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Airline Pilot Central Forums (https://www.airlinepilotforums.com/)
-   Envoy Airlines (https://www.airlinepilotforums.com/envoy-airlines/)
-   -   Compass to Envoy ERJ-175 Transfer Countdown (https://www.airlinepilotforums.com/envoy-airlines/128118-compass-envoy-erj-175-transfer-countdown.html)

stbloc 03-19-2020 09:55 PM
Originally Posted by Gone Flying (Post 3004465)
a business can only file CH11 twice. if the legacy's get drug through this again it really would be survival of the fittest after that.

side note this can be mitigated by a merger IE when AA and UsAir merged, keeping the AA name allowed them to go through this again, had the US air name been kept, they already had 2 bankruptcys and CH 11 would not be an option for them
Show me in the federal bankruptcy code where they can’t file 3 times. They will file again and have no choice. AA has more debt then all the airlines combine. I don’t want to here “but they have more cash then the rest”. 8 billion wont last till June and they are required to keep 2 billion cash reserve. So this leaves them with 6 billion, almost zero revenue and operational cost to be paid. How on earth can they repay that? A bailout is just another loan. So then you stack that debt on top of the almost 30 billion in debt they currently owe. BK will allow them to throw out labor contracts, restructure debt, screw the bond and share holder for them to fight another day. Another thing to keep in mind is AA was already operating at a negative cash flow prior to this. When delta and United were paying down debt AA was focused on buying back stock. It’s going be a bumpy ride to put it light. My thoughts are they will be about 30% smaller when they exit bk.

Gone Flying 03-20-2020 05:33 AM
Originally Posted by stbloc (Post 3004765)
Show me in the federal bankruptcy code where they can’t file 3 times. They will file again and have no choice. AA has more debt then all the airlines combine. I don’t want to here “but they have more cash then the rest”. 8 billion wont last till June and they are required to keep 2 billion cash reserve. So this leaves them with 6 billion, almost zero revenue and operational cost to be paid. How on earth can they repay that? A bailout is just another loan. So then you stack that debt on top of the almost 30 billion in debt they currently owe. BK will allow them to throw out labor contracts, restructure debt, screw the bond and share holder for them to fight another day. Another thing to keep in mind is AA was already operating at a negative cash flow prior to this. When delta and United were paying down debt AA was focused on buying back stock. It’s going be a bumpy ride to put it light. My thoughts are they will be about 30% smaller when they exit bk.
It looks like I was wrong. I thought I remembered that if a company filed CH 11 3 times they lost all their copyrights to their branding and such to prevent using BK as a semi common event for mismanaged companies. I should have looked that one up, my bad

Vapor Lock 03-20-2020 06:03 AM
Originally Posted by MrAviator180 (Post 3004276)
Someone track his IP address down, find out who he is, report him to management, and get him fired. I‘m not at Envoy, but I do feel sorry for anyone in the pilot group that has the misfortune to be in the same room as THKooj. Let alone get stuck flying with such a character for 3-4 days.


I bet youre fun to be around. You sound so childish and immature. Fire him??? Really? I bet you cried when trump got elected. Get a life. #Triggered

Vapor Lock 03-20-2020 06:17 AM
Originally Posted by Vapor Lock (Post 3004916)
I bet youre fun to be around. You sound so childish and immature. Fire him??? Really? I bet you cried when trump got elected. Get a life. #Triggered

Get ya some #troll

pangolin 03-20-2020 06:38 AM
Originally Posted by Vapor Lock (Post 3004923)
Get ya some #troll
Dude
are you trolling yourself?

Cyio 03-20-2020 07:16 AM
Originally Posted by pangolin (Post 3004938)
Dude
are you trolling yourself?
It appears that way, yes. That is next level trolling.

Vapor Lock 03-21-2020 11:05 AM
Originally Posted by pangolin (Post 3004938)
Dude
are you trolling yourself?

it’s a tough job. But somebody gotta do it #troll

Paid2fly 03-21-2020 03:20 PM
Originally Posted by Vapor Lock (Post 3006431)
it’s a tough job. But somebody gotta do it #troll




#Drain bamage...

:rolleyes:


:confused:


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