Compass to Envoy ERJ-175 Transfer Countdown
03-19-2020, 09:55 PM
#91
Gets Weekends Off
Joined APC: Dec 2007
Posts: 618
Originally Posted by Gone Flying
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
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
03-20-2020, 05:33 AM
#92
Gets Weekends Off
Joined APC: Sep 2015
Position: UNA
Posts: 4,417
Originally Posted by stbloc
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.
03-20-2020, 06:03 AM
#93
On Reserve
Joined APC: Apr 2018
Position: Retired
Posts: 22
Originally Posted by MrAviator180
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
Last edited by Vapor Lock; 03-20-2020 at 06:15 AM.
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