American to sell wholly owned regionals?
#11
#12
Gets Weekends Off
Joined: Feb 2008
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It's possible that the FFD contracts (not the labor contracts) can be terminated upon sale.
That could be a useful clause for management, if the purpose of the sake is to reduce labor costs. AA could then hold a gun to the pilot group's head.... concessions or contract terminated, good luck on the openm market.
That could be a useful clause for management, if the purpose of the sake is to reduce labor costs. AA could then hold a gun to the pilot group's head.... concessions or contract terminated, good luck on the openm market.
#16
Eagle (when it was Eagle) was for sale in 2008, then again in 2010 when they wanted more concessions or you're being sold, then again in the bankruptcy more concessions, and even AFTER the bankruptcy they demanded more concessions under threat of being Comair II (since theyd run to the "for Sale" thing so often nobody believed it anymore. In that case, they did watch as EagleVoy went from 3200 pilots to 1800. It coincided with the increased mainline hiring everywhere, but they did NOTHING to stop the bleeding until late 2015 when they started giving back everything they took in December 2015, then continued until we ended up with $100k Fo's and $200k-$350k CA's...
You can expect a merger of the WO's down the road, they'll buy a few more of the smaller feed providers, they'll come up with the word American Connection for non-owned carriers and keep American Eagle for owned carriers. Heck, they may even buy Silver in bankruptcy and rebrand it executive (since AA still holds the operating certificate) and have them run a base in SJU again.....
AA doesn't do anything new, they have a 30-35 year cycle, then they repeat.
#17
and they'll staff the pilots with 1/3rd less pay how? SJS only goes so far. Once the Boeing, Airbus and Pratt issues are resolved the floodgates open again and they won't be staffing anything with 1/3rd less pay.
#18
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Joined: Jan 2022
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Because if 5000+ Eagle pilots are put on the street, yet a new Eagle carrier is created and hiring, you believe everyone of the pilots will refuse a job? What will you do go work at wal mart instead? They would have every seat filled immediately. Now would be the time to do it when LCCs are liquidating and there’s no where to go
#19
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Joined: Jan 2019
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From: Doggy
Because if 5000+ Eagle pilots are put on the street, yet a new Eagle carrier is created and hiring, you believe everyone of the pilots will refuse a job? What will you do go work at wal mart instead? They would have every seat filled immediately. Now would be the time to do it when LCCs are liquidating and there’s no where to go
GoJet style.
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