Impending Liquidation, Limited Career Options
#121
Gets Weekends Off
Joined APC: Jul 2023
Posts: 251
When is ALPA going to give us the distressed carrier status? I might hold off a bit and take advantage of the designation. I think it gives your app more weight?
Last edited by CatPilot1; 02-07-2024 at 03:39 AM.
#122
Gets Weekends Off
Joined APC: Mar 2017
Posts: 3,662
How come you didn’t mention JBs hiring numbers? My plan is to head over there to weather the Spirit storm. After the storm passes(depending on the damage), or if no storm comes; I’ll probably head back over to Spirit once hiring picks back up again.
When is ALPA going to give us the distressed carrier status? I might hold off a bit and take advantage of the designation. I think it gives your app more weight?
When is ALPA going to give us the distressed carrier status? I might hold off a bit and take advantage of the designation. I think it gives your app more weight?
I admit I could be missing something here but that seems like a strange path to take.
#123
How come you didn’t mention JBs hiring numbers? My plan is to head over there to weather the Spirit storm. After the storm passes(depending on the damage), or if no storm comes; I’ll probably head back over to Spirit once hiring picks back up again.
When is ALPA going to give us the distressed carrier status? I might hold off a bit and take advantage of the designation. I think it gives your app more weight?
When is ALPA going to give us the distressed carrier status? I might hold off a bit and take advantage of the designation. I think it gives your app more weight?
#125
Gets Weekends Off
Joined APC: Feb 2008
Posts: 19,284
How come you didn’t mention JBs hiring numbers? My plan is to head over there to weather the Spirit storm. After the storm passes(depending on the damage), or if no storm comes; I’ll probably head back over to Spirit once hiring picks back up again.
When is ALPA going to give us the distressed carrier status? I might hold off a bit and take advantage of the designation. I think it gives your app more weight?
When is ALPA going to give us the distressed carrier status? I might hold off a bit and take advantage of the designation. I think it gives your app more weight?
#127
Gets Weekends Off
Joined APC: Jun 2010
Position: DOWNGRADE COMPLETE: Thanks Gary. Thanks SWAPA.
Posts: 6,621
How come you didn’t mention JBs hiring numbers? My plan is to head over there to weather the Spirit storm. After the storm passes(depending on the damage), or if no storm comes; I’ll probably head back over to Spirit once hiring picks back up again.
When is ALPA going to give us the distressed carrier status? I might hold off a bit and take advantage of the designation. I think it gives your app more weight?
When is ALPA going to give us the distressed carrier status? I might hold off a bit and take advantage of the designation. I think it gives your app more weight?
#128
To understand Spirits value in a liquidation you would need to know the the ownership structure of the fleet. Leased aircraft would simply go back to the lease holder. Financed aircraft would go back to the bank or capital company. Does Spirit own any of their newer aircraft outright? Nobody wants CEO A320's.
#129
Gets Weekends Off
Joined APC: Jul 2023
Posts: 251
Does SW have a program that lets you return to your previous seniority if the airline you leave for is superior? If so that’s a selling point to maybe weather the storm at SW vs JB.
#130
In the past, it was common for an airline to sell owned assets (planes) to a leasing company and then just least them back. Increased liquidity for other purposes (such as buybacks), and takes the planes off the list of capital assets which might attract predators, converting them to debt which might deter predators.
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