Did we excercise the 767 options in December?
 

Well??? Did we?????

I thought the next time we had to exercise options was this coming November.

Did we have options that needed to be exercised by this December? or was it next December?

As far as I heard, we had to excercise 8 of our options by last month to lock up an additional 26.

PD likes to spread FUD and say he’s nervous they won’t exercise those options but the realist in you should know they’ve already exercised them and won’t announce it until after the TA is signed.


or they’re going to let Amazon or UPS reserve the rights to them because that makes a lot of sense.

Can't grow the Tricolor orange network without more air raft right? Why let that opportunity go to the competition?

They would never.


Their union busting tactics are more transparent as time goes on. It’s unoriginal and boring 🥱

Although, the “leaked” PD meeting was sort of a fun one. Slow clap for that attempt.

I thought it was by 12/31/23 as well for the 8 options. Couple people saying November '24, maybe that's the real date?? We'll find out after the TA is signed.

MD11's going away and we aren't going to keep picking up 76's? Keep the fear going.

The very day the POS TA was to become our CBA, how many hundreds of credit hours (over 1,000?) dropped into MD-11 open time?

(Facts and rumors).

Guess that's the question. If I were junior, I might be pretty concerned about these options. I can't find it anywhere, so if someone knows the answer, might help some folks out making big decisions. I think it would be a bad idea to let the orders possibly go to a competitor, but our higher c-suite types have mentioned at every recent earnings call about reduced capital expenditures.

There is copies of documents referring to the order in the latest 10-Q filing to the SEC. The documents aren’t very straight forward to understand and their is some redaction, but it appears like the delivery dates were changed by FedEx or Boeing.

See for yourself they start on digital page 47 of the pdf posted on the investor relations page. Its the December 19 10-Q

Eactly what i'm trying to figure out. Doesn't specify.

Do we really need more airframes? If the CEO Raj already said we are in lock down mode? $3B in savings he wants. And we already have triple the airframes as our competator in every gateway, especially in Asia. I foresee the airline stagnating or shrinking if they do what they say and truck more. And along with the USPS reduction.

According to JBs cool video we're growing! Not shrinking! Tricolor is going to save the day!

Do we need air frames currently. No, but will we in the future yes. Could they cancel the orders and save a bit of change, yes, but is that the best decision, probably not.

They have to address the aging fleet at some point. And they already have an order locked in for 767s from years ago, which means that price doesn’t reflect the massive amounts of inflation that just occurred over the previous 3 years. Another issue is any good airplane has a long line of buyers, and it also takes a long time to build out an order.

So if they cancelled it, they would have to turn around and place another order and pay a much higher price to accomplish ultimately the same thing which is replace the aging fleet.

what I think they did, is pay a penalty and delayed the deliveries. Thats what the 10-Q seems to indicate, because it does say the parties are agreeing to a change of delivery date.

it makes sense to pay a penalty to not have spare aircraft flying around half empty depreciating unnecessarily.

what doesn’t make any rational sense is cancelling the order of a perfectly specd airframe FedEx will absolutely need to replace a good portion of the fleet. Oh and factor in the new emissions standards coming I think there is no chance they cancel it. But it is all speculation on my part.

I thought one of the reasons for the 767 continual options was we were grandfathered into the new Europe emission standards are someone mentioned.

I heard the same thing from flight technical. We got the waiver last fall.

From the 10Q as of Nov 30, 2023 we have 50 options for B767F and 23 options for B777F aircraft. Specific information that you are talking about is not public knowledge, I would assume under NDA between FedEx and Boeing. Depending on who told you this and the context under which it was said would help you guess the validity, although I would venture to say we won’t hear about any additional aircraft orders until a contract is inked.

These are in my mind the obvious replacement for the Md-11.

looked back and it’s not in the 10Q. Link for the stat book on the investor relations page, you will find the info there: https://s21.q4cdn.com/665674268/file...-Stat-Book.pdf

7,000 if I remember correctly

Thanks for answering.

I knew it was over 1,000. But 7,000 WB credit hours - amazingly dropping into Open Time the very day that our new concessionary CBA was to take effect. That is just such an insane coincidence!

Remember the old distractions and disinformation, as pats ramp up the fear and uncertainty necessary for 50%+1 on TA 1.1 - due before the end of the April bid month.

I think the window for 50.1% might be almost completely shut. Recalls voted for this week would have to run for 30 days and if the votes were rushed, that would leave a little over a week the end of Feb for the MEC to vote and send TA1.1 to the pilot group…before the LEC 26 permanent reps take their seats 1 Mar.

Attempt 1 to temporarily fill LEC 26 with old guard failed as 2/3 elected reps took the interim seats. I argue this week was attempt 2 to get those seats filled with old guard, and any others would be a bonus.

IF (and that’s a big if, I get it) the senior/older retirement crowd is pushing for a TA1.1 that still improves retirement at the expense of QOL, pay and scope (what TA1 did - pitting senior vs junior), they have two deadlines approaching that make it difficult to forward another concessionary contract. The first deadline is 1 Mar, when LEC 26 elected reps take their permanent seats. The second deadline is when PM is replaced. Cancellation of Tuesday’s meeting effectively closed the door for the MEC to send TA1.1 to the pilot group before 1 Mar.

Tell me where I screwed up that math 🤷🏼‍♂️

Sounds right on.

You're correct. However we should not be surprised to see more antics from the Silent Majority Bitter Minority crowd. It appears that they have weaponized the company's legal department and put at least 5 pilots on NOQ so far from what I've found. As we've already seen by their creation and interrim-rep interference, they are not going to go down easily, nor quietly.

Could you expand on the noq pilots?

Expand, How did you find this? More misinformation? Provide facts.

Not sure how exactly I can expand otherwise I would. Contact your block rep for more info, just expect a biased answer if they are one of the block reps in the SM.

If you can't provide reliable facts then it is just rumours. I would ask my block rep TC but he doesn't answer emails. To busy trying to recall reps that do not align with his pack.

And the very next day our Union confirmed they were the result of an additional customer pickup.

And the very next month they were in the bidpack.

From the assertions, pretty odd not to see a pretty hefty cancellation fee hit the books\streets.
Or maybe our Wet Lease contracts are just like our hotel contracts, we reserve the right to cancel them with 24 hours advance notice at no cost to us

What cancellation fees are you talking about or wet lease contracts? The COVID Atlas contract expired in May or June 23.

I am flying the ANC NLU flight in a few days. Will look at the cargo to see what we are carrying for this new contract. These flights are the ones that were annouced as a new customer back in August.

We secured the TEMU and SHEIN contracts. Hopefully we can hold onto them.

What is the current political split in the union, old guard vs new?

Am I right in assuming TA 1.1 would fail currently at the MEC level or no?

If it's anything like TA 1.0 it will fail at the MEC. Old guard or new, they should KNOW OUR WORTH by now.

Call him and leave a message. He will call back.

I have provided reliable facts. You're welcome to verify them with your representation if you don't believe me.

It looks like currently 8-6 in favor of not pursuing a TA1.1 that barely scrapes by, becoming 9-5 on 1 Mar. Those who were calling for Block 7’s recall talked about making it 10-4.

I perceive that the old guard essentially said “fine, if you want to recall block 7 we’ll play that game too and recall everyone…what do we have to lose.” A senior mentor here reached out to me to make sure I vote, but of course asked me where I stood before he made that push. He also reached out to me a few days before ratification closed pushing me to vote yes.

It’s very frustrating to see that not only was our union content to send us such a divisive, senior-vs-junior, TA for ratification. More frustrating is that so many of them still seem to want to do it, with the endless recalls, MBCBP education, fellating of PM, etc.

Sounds like a sh**ty mentor. Slowly but surely we're getting rid of all these dinoraurs that think you have to give away tons of QOL items just to get some slap in the face pay raises that don't even keep up with industry standard.