I thought negotiations for AE were up in 2013? What could the company possibly want us to give up? I'm still an FNG, but we don't even get 100% DH pay, while there are a few other regionals out there that do. We were industry leading in pay, now we're just standard.

Someone said there are a couple RFPs out there we're working on. One company has the planes, and all AE has to do is supply the pilots (which is what AE will be doing if divested anyways), and the other company says buy the planes and give us a price. With what money can AE purchase aircraft?

 

You mean we are going to supply "expensive" pilots to someone. Also AE contract is amendable in 2013, a year when with the way things are shaping up there will be the most movement we've had in the industry in the last decade. So AMR wants to extend the current "industry standard" contract. If we are spun off we will not own airplanes, we will just have pilots that are qualified in ATR, ERJ and CRJ 700. There aren't any ATR out there, the other ERJ are at TSA and XJT (for the most part) So that leaves us with CRJ 700. To fly any other airplanes we would have to create a new training program and this would take time and allot of money, not to mention the manpower that it would require to have additional check airman and instructors. We are already struggling to man the flying we have, how could we pick up more flying. Yea we can park airplanes that we fly for AMR so we can then fly for someone else. The sky is not falling but AMR is bad shape moving forward and it's desperate times for the leaders of AMR, so desperate moves might be ahead.

 

Once they file BK the share holders are the last to get paid if any money is left when they auction off all the assets. The creditors are 1st to get paid, then the bond holders, and last the share holders. Which is why you are seeing a lot of guys putting in for early retirement. Once they file BK the stock becomes worthless and the employees and all AMR stock holders who own the stock loose all their money.

 

You are making WAY too many assumptions. Auctioning of assets occurs as the end game if a Chapter 7 liquidation. AA's BK path would almost certainly be a Chapter 11 reorganization and probably a pre-packaged (self-financed) one at that. Yes, common shareholders stock would likely become worthless (almost there now anyway) and some assets MAY be disposed of.

 

This thread is looking now like Eagle Lounge.... Bah! :@

 

He was asking the difference. We all know it would be Chapter 11 so plan on the whipsaw to began. But share holder still loose everything in a chapter 11as well.

 

So why would they want a divestiture?

 

So either the share holders lose lots of money on the AMR stock, with AE attached, or they lose lots and lots of money after the divest. One of these options makes more sense than the other, and I'm starting to believe that the sell off is a hoax.

 

Class October 10. Notified today.

 

From a friend who started class today:

39 people, all ERJ

2 SJU
5 JFK
15 ORD
17 MIA

...like I said this is from a friend so if anyone from the class has an update please provide.