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Originally Posted by Bluesteal
(Post 3037768)
LOL!! You have no idea what im talking about... this hasn't happened in OUR time, but the history of monetary policy shows that ZERO Fiat currencies have survived longer than 50 years. Fiat currencies always FAIL everytime. You expand the system and then when it can't expand(debt), it collapses! That is what I mean by history. Incase you didnt know, this system has been setup to fail. This virus didnt cause this problem, the problem has been 50 years in the making. The virus was just the prick to pop the bubble. If it wasn't the virus it would have been something else. You just watched Oil collapse, the dollar is tied to oil, there is no demand for oil, there will be no demand for dollars and the FED continues to print trillions of dollars with no demand... You may have heard of Thomas Jefferson? He warned about this.. Get ready for massive deflation(already beginning) followed by massive hyper inflation. Sadly, the standard of living for most americans will plummet. Fiat currencies has been around for centuries and 100% Fail... Gold wins every time. The world will have no choice but to go back to the Gold standard (pre 1971) once this mess is over and it's not gonna be pretty. But hey, i meet people everyday alot are pilots and so many seem awake and aware and have been preparing, i guess its just you and a couple others. Im here to be nice and tell you that you still have some time, not much but get prepared.
PS... This current system we are in, is part of the reason we fought the American Revolution LOL |
Originally Posted by AboveMins
(Post 3037652)
I'm interested to find out which flight school you think we went to together. I bounced around a few FBOs back in the late 90's/early 2000's, and don't think we were ever at the same one.
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Originally Posted by Bluesteal
(Post 3037778)
hahah, You dont think I have guns and ammo too? haha atleast you got that, ill give you that hope you got food too at the end of the day we all on the same team as americans,
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for pilots that took COLA:
can they ever file for unemployment? what state do you file in? GA, your home state or where your domicile is? |
Originally Posted by Bluesteal
(Post 3037572)
Common guys! lets get with it! study your history, study the history of fiat currencies you cant just print trilions and trillions and trillions of dollars and expect everything will be ok. We are at the end of the fiat currency. Turn off the tv, this bubble has been created for decades and now all the supply chains are collapsing.. there is no way to expand the dollar. You all should have extra food, guns, gold, you are witnessing the end of your dollar. The dollar will be replaced at sooner than later, what that currency will be is the question, but people holding the bag of dollars will end up broke. Get your families prepared, this is no normal recession on the way.
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Originally Posted by piloto2
(Post 3029859)
My guess is that they won't completely eliminate all 50 seat flying, but there will be a significant reduction. Probably 50% or more of the 50 seat fleet gets retired. Suppose it's 2/3 that gets eliminated. That would fall in line with keeping the 145XRs and maybe the 550s that have already been converted. I think that would be about 95 aircraft on the 145 side of the equation. The "consolidation" wouldn't have to include the crews, unfortunately. Just the portion of the routes that United continued to fly that were previously farmed out to multiple carriers would be consolidated. UAL already did that with Trans States aircraft and the routes they had been flying. Some of the Trans States pilots did come over, but it was at the bottom of another regional's seniority list. Which regional would remain UAL's 50 seat operator might be the big question. Would they favor one that they already hive a financial stake in or would they possibly keep two around for some competition (whipsaw)?
There is going to be a significant reduction in service. Majors will do massive furloughing in September, thats going to put a stop at hiring there,, for at least 8 years. Which translates to slow upgrades at the commuters,, gone are the days you upgrade in 12 months. Also, get a second skill set,, you may need it.. |
Originally Posted by flyguy727
(Post 3038887)
There is going to be a significant reduction in service. Majors will do massive furloughing in September, thats going to put a stop at hiring there,, for at least 8 years. Which translates to slow upgrades at the commuters,, gone are the days you upgrade in 12 months. Also, get a second skill set,, you may need it..
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Originally Posted by terks43
(Post 3038942)
I heard that the majors are going to stop hiring for at least 40 years because of this.
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Originally Posted by flyguy727
(Post 3038960)
Naaa, if you go by pass history, 80s, 90s, usually takes about 8 to 10 years for them to rehire. That's why a lot of people just got out of the industry. There was no movement.
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Originally Posted by flyguy727
(Post 3038887)
There is going to be a significant reduction in service. Majors will do massive furloughing in September, thats going to put a stop at hiring there,, for at least 8 years. Which translates to slow upgrades at the commuters,, gone are the days you upgrade in 12 months. Also, get a second skill set,, you may need it..
Originally Posted by terks43
(Post 3038942)
I heard that the majors are going to stop hiring for at least 40 years because of this.
Originally Posted by flyguy727
(Post 3038960)
Naaa, if you go by pass history, 80s, 90s, usually takes about 8 to 10 years for them to rehire. That's why a lot of people just got out of the industry. There was no movement.
They think they have everything in the world figured out but in reality, they are clueless smartA$$’s. |
Originally Posted by flyguy727
(Post 3038887)
There is going to be a significant reduction in service. Majors will do massive furloughing in September, thats going to put a stop at hiring there,, for at least 8 years. Which translates to slow upgrades at the commuters,, gone are the days you upgrade in 12 months. Also, get a second skill set,, you may need it..
This isn't your run-of-the-mill industry contraction. Comparing it to those past is folly, in my opinion. Historically, the hiring dearths have existed precisely because there weren't any pilots retiring off the top of the lists to create movement. That isn't the dynamic going forward. |
Originally Posted by AboveMins
(Post 3037246)
Nope. Haven't been keeping up with the bumfight. Same concept, different airline then. Still doesn't change the fact that Mesa is a bottom feeder.
You must fly for FedEx or UPS. If so awesome. If not Atlas, ATI, Southern ect. Guess what are they payscale wise? "Hint" B_t_om F_e_der. |
As per the latest MEC chair's email, triple digit downgrades, CARES act covering 75% of payroll and 50% of operating expenses. More than I would have thought so that's some good news. Time to apply for the weekend stock boy position at Costco. Definitely rough times ahead.
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Originally Posted by DirkDiggler
(Post 3039429)
As per the latest MEC chair's email, triple digit downgrades, CARES act covering 75% of payroll and 50% of operating expenses. More than I would have thought so that's some good news. Time to apply for the weekend stock boy position at Costco. Definitely rough times ahead.
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Will ExpressJet survive this?
Originally Posted by Melit
(Post 3039437)
XJET got some of the bailout money?
According to the union XJT did. You seem surprised the world isn’t what you said it was. Sent from my iPhone using Tapatalk |
Originally Posted by StuckOnReserve
(Post 3039455)
According to the union XJT did.
You seem surprised the world isn’t what you said it was. Sent from my iPhone using Tapatalk |
Originally Posted by itsmytime
(Post 3039465)
LOL! He thought for sure xjet was toast. He’s hurting right now.
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Originally Posted by StuckOnReserve
(Post 3039455)
According to the union XJT did.
You seem surprised the world isn’t what you said it was. Sent from my iPhone using Tapatalk they were referencing the WAR message that said the company is still working with the Treasury |
Originally Posted by Itsajob
(Post 3039479)
Every airline, including XJT, stands a fair chance of being toast before this is over. United is planning on a 90% reduction in service for 2-3 months, and if there isn’t a huge unexpected rapid recovery, the 756 fleet, and possibly the Airbus fleet is gone. They have also indicated that they plan a major drawdown in 50 seat lift. XJT might have some breathing room for now, but I wouldn’t consider their survival a certainty.
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Originally Posted by itsmytime
(Post 3039567)
unless they get rid of their investment in them, if United survives, xjet survives.
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Originally Posted by DirkDiggler
(Post 3039429)
As per the latest MEC chair's email, triple digit downgrades, CARES act covering 75% of payroll and 50% of operating expenses. More than I would have thought so that's some good news. Time to apply for the weekend stock boy position at Costco. Definitely rough times ahead.
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Originally Posted by Flydafe
(Post 3039575)
dang triple digit downgrades? Do the displaced captains get to keep their pay at least?
filler |
Originally Posted by Flydafe
(Post 3039575)
dang triple digit downgrades? Do the displaced captains get to keep their pay at least?
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Originally Posted by SeeYa
(Post 3039517)
that’s not really what they said
they were referencing the WAR message that said the company is still working with the Treasury I guess I should rear those. I ignore those like the perk spot emails. Still there is difference between “working with” and “not qualified” Melit was deadset that XJT didn’t qualify. Sent from my iPhone using Tapatalk |
Originally Posted by itsmytime
(Post 3039567)
unless they get rid of their investment in them, if United survives, xjet survives.
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Originally Posted by point80
(Post 3038973)
I think that was sarcasm.. lmao
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Originally Posted by itsmytime
(Post 3039567)
unless they get rid of their investment in them, if United survives, xjet survives.
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Originally Posted by StuckOnReserve
(Post 3039603)
I guess I should rear those. I ignore those like the perk spot emails.
Still there is difference between “working with” and “not qualified” Melit was deadset that XJT didn’t qualify. Sent from my iPhone using Tapatalk |
Originally Posted by StuckOnReserve
(Post 3039455)
According to the union XJT did.
You seem surprised the world isn’t what you said it was. Sent from my iPhone using Tapatalk |
I’m guessing the downgrades are due to the 175s leaving property?
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Originally Posted by DirkDiggler
(Post 3039670)
That's definitely not the case, anything goes at this point. This is obviously unprecedented.
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Originally Posted by itsmytime
(Post 3039753)
so you’re saying United would keep their investment in xjet, but wind them down? Doesn’t make sense. What I’m saying is if United keeps their investment, xjet survives. Obviously if they sell them off, anything goes.
That's not how business works. What's done is done. The only thing that matters now is what happens going forward. |
Originally Posted by Longhornmaniac8
(Post 3039759)
It's a sunk cost. I'm not saying they will or they won't, but far too many people use evidence of a past financial commitment (stake in airline, cabin refurbishment, etc) as a justification for why X will continue to be around.
That's not how business works. What's done is done. The only thing that matters now is what happens going forward. XJT has no assets to sell other than a list of qualified employees. United already owns all of the equipment that XJT operates. The previous money was spent at a time when XJT needed propping up to provide reliable feed to United. It wasn’t an investment to be sold or kept, it was money spent in the past to keep feed when demand was at record highs. If going forward they decide that that the equipment will not be around, neither will XJT. It won’t cost them any money. Park the jets or transfer them to another regional, and XJT is just a list of employees with no work. They could easily decide that XJT handles what is left of the 50 seat flying, or they could consolidate flying and transfer those planes to another regional. That decision will be based solely on what is best going forward, not money spent before the virus. |
Originally Posted by itsmytime
(Post 3039753)
so you’re saying United would keep their investment in xjet, but wind them down? Doesn’t make sense. What I’m saying is if United keeps their investment, xjet survives. Obviously if they sell them off, anything goes.
watch for 5 hrs. UA just burned 50 mill in losses!!! There investment is. Crumbs at this point. Airlines need cash to survive this. How much “cash on hand” does Mana have??? Because UA isn't paying allowance right now.. I do believe XTJ is in better position then some UAX carriers though... |
AVIATE tho…..
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Originally Posted by amcnd
(Post 3039882)
XJT was purchased for 70mill.. plus parts, ect. So lets say UA’s 43% is 50 million...
XJT is in pretty good shape financially compared to some other UAX carriers. |
Originally Posted by UnitedExpress
(Post 3039937)
I guess you meant United’s 49% and Mana Air (UAL investors group) 51%.
XJT is in pretty good shape compared to some other UAX carriers. |
Originally Posted by UnitedExpress
(Post 3039937)
I guess you meant United’s 49% and Mana Air (UAL investors group) 51%.
XJT is in pretty good shape financially compared to some other UAX carriers. No. i meant 43%..... (but don’t care to debate it... so say whatever percentage you want as long as its less then 50%... really doesn't mater still a minority..) |
Originally Posted by amcnd
(Post 3039976)
No. i meant 43%..... (but don’t care to debate it... so say whatever percentage you want as long as its less then 50%... really doesn't mater still a minority..)
im curious what “point” you are trying to make by saying it’s 43 We also have investments in several domestic regional airlines. In January 2019, we completed the acquisition of a 49.9% interest in ManaAir LLC, which, as of immediately following the closing of that investment, owns 100% of the equity interests in ExpressJet Airlines, Inc., a domestic regional airline. We also have minority equity interests in CommutAir and Republic Airways Holdings, Inc. See Note 9 to the financial statements included in Part II, Item 8 of this report for additional information regarding our investments in regional airlines. |
Originally Posted by point80
(Post 3039949)
Until XJT receives CARES ACT money they are in one of the worst positions. As of 2 days ago they were still negotiating with their shareholders. Unless the CEO has confirmed anything I would hold my breath on saying they are better position then anyone.
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