Hiring Resuming
01-17-2021 | 03:22 PM
#51
Gets Weekends Off
Joined: May 2018
Posts: 117
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Are you still getting Envoy transfers? I honestly don't know how many we lost at once- they were in the process of being phased out so I don't know how many we officially had on property.
01-17-2021 | 03:28 PM
#52
Gets Weekends Off
Joined: Apr 2020
Posts: 264
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I hope this is the beginning for more flying for the WO carriers.
01-17-2021 | 04:27 PM
#53
Line Holder
Joined: Aug 2020
Posts: 53
Likes: 0
This is from the email sent
“The initial phase will welcome candidates that have reached eligibility for classes starting in February from our pathway programs and those that we had previously extended conditional offers to prior to pausing our recruitment efforts.”
I’ve heard cadets with the time will get priority, but I don’t know that number. Can’t imagine too many. When they shut down the cadet program that was one of the incentives to stay on as a cadet that you would get priority over off the street hires if you meet the mins. If you have a CJO probably depends on when you got it. I’m sure they are working down the list to see who is interested.
“The initial phase will welcome candidates that have reached eligibility for classes starting in February from our pathway programs and those that we had previously extended conditional offers to prior to pausing our recruitment efforts.”
I’ve heard cadets with the time will get priority, but I don’t know that number. Can’t imagine too many. When they shut down the cadet program that was one of the incentives to stay on as a cadet that you would get priority over off the street hires if you meet the mins. If you have a CJO probably depends on when you got it. I’m sure they are working down the list to see who is interested.
I had a class date last August. I haven’t received an email yet.
Sent from my iPhone using Tapatalk
01-17-2021 | 05:09 PM
#54
Gets Weekends Off
Joined: Apr 2015
Posts: 2,923
Likes: 95
I am sure a lot of the recall guys have taken the recall with plans to resign prior to their training date of LOAs aren’t offered. I know quite who are in that boat. I know know quite a few guys who have called it quits as well (they already have another source of income). Then you have attrition from folks who have moved on to ACMI or other Gigs as well.
01-17-2021 | 05:41 PM
#55
Line Holder
Joined: Oct 2018
Posts: 30
Likes: 0
I am sure a lot of the recall guys have taken the recall with plans to resign prior to their training date of LOAs aren’t offered. I know quite who are in that boat. I know know quite a few guys who have called it quits as well (they already have another source of income). Then you have attrition from folks who have moved on to ACMI or other Gigs as well.
01-17-2021 | 06:32 PM
#56
Gets Weekends Off
Joined: Feb 2012
Posts: 4,601
Likes: 0
From: CRJ FO
Everyone worried about recalls and here I am curious to know what AA’s cash burn is down to... We’ll know on the 28th. Last I heard it was still close to $30M /day. If true they’ll have until sometime later this year before their creditors push them to Chapter 11.
01-17-2021 | 08:09 PM
#57
Gets Weekends Off
Joined: Apr 2015
Posts: 2,923
Likes: 95
Everyone worried about recalls and here I am curious to know what AA’s cash burn is down to... We’ll know on the 28th. Last I heard it was still close to $30M /day. If true they’ll have until sometime later this year before their creditors push them to Chapter 11.
01-18-2021 | 02:37 AM
#58
Gets Weekends Off
Joined: Feb 2014
Posts: 354
Likes: 0
Everyone worried about recalls and here I am curious to know what AA’s cash burn is down to... We’ll know on the 28th. Last I heard it was still close to $30M /day. If true they’ll have until sometime later this year before their creditors push them to Chapter 11.
01-18-2021 | 03:01 AM
#59
Gets Weekends Off
Joined: Feb 2012
Posts: 4,601
Likes: 0
From: CRJ FO
lmao ya its in the creditors best interest to have AAG declare bankruptcy. What creditors? Airbus and Boring? What are they gonna do with 800 planes. Idk if you’ve looked around but planes aren’t going for much these days. The creditors want AAG to survive so that they have guaranteed income. If AAG goes bankrupt do you think they’ll be dancing and cheering at losing out on money?
Bankruptcy is likely sooner or later anyway. They’ll have well over $40B in debt coming out of this. Their most profitable year they earned a little over $2B. We won’t see profitability like that for several years and in the meantime they have a lot of expensive debt to service. We’re still in the beginning of this whole event from a historical industry perspective. This is the 4th inning and there are 5 more to go.
01-18-2021 | 03:54 AM
#60
Line Holder
Joined: Feb 2019
Posts: 200
Likes: 1
What are you even babbling on about? Chapter 11 doesn’t mean they sell off airplanes and assets. You’re thinking of Chapter 7. And yes, IF it is in the best interest of the creditors and bond holders for AA to go into bankruptcy then that’s what they’ll do. There are benefits to bankruptcy for AA too. Namely the ability to reduce cash burn.
Bankruptcy is likely sooner or later anyway. They’ll have well over $40B in debt coming out of this. Their most profitable year they earned a little over $2B. We won’t see profitability like that for several years and in the meantime they have a lot of expensive debt to service. We’re still in the beginning of this whole event from a historical industry perspective. This is the 4th inning and there are 5 more to go.
Bankruptcy is likely sooner or later anyway. They’ll have well over $40B in debt coming out of this. Their most profitable year they earned a little over $2B. We won’t see profitability like that for several years and in the meantime they have a lot of expensive debt to service. We’re still in the beginning of this whole event from a historical industry perspective. This is the 4th inning and there are 5 more to go.
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