Eagle News
#352
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This has already gone to an arbitrator. AMR claims that they had a "secret verbal agreement" with Bombardier to keep the options open. The arbitrator ruled that 22 of the options were indeed still valid even though they were "secret" and "verbal" and AMR had a duty to tell the APA yet intentionally did not. No penalty to the company, of course.
Bottom line is 22 options still available to exercise.
One can draw their own conclusions about the truthfulness of the "secret verbal" deal worth in the hundreds of million of dollars and the arbitrator's "motivation" for ruling as he did. I know what I think.
Bottom line is 22 options still available to exercise.
One can draw their own conclusions about the truthfulness of the "secret verbal" deal worth in the hundreds of million of dollars and the arbitrator's "motivation" for ruling as he did. I know what I think.
One should apply the above two previous lessons to the future scope issue of mixed-class 76-seaters for AA feeders, so one doesn't have a coronary when once again, the interests of big business prevail.
#353
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#354
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From: Reclined
Again, the arbiration was between AMR and the APA. The issue under dispute was, did AMR still have the right per their agreement with the APA to exercise CRJ options. There was NO requirement that AMR PROVE they still even had any CRJ option contracts left, it was only to determine if AMR was still allowed to buy them ASSUMING they still had an option contract....
so, I repeat, find me a case of an option contract going for over 6 years without being exercised or bought back in, each of which would show as a line item on their expendatures...
This was about keeping the APA in fear of Eagle getting more "big jets" especially while AMR and APA are still in contract negotiations....
Lastly, the section of the APA contract detailing the exact percentage of flying that can be outsourced to regionals is still valid, and is one of the primary reasons Eagle began to shrink last year into this year. As AA is continuing to shrink, it would be impossible to "grow" Eagle beyond the fixed percentage. AMR has announced furthe reductions are expected in all flying in their most recent stockholders report...
Stop drinking the Koolaid, there are no CRJ options left, BUT since NOBODY has ever seen them, AMR could always pull some behind the scenes BS to obtain CRJ positions and claim they were their optioned positions, and prove otherwise....
It also would be cheaper to put the 135's back in sevice since they are paid for, or increase the usage on the 50 seat 145's. Frequency has been reduced to the point where flights are pretty full again... so they could easily add a few more 145 flights with existing airframes. So, run a paid for 135 full, or a financed CRJ half full, to 3/4 full... and have the expense of the second flight attendant with full benefits... if those last 20 seats aren't always filled, the extra expenses don't justify new planes.
#355
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From: Reclined
The 22 CRJ options DO exist and apparently Bombardier wants AMR Eagle to come up with 15% for financing. Not sure if that has happened yet, but some say yes and some say no. El Presidente wants them and has been trying to get that financing, but I'll believe it when I see it.
Go read it again. The arbitrator ruled that in the contract dispute between AMR and the APA; that AMR has the right to exercise the CRJ options. The arbitrator did NOT rule if the option contract - between AMR and Bombardier - exists or not; and AMR has NEVER shown the "CRJ options" to anybody.
Those are the Facts. Sorry to bust your bubble.
#356
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From: Reclined
#357
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Go read it again. The arbitrator ruled that in the contract dispute between AMR and the APA; that AMR has the right to exercise the CRJ options. The arbitrator did NOT rule if the option contract - between AMR and Bombardier - exists or not; and AMR has NEVER shown the "CRJ options" to anybody.
Those are the Facts. Sorry to bust your bubble.
Those are the Facts. Sorry to bust your bubble.
Both Eagle management and the APA (unhappily) have acknowledged that AMR Eagle is free to acquire up to 22 more CRJ-700's.......that was the point that you attempted to refute (and failed). Feeble backpeddling and convoluted logic will not change that and it makes no difference if AMR "has" these options or "pulls something behind the scenes" to get them..................they CAN if they want.
Many of the 135's were intended to be parked, but were not and can still be. The ONLY thing stopping AMR Eagle is the financing. I'm sorry, but you've revealed YOUR "bubble" by your "sinking ship" wish, so anything Eagle related that comes off your keyboard is suspect at best and worthless at worst.
The bottom line (this IS AMR) is that Eagle is free to acquire those jets and THAT is the fact, which makes the remainder of your assertions on this subject meaningless propwash.
Last edited by eaglefly; 08-06-2009 at 09:30 AM.
#358
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There are much healthier ways of finding self-validation in life my friend then frequently going somewhere you feel people are beneath you, just so you can denegrate, attack and demoralize them and their existance to find personal satisfaction. Doing this only demonstrates a fundamental lack of self assurance.
Perhaps you should discuss this with a professional ?
Last edited by eaglefly; 08-06-2009 at 09:29 AM.
#359
I spoke to PB today and he says that the options are on hold to see if APA gives in on the 76 seat scope and use the financing for those planes rather than the 22 CRJs. If not or negotiations take too long they will settle for the CRJs.... No given timeframe.
#360
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The big tuna's in the inner circle of upper AMR are playing their cards very tight scope-wise and PB is most likely not on the "need to know" timeline and strategy wise. Even if he was, he'd not divulge any knowledge he has of either. The fact that these options are on "hold" should say something though, as well as the fact that our little sinking ship isn't foundering anywhere near like some hope it does.
Continue on with confidence, my shipmates and listen not to drunken scurvy dogs of other ships.
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