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Old 02-04-2012 | 09:01 AM
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Originally Posted by Fishfreighter
While this is completely true with VX, it is also true in the airline pilot career in general. I know a 20 year CA at Midwest who is now an FAA ACI.

The problem at VX is unless they start making money (AND SOON) no amount of Kool-Aid fueled fantasy will save these jobs.
FAA ACI? Never heard of it...?
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Old 02-04-2012 | 09:06 AM
  #82  
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Originally Posted by Fishfreighter
While this is completely true with VX, it is also true in the airline pilot career in general. I know a 20 year CA at Midwest who is now an FAA ACI.

The problem at VX is unless they start making money (AND SOON) no amount of Kool-Aid fueled fantasy will save these jobs.
Fish wow I do agree with ya on this one. " But " one thing to remember is they might be making money they are not a publicly traded company as of yet so they could be funneling the money in the direction they want, paying off investors ,planes ext. and show a loss. My understanding is they are preparing for a IPO and if and when that happens every one will know exactly were all the money loss or profit is.

On my company forum LUAL/LCAL someone posted they just go a raise and the overall dollar an hour figure is much better then ours the benefits are still in the tank. It is a start in the right direction. Who knows maybe in a couple years if they make it they might be a great place with benefits we will see.
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Old 02-04-2012 | 09:08 AM
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Originally Posted by Short Bus Drive
FAA ACI? Never heard of it...?
FAA Air Carrier Inspector. You know the guys that show up to ride the jumpseat occasionally.
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Old 02-04-2012 | 09:14 AM
  #84  
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Originally Posted by Fishfreighter
FAA Air Carrier Inspector. You know the guys that show up to ride the jumpseat occasionally.
Ahhhh, ASI. Aviation Safety Inspector. (Air Carrier Operations). Sorry, had to bust chops...
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Old 02-06-2012 | 08:54 AM
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Originally Posted by teedog
My understanding is they are preparing for a IPO and if and when that happens every one will know exactly were all the money loss or profit is.
A Virgin America IPO would be very interesting if it ever happens. Does anyone have a realistic idea of when?
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Old 02-06-2012 | 09:20 AM
  #86  
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Originally Posted by teedog
Fish wow I do agree with ya on this one. " But " one thing to remember is they might be making money they are not a publicly traded company as of yet so they could be funneling the money in the direction they want, paying off investors ,planes ext. and show a loss. My understanding is they are preparing for a IPO and if and when that happens every one will know exactly were all the money loss or profit is.
Yes, because there is no better way to drum up investor interest in an IPO than to show a loss, when you could be posting profits...
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Old 02-06-2012 | 10:07 AM
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Originally Posted by IQuitEagle
Yes, because there is no better way to drum up investor interest in an IPO than to show a loss, when you could be posting profits...
QuitEagle

Well, one you are right but on the other hand you are wrong. If the company wants to keep a completive edge keep showing a loss that way your competitors would leave you alone. From what I understand on the IPO is they only have to show a 4 quarter profit so that would put the IPO at 2015 first quarter and that is only if they show the profit. Who knows we will see
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Old 02-06-2012 | 11:29 AM
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Originally Posted by teedog
QuitEagle

Well, one you are right but on the other hand you are wrong. If the company wants to keep a completive edge keep showing a loss that way your competitors would leave you alone. From what I understand on the IPO is they only have to show a 4 quarter profit so that would put the IPO at 2015 first quarter and that is only if they show the profit. Who knows we will see
So what you're implying is that they're cooking the books, is that correct?

That IS reassuring!

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Old 02-07-2012 | 09:30 AM
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Originally Posted by Golden Bear
So what you're implying is that they're cooking the books, is that correct?

That IS reassuring!



No not cooking the books but they are not required to disclose how they spend the money, If they pay off investors faster or planes. That can be shown as a loss. The airlines show this as a write off when they show the public it can take away from profit to help on taxes. Once again not publicly traded so they don't have to show were all the money is spent. One other thing they are not required to tell us anything at all until they IPO.

If they are paying off the investors or planes its a win for the airline lowers cost when they go public.

But then again they could just be completely loosing money and be living on borrowed time.
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