Great Lakes' Part 135 plan
04-02-2014, 10:31 AM
#511
Gets Weekends Off
Joined APC: Mar 2008
Position: FAA 'Flight Check'
Posts: 13,837
Originally Posted by zondaracer
Unfortunately, I know a handful of guys who aren't anywhere near 1500TT and don't want to instruct and view GL as their way to bypass the new ATP rule.
04-02-2014, 10:53 AM
#512
Moderator
Joined APC: May 2006
Position: ATP, CFI etc.
Posts: 6,056
That SEC filing just says they are going to be late with their SEC forms and it does not mean they are bankrupt. I find it interesting the same filing mentions their Part 135 ticket as an existing approval, which is the first solid evidence I have seen they actually got it.
04-02-2014, 11:02 AM
#513
Gets Weekends Off
Joined APC: Feb 2005
Posts: 495
Originally Posted by Cubdriver
That SEC filing just says they are going to be late with their SEC forms and it does not mean they are bankrupt. I find it interesting the same filing mentions their Part 135 ticket as an existing approval, which is the first solid evidence I have seen they actually got it.
Until the Company is able to re-staff qualified pilots, in sufficient quantity, it is expected that the Company will not have sufficient forecasted liquidity to service our existing debt obligations which raises substantial doubt on the Company’s ability to continue as a going concern.
04-02-2014, 11:03 AM
#514
Gets Weekends Off
Joined APC: Apr 2012
Position: ERJ
Posts: 383
Originally Posted by zondaracer
Unfortunately, I know a handful of guys who aren't anywhere near 1500TT and don't want to instruct and view GL as their way to bypass the new ATP rule.
04-02-2014, 11:10 AM
#515
Banned
Joined APC: Nov 2008
Position: doggy style
Posts: 1,006
Originally Posted by Apokleros
I don't care what the pay is, it's what I'm making right now as a CFI anyway....
"Oh, I'll take that $16/hr regional job. I don't care what the pay is, I just want to build my time for that E170 job."
"Oh, I'll take that $22/hr regional job. I don't care what the pay is, I just want to build my time for that mainline 737 job."
We've all been guilty of it at one point, but going to GLA is the lowest of lows. That place deserves to go out of business for their sleazy treatment of pilots. There is no excuse paying an FO $16/hr or a capt $27/hr.
04-02-2014, 11:19 AM
#516
Gets Weekends Off
Joined APC: Feb 2005
Posts: 495
Originally Posted by Apokleros
Sounds like me. I hate instructing, and am looking at Great Mistakes as a way to build time fast so that I can move on to a better regional. Am I crazy for considering this? I don't care what the pay is, it's what I'm making right now as a CFI anyway....
Have some respect for yourself and the industry. By signing a training contract and working for absolute crap pay under abusive conditions you are devaluing your worth and condoning these working conditions. Also keep in mind companies like GLA have very high checkride failure rates and will hang you out to dry in any encounter with the FAA. It's a risky environment in which to fly.
Be patient and let a good job come to you.
04-02-2014, 06:35 PM
#519
Moderator
Joined APC: May 2006
Position: ATP, CFI etc.
Posts: 6,056
Originally Posted by Sr. Barco
Well this is a fairly powerful statement:
Until the Company is able to re-staff qualified pilots, in sufficient quantity, it is expected that the Company will not have sufficient forecasted liquidity to service our existing debt obligations which raises substantial doubt on the Company’s ability to continue as a going concern.
Until the Company is able to re-staff qualified pilots, in sufficient quantity, it is expected that the Company will not have sufficient forecasted liquidity to service our existing debt obligations which raises substantial doubt on the Company’s ability to continue as a going concern.
04-02-2014, 06:49 PM
#520
Gets Weekends Off
Joined APC: Feb 2005
Posts: 495
Originally Posted by Cubdriver
If it were up to me this company would stop abusing pilots and possibly even go away, but it's not my call and the markets (plus FAA) allow it.
Thread
Thread Starter
Forum
Replies
Last Post
