Impending Liquidation, Limited Career Options
#21
Gets Weekends Off
Joined APC: Jul 2023
Posts: 252
NK pilot with some questions for the tribal elders.
Spirit will soon be going into bankruptcy restructuring. Now they can't say that but of course, but they will eventually be driven best case into Chapter 11. Of course, my hope is they successfully restructure and life goes on.
But there is a high chance the creditors demand liquidation, and Ch11 becomes Ch7. That is where I need some advice.
My personal situation is that I was former military, and could not air refuel. I racked up several busts trying to do that, and got to do a fun thing called FNAEB where I had the opportunity to explore a future outside of the Navy prematurely.
Now in 2022 I was a regional pilot and went to all the fairs and a few meet the chiefs. My experience at these events showed me that my professional prospects Permanently Circumscribed in this environment. When Spirit liquidates I will be in a much more competitive environment re hiring. I'll have about 3, 3.5k turbine time, three jet types (including A320) but very little PIC. I was close to upgrading here at Spirit but that won't be happening now that we will likely shrink continually until liquidation. So I am making sure to pick up as much flying as possible to maximize my income before liquidation occurs, sometime in 2025 or hopefully as late as 2026.
I always keep one year of expenses saved up for the event of an immediate job loss. Fortunately with this much forewarning I will have built that up to maybe two years or more of interest bearing cash before I am on the street.
I need to think about where I could realistically go when Spirit is liquidated. I am in the process of preparing applications to those B4 airlines I live near, but there are about 2100 captains ahead of me hear who I know will beat me out. Very high probability based on my prior experience with these events I will never receive any interest from these airlines. There are some regionals near me, and if they are still doing DEC programs by the time I am liquidated, they may be worth looking at.
So my question to you is this: Understanding that in this competitive environment that I may/will never solicit B4 interest, would I be competitive enough to go to Atlas/Kalitta/Fractional/Regional DEC, with at most 3.5k turbine ME and maybe 100 hours turbine PIC?
Without knowing those sectors, my plan is to maximize the peak earning years of my life until liquidation, and then finish up the MBA program I am in, and then look for work. Though the market for MBAs is very poor, I should have enough saved up that I could be under/unemployed for awhile without putting my family in distress. Just curious how competitive the other parts of the pilot world are before getting forced out to do something else.
Thanks!
Spirit will soon be going into bankruptcy restructuring. Now they can't say that but of course, but they will eventually be driven best case into Chapter 11. Of course, my hope is they successfully restructure and life goes on.
But there is a high chance the creditors demand liquidation, and Ch11 becomes Ch7. That is where I need some advice.
My personal situation is that I was former military, and could not air refuel. I racked up several busts trying to do that, and got to do a fun thing called FNAEB where I had the opportunity to explore a future outside of the Navy prematurely.
Now in 2022 I was a regional pilot and went to all the fairs and a few meet the chiefs. My experience at these events showed me that my professional prospects Permanently Circumscribed in this environment. When Spirit liquidates I will be in a much more competitive environment re hiring. I'll have about 3, 3.5k turbine time, three jet types (including A320) but very little PIC. I was close to upgrading here at Spirit but that won't be happening now that we will likely shrink continually until liquidation. So I am making sure to pick up as much flying as possible to maximize my income before liquidation occurs, sometime in 2025 or hopefully as late as 2026.
I always keep one year of expenses saved up for the event of an immediate job loss. Fortunately with this much forewarning I will have built that up to maybe two years or more of interest bearing cash before I am on the street.
I need to think about where I could realistically go when Spirit is liquidated. I am in the process of preparing applications to those B4 airlines I live near, but there are about 2100 captains ahead of me hear who I know will beat me out. Very high probability based on my prior experience with these events I will never receive any interest from these airlines. There are some regionals near me, and if they are still doing DEC programs by the time I am liquidated, they may be worth looking at.
So my question to you is this: Understanding that in this competitive environment that I may/will never solicit B4 interest, would I be competitive enough to go to Atlas/Kalitta/Fractional/Regional DEC, with at most 3.5k turbine ME and maybe 100 hours turbine PIC?
Without knowing those sectors, my plan is to maximize the peak earning years of my life until liquidation, and then finish up the MBA program I am in, and then look for work. Though the market for MBAs is very poor, I should have enough saved up that I could be under/unemployed for awhile without putting my family in distress. Just curious how competitive the other parts of the pilot world are before getting forced out to do something else.
Thanks!
#22
Gets Weekends Off
Joined APC: Oct 2015
Position: Gear slinger
Posts: 2,909
NK pilot with some questions for the tribal elders.
Spirit will soon be going into bankruptcy restructuring. Now they can't say that but of course, but they will eventually be driven best case into Chapter 11. Of course, my hope is they successfully restructure and life goes on.
But there is a high chance the creditors demand liquidation, and Ch11 becomes Ch7. That is where I need some advice.
My personal situation is that I was former military, and could not air refuel. I racked up several busts trying to do that, and got to do a fun thing called FNAEB where I had the opportunity to explore a future outside of the Navy prematurely.
Now in 2022 I was a regional pilot and went to all the fairs and a few meet the chiefs. My experience at these events showed me that my professional prospects Permanently Circumscribed in this environment. When Spirit liquidates I will be in a much more competitive environment re hiring. I'll have about 3, 3.5k turbine time, three jet types (including A320) but very little PIC. I was close to upgrading here at Spirit but that won't be happening now that we will likely shrink continually until liquidation. So I am making sure to pick up as much flying as possible to maximize my income before liquidation occurs, sometime in 2025 or hopefully as late as 2026.
I always keep one year of expenses saved up for the event of an immediate job loss. Fortunately with this much forewarning I will have built that up to maybe two years or more of interest bearing cash before I am on the street.
I need to think about where I could realistically go when Spirit is liquidated. I am in the process of preparing applications to those B4 airlines I live near, but there are about 2100 captains ahead of me hear who I know will beat me out. Very high probability based on my prior experience with these events I will never receive any interest from these airlines. There are some regionals near me, and if they are still doing DEC programs by the time I am liquidated, they may be worth looking at.
So my question to you is this: Understanding that in this competitive environment that I may/will never solicit B4 interest, would I be competitive enough to go to Atlas/Kalitta/Fractional/Regional DEC, with at most 3.5k turbine ME and maybe 100 hours turbine PIC?
Without knowing those sectors, my plan is to maximize the peak earning years of my life until liquidation, and then finish up the MBA program I am in, and then look for work. Though the market for MBAs is very poor, I should have enough saved up that I could be under/unemployed for awhile without putting my family in distress. Just curious how competitive the other parts of the pilot world are before getting forced out to do something else.
Thanks!
Spirit will soon be going into bankruptcy restructuring. Now they can't say that but of course, but they will eventually be driven best case into Chapter 11. Of course, my hope is they successfully restructure and life goes on.
But there is a high chance the creditors demand liquidation, and Ch11 becomes Ch7. That is where I need some advice.
My personal situation is that I was former military, and could not air refuel. I racked up several busts trying to do that, and got to do a fun thing called FNAEB where I had the opportunity to explore a future outside of the Navy prematurely.
Now in 2022 I was a regional pilot and went to all the fairs and a few meet the chiefs. My experience at these events showed me that my professional prospects Permanently Circumscribed in this environment. When Spirit liquidates I will be in a much more competitive environment re hiring. I'll have about 3, 3.5k turbine time, three jet types (including A320) but very little PIC. I was close to upgrading here at Spirit but that won't be happening now that we will likely shrink continually until liquidation. So I am making sure to pick up as much flying as possible to maximize my income before liquidation occurs, sometime in 2025 or hopefully as late as 2026.
I always keep one year of expenses saved up for the event of an immediate job loss. Fortunately with this much forewarning I will have built that up to maybe two years or more of interest bearing cash before I am on the street.
I need to think about where I could realistically go when Spirit is liquidated. I am in the process of preparing applications to those B4 airlines I live near, but there are about 2100 captains ahead of me hear who I know will beat me out. Very high probability based on my prior experience with these events I will never receive any interest from these airlines. There are some regionals near me, and if they are still doing DEC programs by the time I am liquidated, they may be worth looking at.
So my question to you is this: Understanding that in this competitive environment that I may/will never solicit B4 interest, would I be competitive enough to go to Atlas/Kalitta/Fractional/Regional DEC, with at most 3.5k turbine ME and maybe 100 hours turbine PIC?
Without knowing those sectors, my plan is to maximize the peak earning years of my life until liquidation, and then finish up the MBA program I am in, and then look for work. Though the market for MBAs is very poor, I should have enough saved up that I could be under/unemployed for awhile without putting my family in distress. Just curious how competitive the other parts of the pilot world are before getting forced out to do something else.
Thanks!
A Step down to an regional/ACMI/135 could be beneficial to beef up your resume, but those should be your last resort instead of your first step.
#23
Gets Weekends Off
Joined APC: Mar 2023
Posts: 254
NK pilot with some questions for the tribal elders.
Spirit will soon be going into bankruptcy restructuring. Now they can't say that but of course, but they will eventually be driven best case into Chapter 11. Of course, my hope is they successfully restructure and life goes on.
But there is a high chance the creditors demand liquidation, and Ch11 becomes Ch7. That is where I need some advice.
My personal situation is that I was former military, and could not air refuel. I racked up several busts trying to do that, and got to do a fun thing called FNAEB where I had the opportunity to explore a future outside of the Navy prematurely.
Now in 2022 I was a regional pilot and went to all the fairs and a few meet the chiefs. My experience at these events showed me that my professional prospects Permanently Circumscribed in this environment. When Spirit liquidates I will be in a much more competitive environment re hiring. I'll have about 3, 3.5k turbine time, three jet types (including A320) but very little PIC. I was close to upgrading here at Spirit but that won't be happening now that we will likely shrink continually until liquidation. So I am making sure to pick up as much flying as possible to maximize my income before liquidation occurs, sometime in 2025 or hopefully as late as 2026.
I always keep one year of expenses saved up for the event of an immediate job loss. Fortunately with this much forewarning I will have built that up to maybe two years or more of interest bearing cash before I am on the street.
I need to think about where I could realistically go when Spirit is liquidated. I am in the process of preparing applications to those B4 airlines I live near, but there are about 2100 captains ahead of me hear who I know will beat me out. Very high probability based on my prior experience with these events I will never receive any interest from these airlines. There are some regionals near me, and if they are still doing DEC programs by the time I am liquidated, they may be worth looking at.
So my question to you is this: Understanding that in this competitive environment that I may/will never solicit B4 interest, would I be competitive enough to go to Atlas/Kalitta/Fractional/Regional DEC, with at most 3.5k turbine ME and maybe 100 hours turbine PIC?
Without knowing those sectors, my plan is to maximize the peak earning years of my life until liquidation, and then finish up the MBA program I am in, and then look for work. Though the market for MBAs is very poor, I should have enough saved up that I could be under/unemployed for awhile without putting my family in distress. Just curious how competitive the other parts of the pilot world are before getting forced out to do something else.
Thanks!
Spirit will soon be going into bankruptcy restructuring. Now they can't say that but of course, but they will eventually be driven best case into Chapter 11. Of course, my hope is they successfully restructure and life goes on.
But there is a high chance the creditors demand liquidation, and Ch11 becomes Ch7. That is where I need some advice.
My personal situation is that I was former military, and could not air refuel. I racked up several busts trying to do that, and got to do a fun thing called FNAEB where I had the opportunity to explore a future outside of the Navy prematurely.
Now in 2022 I was a regional pilot and went to all the fairs and a few meet the chiefs. My experience at these events showed me that my professional prospects Permanently Circumscribed in this environment. When Spirit liquidates I will be in a much more competitive environment re hiring. I'll have about 3, 3.5k turbine time, three jet types (including A320) but very little PIC. I was close to upgrading here at Spirit but that won't be happening now that we will likely shrink continually until liquidation. So I am making sure to pick up as much flying as possible to maximize my income before liquidation occurs, sometime in 2025 or hopefully as late as 2026.
I always keep one year of expenses saved up for the event of an immediate job loss. Fortunately with this much forewarning I will have built that up to maybe two years or more of interest bearing cash before I am on the street.
I need to think about where I could realistically go when Spirit is liquidated. I am in the process of preparing applications to those B4 airlines I live near, but there are about 2100 captains ahead of me hear who I know will beat me out. Very high probability based on my prior experience with these events I will never receive any interest from these airlines. There are some regionals near me, and if they are still doing DEC programs by the time I am liquidated, they may be worth looking at.
So my question to you is this: Understanding that in this competitive environment that I may/will never solicit B4 interest, would I be competitive enough to go to Atlas/Kalitta/Fractional/Regional DEC, with at most 3.5k turbine ME and maybe 100 hours turbine PIC?
Without knowing those sectors, my plan is to maximize the peak earning years of my life until liquidation, and then finish up the MBA program I am in, and then look for work. Though the market for MBAs is very poor, I should have enough saved up that I could be under/unemployed for awhile without putting my family in distress. Just curious how competitive the other parts of the pilot world are before getting forced out to do something else.
Thanks!
#28
Worth keeping in mind that Ch.11 is less predictable now than in 2007... you could end up in Ch.7 before you know what hit you.
#29
Gets Weekends Off
Joined APC: Jan 2024
Posts: 156
Lets say they go into Chapter 11. Don't think there's ever been a significant airline bankruptcy when the market for airframes was tight. What if the lessors have people willing to pay twice what spirit can? Chapter 11 doesn't works when all your vendors have better options than you.
#30
Gets Weekends Off
Joined APC: Mar 2017
Posts: 3,665
NK pilot with some questions for the tribal elders.
Spirit will soon be going into bankruptcy restructuring. Now they can't say that but of course, but they will eventually be driven best case into Chapter 11. Of course, my hope is they successfully restructure and life goes on.
But there is a high chance the creditors demand liquidation, and Ch11 becomes Ch7. That is where I need some advice.
My personal situation is that I was former military, and could not air refuel. I racked up several busts trying to do that, and got to do a fun thing called FNAEB where I had the opportunity to explore a future outside of the Navy prematurely.
Now in 2022 I was a regional pilot and went to all the fairs and a few meet the chiefs. My experience at these events showed me that my professional prospects Permanently Circumscribed in this environment. When Spirit liquidates I will be in a much more competitive environment re hiring. I'll have about 3, 3.5k turbine time, three jet types (including A320) but very little PIC. I was close to upgrading here at Spirit but that won't be happening now that we will likely shrink continually until liquidation. So I am making sure to pick up as much flying as possible to maximize my income before liquidation occurs, sometime in 2025 or hopefully as late as 2026.
I always keep one year of expenses saved up for the event of an immediate job loss. Fortunately with this much forewarning I will have built that up to maybe two years or more of interest bearing cash before I am on the street.
I need to think about where I could realistically go when Spirit is liquidated. I am in the process of preparing applications to those B4 airlines I live near, but there are about 2100 captains ahead of me hear who I know will beat me out. Very high probability based on my prior experience with these events I will never receive any interest from these airlines. There are some regionals near me, and if they are still doing DEC programs by the time I am liquidated, they may be worth looking at.
So my question to you is this: Understanding that in this competitive environment that I may/will never solicit B4 interest, would I be competitive enough to go to Atlas/Kalitta/Fractional/Regional DEC, with at most 3.5k turbine ME and maybe 100 hours turbine PIC?
Without knowing those sectors, my plan is to maximize the peak earning years of my life until liquidation, and then finish up the MBA program I am in, and then look for work. Though the market for MBAs is very poor, I should have enough saved up that I could be under/unemployed for awhile without putting my family in distress. Just curious how competitive the other parts of the pilot world are before getting forced out to do something else.
Thanks!
Spirit will soon be going into bankruptcy restructuring. Now they can't say that but of course, but they will eventually be driven best case into Chapter 11. Of course, my hope is they successfully restructure and life goes on.
But there is a high chance the creditors demand liquidation, and Ch11 becomes Ch7. That is where I need some advice.
My personal situation is that I was former military, and could not air refuel. I racked up several busts trying to do that, and got to do a fun thing called FNAEB where I had the opportunity to explore a future outside of the Navy prematurely.
Now in 2022 I was a regional pilot and went to all the fairs and a few meet the chiefs. My experience at these events showed me that my professional prospects Permanently Circumscribed in this environment. When Spirit liquidates I will be in a much more competitive environment re hiring. I'll have about 3, 3.5k turbine time, three jet types (including A320) but very little PIC. I was close to upgrading here at Spirit but that won't be happening now that we will likely shrink continually until liquidation. So I am making sure to pick up as much flying as possible to maximize my income before liquidation occurs, sometime in 2025 or hopefully as late as 2026.
I always keep one year of expenses saved up for the event of an immediate job loss. Fortunately with this much forewarning I will have built that up to maybe two years or more of interest bearing cash before I am on the street.
I need to think about where I could realistically go when Spirit is liquidated. I am in the process of preparing applications to those B4 airlines I live near, but there are about 2100 captains ahead of me hear who I know will beat me out. Very high probability based on my prior experience with these events I will never receive any interest from these airlines. There are some regionals near me, and if they are still doing DEC programs by the time I am liquidated, they may be worth looking at.
So my question to you is this: Understanding that in this competitive environment that I may/will never solicit B4 interest, would I be competitive enough to go to Atlas/Kalitta/Fractional/Regional DEC, with at most 3.5k turbine ME and maybe 100 hours turbine PIC?
Without knowing those sectors, my plan is to maximize the peak earning years of my life until liquidation, and then finish up the MBA program I am in, and then look for work. Though the market for MBAs is very poor, I should have enough saved up that I could be under/unemployed for awhile without putting my family in distress. Just curious how competitive the other parts of the pilot world are before getting forced out to do something else.
Thanks!
There is ZERO reason to wait as you can always turn a yes down if you think things warrant staying at NK.
Seriously, now is the time to get the interviews lined up.
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