Delta Recalls Another 200 Pilots
11-29-2006, 10:42 AM
#1
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Delta Recalls Another 200 Pilots
Delta Recalls Another 200 Pilots
ATLANTA (AP) -- Delta Air Lines is recalling another 200 pilots currently on furlough as it continues its international expansion and plans to acquire new aircraft.
Delta, which is operating under bankruptcy protection, said today that it will recall the pilots next year.
That would be on top of roughly 250 previously furloughed pilots that have been recalled since June 2005,.
The Atlanta-based company said there are about 360 pilots currently on furlough.
Delta said it has new flying opportunities due to its international expansion and planned acquisition of 13 Boeing 757 aircraft.
The airline also has been recalling maintenance workers and flight attendants to support its operations.
Delta hopes to emerge from Chapter Eleven in the first half of next year as a standalone company. The carrier faces a hostile bid by US Airways to buy it in a deal now valued at $8.5 billion.
(Copyright 2006, The Associated Press. All Rights Reserved.)
ATLANTA (AP) -- Delta Air Lines is recalling another 200 pilots currently on furlough as it continues its international expansion and plans to acquire new aircraft.
Delta, which is operating under bankruptcy protection, said today that it will recall the pilots next year.
That would be on top of roughly 250 previously furloughed pilots that have been recalled since June 2005,.
The Atlanta-based company said there are about 360 pilots currently on furlough.
Delta said it has new flying opportunities due to its international expansion and planned acquisition of 13 Boeing 757 aircraft.
The airline also has been recalling maintenance workers and flight attendants to support its operations.
Delta hopes to emerge from Chapter Eleven in the first half of next year as a standalone company. The carrier faces a hostile bid by US Airways to buy it in a deal now valued at $8.5 billion.
(Copyright 2006, The Associated Press. All Rights Reserved.)
11-29-2006, 04:24 PM
#3
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Originally Posted by B757200ER
So, bankrupt DL recalls almost ALL pilots since 9-11; AA hasn't recalled a SINGLE pilot since 9-11. What a bunch of losers.
11-29-2006, 04:51 PM
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Delta's in bankruptcy, that's what gives. They got to void their contracts which is allowing them to recall at less $, and they don't have to pay the bills until the emerge, which I'm sure management is postponing as long as possible to pump up their bonus' for leading the company through and out of chapter 11. I think the whole bankruptcy deal was just to renegotiate all their contracts and debt, as I am not sure how a broke company can purchase 13 new jets and expand? Plus there announced expansion is taking on the LCC's head to head....
If I was a Delta creditor, I'd vote for the USAirways buyout - at least I know I'll get some of my investment back. Not sure if that plan is better for the pilots or not though.
If I was a Delta creditor, I'd vote for the USAirways buyout - at least I know I'll get some of my investment back. Not sure if that plan is better for the pilots or not though.
11-29-2006, 06:24 PM
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Originally Posted by Spongebob
I am not sure how a broke company can purchase 13 new jets and expand?
Just like in personal bankruptcy...you declare it; it's approved and after a year or two the credit card companies, car dealerships, mortgage companies start calling again to offer you all kinds of credit.
atp
11-30-2006, 02:20 AM
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Originally Posted by Spongebob
Delta's in bankruptcy, that's what gives. They got to void their contracts which is allowing them to recall at less $, and they don't have to pay the bills until the emerge, which I'm sure management is postponing as long as possible to pump up their bonus' for leading the company through and out of chapter 11.
I think the whole bankruptcy deal was just to renegotiate all their contracts and debt, as I am not sure how a broke company can purchase 13 new jets and expand?
Plus there announced expansion is taking on the LCC's head to head....
If I was a Delta creditor, I'd vote for the USAirways buyout - at least I know I'll get some of my investment back.
Not sure if that plan is better for the pilots or not though.
Wrong. No pilot contracts were voided at Delta. DAL is flying 80% loads and needs more pilots. A new hire staff is assembling and will begin the process this spring.
Correct. Bankrupcty is for renegotiating debt. The 15 B-757's are leased, not purchased. The creditor's committee was asked and approved the deal.
NOT. For better or worse, DAL is expanding overseas, not head to head with the LCC's.
Investments are about risk and return. IF the creditors decide that they can make more money by rejecting the USAIR deal, then they will.
The USAIR hostile takeover plan will not benefit either pilot group as a whole.
11-30-2006, 08:14 AM
#8
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There is a very good reason why its called a hostile take over. Delta Pilots will not fair well at all. All you need do is look at the AA-TWA merger and it wasn't hostile but you will never convince TWA Pilots it wasn't.
11-30-2006, 08:26 AM
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Originally Posted by B757200ER
So, bankrupt DL recalls almost ALL pilots since 9-11; AA hasn't recalled a SINGLE pilot since 9-11. What a bunch of losers.
You sure seem to harbor a grudge against AA or AA pilots, every time their is an AA thread, you seem to have something unconstructive to say. Guessing you're ex- TWA?
11-30-2006, 08:41 AM
#10
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Here's your synergies for the merger.
Todays USA Today.
I'm pretty sure he's not just talking about vendors and lease contracts.
I bet Parker already has his judges picked out.
US Airways CEO Doug Parker says the deal makes sense only if it can close while Delta is still in bankruptcy court, where it can reject or amend contracts
I'm pretty sure he's not just talking about vendors and lease contracts.
I bet Parker already has his judges picked out.
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