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Old 11-15-2010 | 01:14 PM
  #52431  
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Originally Posted by firstmob
Why are we issuing asset-backed bonds, when we have so much cash?
My guess is they're paying off higher interest debt early like they did with some of the secured exit financing earlier this year. They took two obligations that totaled nearly $1.4 billion and only refinanced $900 million of it...net debt reduction $500 million.
Old 11-15-2010 | 01:17 PM
  #52432  
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Originally Posted by firstmob
Why are we issuing asset-backed bonds, when we have so much cash?
I was wondering the same thing myself.........

My thoughts?
1. Refinancing some debt at better rates...
2. Building a war chest for an AS bidding war...
3. Down payment on 100 seat jet...
4. Building a war chest for an HA merger...
5. Financing the next anti-union drive against AFA and IAM.
Old 11-15-2010 | 01:17 PM
  #52433  
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'Sky's the limit': Drug smugglers buy cargo jets - World news - Americas - msnbc.com
Old 11-15-2010 | 01:22 PM
  #52434  
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Originally Posted by maddogmax
Anybody ever had to use DPMA? Do you have to apply for it or does it automatically kick in when necessary? I am sure I can find out the answers if pointed in the right direction. Thanks!
The rules are very complex for both disability and DPMA. It is a complicated combination of when you run out of sick leave, how much you were paid (36 months highest pay), whether you were eligible for Worker's Comp (whether you applied or not), State Disability (whether you applied or not). The worst thing is you may will probably miss most deadlines if you have all or most of your sick leave because you will not find out about it until after you need. What I mean by that once you get sick you don't think (unless you have something serious like a heart attack or cancer, God forbid) that you will actually need disability. Found all this out the hard way. Everyone beware - can be very expensive if you miss a deadline -
DELTA will automatically deduct benefits whether you receive them or not.

Recommend you call or write them and get a great checklist:

DPMA
P.O. Box 20883 - Atlanta, GA - 30320
Phone: [404] 559-9421 / [888] DAL-DPMA - Fax: [404] 559-9817
Email: [email protected] (pre-merger Delta pilots) [email protected] (pre-merger NWA pilots)
Old 11-15-2010 | 01:22 PM
  #52435  
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Originally Posted by Jughead
I would imagine it will become noticible pretty soon if they keep this up...especially considering the number of these things they plan on installing by the end of next year. The money spent would buy a whole lot of bomb-sniffing pound puppies.

If the TSA doesn't run off all our pax, Clark Howard will. I'm listening to him now singing his praises of AirTran/SWA, and what a great idea it is to drive to BHM from ATL to get into their network. He's absolutely giddy over these great deals! I've never heard him bash another company the way he does to Delta.
Guaranteed that guy rubs it out to the Sunday Coupon Mailers.
Old 11-15-2010 | 01:26 PM
  #52436  
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TSA Caves On Molesting Pilots

Feds beginning to back down in face of national outrage, but no word on ordinary travelers being subjected to airport oppression

Paul Joseph Watson & Alex Jones
Prison Planet.com
Monday, November 15, 2010

UPDATE: Big Sis Caught Lying To American People

TSA Administrator John Pistole told CNN’s John Roberts this morning that the feds were looking at changing pat down procedures for pilots, a first indication that the government is beginning to back down in the face of a nationwide backlash against naked body scanners and intrusive airport groping measures.

Speaking about how he and DHS chief Janet Napolitano met with pilots representatives last week, Pistole said, “Well obviously they’re a trusted group in so many different ways and so it makes sense to do some type of different type of screening which we will explore and I think have a way forward here in the near future.”

Adding that he didn’t want to speak prematurely, Pistole said “There are options that we are looking at that will make sense.”

Host Roberts made the point that screening pilots for weapons was pointless when pilots have the biggest weapon they could possibly have – the plane itself – in their hands.

However, Pistole did nothing to address similar measures being directed against the traveling public which amount to little less than sexual molestation, and had no answer to why airport officials are threatening people who refused to be groped with $10,000 dollar fines, as in the case of a man who had a run in with TSA goons at San Diego International Airport this past weekend.

Despite the TSA’s blanket refusal to amend measures that are stoking outrage across the country and leading many to decide against flying until changes are made, this first step in the feds being forced to back down on one level is obviously a sign of progress.

It has been established that the implementation of the aggressive groping techniques had nothing to do with security and was solely designed to force people into the body scanner, which as Columbia University and other scientists have proven increases the risk of cancer.

In addition, the body scanners would not even have stopped underwear bomber Umar Farouk Abdulmutallab from boarding Flight 253 on Christmas Day.

The feds have finally accepted the fact that common sense needs to be applied to screening pilots, and that same “intelligence-driven” process, as Pistole labels it, now needs to be applied to ordinary travelers.

It is not “intelligence-driven” to subject toddlers to sexual molestation in the name of stopping terror. A “risk-based” approached should not include targeting the very people who represent the least risk – women, children, the elderly and the disabled – who are precisely the groups that have been on the receiving end of the most humiliating degradation at the hands of TSA thugs.
Old 11-15-2010 | 01:29 PM
  #52437  
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Originally Posted by maddogmax
Anybody ever had to use DPMA? Do you have to apply for it or does it automatically kick in when necessary? I am sure I can find out the answers if pointed in the right direction. Thanks!
PM me if that doesn't set you on the right track if my post above doesn't put you on the right track.
Old 11-15-2010 | 01:35 PM
  #52438  
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Originally Posted by DeadHead
Guaranteed that guy rubs it out to the Sunday Coupon Mailers.
ROFLMAO!!!!!

That is a definite possibility!!!
Old 11-15-2010 | 01:41 PM
  #52439  
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Originally Posted by gloopy
Yay for ALPA on the pending progress of (an as of now effectively unimplimented) crewpass. Big fan of crewpass, and if it ever happens then ALPA deserves a lot of credit. But scope trumps crewpass. What good is crewpass if half your flights, block hours and pilot jobs are done by other pilots off your list? If more scope relief is allowed and mainlines shrink again, who cares if you can bypass the hastles of security for the masses if you don't have a job in the first place.

Scope is the Alpha and the Omega of anything and everything in this profession. Who cares if you have leading aeromedical or legal assistance if you're not employed to use it? What good are pay tables if your rate is zero because your job is outsourced? What good are retirement improvements if you spend less time on property or at lower paying categories because of rampant outsourcing?

Scope trumps all because its not only greater than any other issue, it is the foundation of every single issue.

And yet ALPA thinks the best strategy is to pretend it doesn't exist, ask for complete trust in the wake of the recent several decades of abysmal failures regarding the issue and focus on the tertiary.
Excellent and very important post. Thanks gloopy for trying to keep us all focused.

Carl
Old 11-15-2010 | 01:50 PM
  #52440  
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From: Guppy Commander
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Originally Posted by johnso29
TSA Caves On Molesting Pilots

Feds beginning to back down in face of national outrage, but no word on ordinary travelers being subjected to airport oppression

Paul Joseph Watson & Alex Jones
Prison Planet.com
Monday, November 15, 2010

UPDATE: Big Sis Caught Lying To American People

TSA Administrator John Pistole told CNN’s John Roberts this morning that the feds were looking at changing pat down procedures for pilots, a first indication that the government is beginning to back down in the face of a nationwide backlash against naked body scanners and intrusive airport groping measures.

Speaking about how he and DHS chief Janet Napolitano met with pilots representatives last week, Pistole said, “Well obviously they’re a trusted group in so many different ways and so it makes sense to do some type of different type of screening which we will explore and I think have a way forward here in the near future.”

Adding that he didn’t want to speak prematurely, Pistole said “There are options that we are looking at that will make sense.”

Host Roberts made the point that screening pilots for weapons was pointless when pilots have the biggest weapon they could possibly have – the plane itself – in their hands.

However, Pistole did nothing to address similar measures being directed against the traveling public which amount to little less than sexual molestation, and had no answer to why airport officials are threatening people who refused to be groped with $10,000 dollar fines, as in the case of a man who had a run in with TSA goons at San Diego International Airport this past weekend.

Despite the TSA’s blanket refusal to amend measures that are stoking outrage across the country and leading many to decide against flying until changes are made, this first step in the feds being forced to back down on one level is obviously a sign of progress.

It has been established that the implementation of the aggressive groping techniques had nothing to do with security and was solely designed to force people into the body scanner, which as Columbia University and other scientists have proven increases the risk of cancer.

In addition, the body scanners would not even have stopped underwear bomber Umar Farouk Abdulmutallab from boarding Flight 253 on Christmas Day.

The feds have finally accepted the fact that common sense needs to be applied to screening pilots, and that same “intelligence-driven” process, as Pistole labels it, now needs to be applied to ordinary travelers.

It is not “intelligence-driven” to subject toddlers to sexual molestation in the name of stopping terror. A “risk-based” approached should not include targeting the very people who represent the least risk – women, children, the elderly and the disabled – who are precisely the groups that have been on the receiving end of the most humiliating degradation at the hands of TSA thugs.
theres no way our government has come to a rational thought!!! lol

i hope this sticks!!
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