So wait, Envoy hiring on hold, likely for some time but all excited about getting the 175's ? My guess is our CP flown AA owned 175's will be parked with a number of the other AA planes being parked. There will unfortunately be a lot of furloughs across all of the 121 world. WO are not safe, regionals of no sort are safe.

Let me be perfectly clear about this. We are NOT excited about getting the planes. If you could see our internal facebook pages, you would see nothing but sad faces about what happened to Compass. Thats how our pilots feel about it, except for a few APC trolls.

“all”?


Filler

Sorry shouldnt of said all.. I mispoke.

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

Yeah? How about a guy that celebrates other pilots from other companies not having a job?

You can get as upset as you want, but I’ll never be happily “counting down” the day another company’s aircraft show up on property, nor will I smile upon anyone else’s misfortunes. Nice try tho. ;)

Actually I don’t. A lot of the 22-24 year old kids I’ve seen at Envoy are probably a lot quicker to show up to the chief pilot’s office than I. But hey if talking like that on the forum floats your boat, I won’t judge you.

While I’m not a lawyer, I’m going to go out on a limb and question the assertion that the name is what does or does not allow a company to declare bankruptcy.

Also, both UAL and DAL have gone through mergers since their last bankruptcy.

Former CPZ guy here. Thank you for calling out the tools and the kind words. Tailwinds to us all in this crazy environment.

For what it’s worth, we got an email today indicating our union is trying to arrange for preferential hiring for former Compass pilots. Of course it does little when we aren’t even hiring, but it’s out there. Comments in the email made it sound like management is indifferent at best but there are guys over here trying to throw a lifeline. Hang in there.

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

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

Dude
are you trolling yourself?

It appears that way, yes. That is next level trolling.

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

#Drain bamage...

:rolleyes:


:confused: