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Yahoo is reporting that Allegiant will take its 150 seat MD80s up to 166 seats. Bring some vaseline, it'll help slip into the seats better.
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Originally Posted by forgot to bid
(Post 870144)
Yahoo is reporting that Allegiant will take its 150 seat MD80s up to 166 seats. Bring some vaseline, it'll help slip into the seats better.
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Originally Posted by Superpilot92
(Post 870148)
these airlines are embarrassing :rolleyes:
Or go 3x3! :D |
Originally Posted by forgot to bid
(Post 869942)
DAL Debt
Delta Air Lines Inc. (DAL) announced a somewhat tempered preliminary response to its offer to repurchase $300 million of debt. A wide host of companies are using improved results and the ability to borrow at near-record-low interest rates to refinance debt, which generally carries higher rates. Delta returned to the black in the latest quarter as it saw a better rate environment amid a broad industry recovery. The first part of the offer, which was announced last month, was to repurchase three series of pass-through certificates from Northwest Airlines, which Delta acquired in 2008. There were $339.6 million of those notes outstanding and through Friday, about $99 million was validly tendered. Including an early tender premium, the offer ranged from 6% below to 5% above face value. Delta had said if not all of the $300 million allocated to the buyback was used through repurchasing tender notes from those three series, holders of a 2007 series of Delta pass-through certificates and 11.75% senior second-lien notes that mature in 2015 would be able to tender through a Dutch auction. On that auction's two series of debt, which has $726.7 million outstanding, about $359 million was tendered. The auction's ranges go from 1.3% to 14% above face value. The tender offers expire at 11:59 p.m. EDT on Sept. 24 unless extended or earlier terminated. Delta's shares were recently up 2.37% to $10.79 amid a broad market rally, especially for airlines. Actually, this doesn't surprise me at all. Getting ANY kind of yield in the current market is a very, very precious thing. The people who hold these notes know they have good deal, and if they cashed out, they'd be getting sub 1% returns elsewhere. Doesn't make the early-out premium worth it. If I had a %4 CD at a bank, and they offered me a premium to cash it out early, I'd have to really work the numbers, because if I were to invest the money with the same level of security, I'd be getting 0.75 or so. It'd have to be one hell of a cash-out bonus. Nu |
Originally Posted by Denny Crane
(Post 870100)
Because SLC7ER is a new category it will be awarded in senority order. For those not in the SLC 767 domestic category, they will bid an AE. Those that are in the SLC 767 domestic category will bid a MD. Bottom line is that a new category with zero guys in it will be awarded in senority order.
Denny (MD 90/A320 resulted in like 50% of the ex MD 90 guys not being able to hold 320 slots). The 767/7ER could be more of the same. |
Originally Posted by DAL73n
(Post 870189)
That is true - remember you could be awarded an AE and then get bumped off on an MD (767 A/Bs not being able to hold SLC 7ER, bumping guys out of SEA or LAX and let flow down dominos begin). Then again, there will be upward movement with the wide body flying (I have been told by Crew Resources that every wide body Captain slot generates 8 training events) so this one will be a super crapshoot with most SLC guys taking it in the shorts again
(MD 90/A320 resulted in like 50% of the ex MD 90 guys not being able to hold 320 slots). The 767/7ER could be more of the same. BD |
Originally Posted by Lifeisgood
(Post 870001)
Panic mode selector - ON for Delta West.
Just heard from a friend who's friend has a buddy in crew resources. The intel is - the way people are bidding half of the current SLC767 drivers in both cats will not be able to hold SLC7ER. |
Originally Posted by capncrunch
(Post 870060)
What about the spots vacated by those who displaced those in SLC? This still leaves us with a net positive which equals the new positions.
I still don't believe the doom and gloom that Southies are predicting in SLC. Since the very last scenario already happened on the South side with the early retirements, you've got relatively junior people in fairly nice categories. As people move around the system, and since you've had more commuters that can simply redirect, and as equipment shifts also drives South guys to exercise their seniority (think 765 in NYC), junior people in higher categories are sliding backwards. It's not gloom and doom, and I'm not crying over it: it's just a fact. The spots vacated will probably often come from people that are quite senior in NB categories, and want to cash their seniority in for something bigger. They'll go to a WB, and the people displaced will be more senior in a NB category, that's all. The great news is that this is all occuring in the context of a little hiring, and a little retiring. There is still movement upwards. It's just not as massive as people might hope... but when is it ever what people hope for? |
Originally Posted by Xray678
(Post 870085)
IMHO it's not right that a bunch of guys lose their seat when the flying will be cery much the same. The ER now contains a lot of domestic flying. Most of the routes flown by the new ER category will be the same stuff currently flown by the domestic category.
The company and union should have cut a deal so that the domestic 767 can be converted to the ER without a rebid. Just give everyone a TOE and move on. Ya know what it is done this way? The PWA and the AE and MD process. No more no less. |
Originally Posted by PilotFrog
(Post 870126)
IMHO I agree. Especially when after the merger the 757 in DTW and MSP automatically became 7ER with no new category bid.
Again why? There is a reason for it. :rolleyes: |
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