Pretty sure he was being sarcastic. Do you know what a scrub is?

 

Really, that's cool... Did you know that AMR was going to be returning some ATR even out of Bankruptcy but was still painting the ATRs, One of the first 2 ATRs returned last week had been painted just a few weeks prior. Got to love the sh!t people make up!

 

My retirement plan???

 

Yes I do know what a scrub is and I was being sarcastic right back.... No meanness intended... Gotta have fun with this stuff...

 

Just think of all the free food and drinks you can get by raiding the galley!

 

Fun? Never heard of that...

I'm a regional airline pilot.

 

Displacement results are out. Got about 50 FO's leaving the Miami base. Guess they are shrinking it to accommodate additional jet flying in Dallas.

 

That sounds like just a guess, that is a very small part, they over hired, over reacted to being short in the past, expected people to upgrade who now aren't, and were planning for people going to AA in the future. They also have not fully figured out what they want to do with the base. Also 11 of those about 50 were due to guys coming from above.

 

February looks painful for reserve in Miami. A whopping 36 hours of open time over 4 trips.

With 13 people on reserve it should prove to be very quiet.

TC

 

Last night AMR filled the 1110(b) extension, as we have talked about AMR had until today Jan 27th to reject or comply with the leases on the aircraft (60 days). For this extension to be granted the Creditor and AMR have to agree to continue in negotiations, this extension is for 30 days but it will self extend every 30 days as long as AMR and the creditors have agreed to it. Don't read to much into this as AMR has done this with most of the AA and AE fleet. AMR doesn't have DIP financing, they are calling the shots (don't have someone who is financing their CH11 telling them to hurry up) and have the first right at restructuring the corporation for the next 14 months.

*11109(b) Extension: Under §1110 of the United States Bankruptcy Code, which was enacted after the last major round of airline bankruptcies in the early 1990s, aircraft lessors were given the right to repossess their aircraft from bankrupt airlines if the leases were not brought current within 60 days, unless the deadline is ex- tended by mutual agreement (under §1110(b) of the Bankruptcy Code).

*Dip Financing Debtor-in-possession financing or DIP financing is a special form of financing provided for companies in financial distress or under Chapter 11 bankruptcy process. Usually, this security is more senior than debt, equity, and any other securities issued by a company. It gives a troubled company a new start, albeit under strict conditions.