You could have people leaving for training, also I haven't seen an HI6 saying that OT is unblocked, but I am in DFW and we don't have airplanes. Also as you are aware they can still withhold trips (and they do) and then just assign them to a RSV pilot.

 

American Airlines’ Hiring of Bankruptcy Advisers Put on Hold - Businessweek


American Airlines’ Hiring of Bankruptcy Advisers Put on Hold

January 27, 2012, 4:47 PM EST

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By David McLaughlin and Mary Schlangenstein
(Updates with court hearing in second paragraph.)
Jan. 27 (Bloomberg) -- American Airlines parent AMR Corp.’s effort to hire a group of legal and financial advisers for its bankruptcy was put on hold amid objections from unions and the U.S. government.
U.S. Bankruptcy Judge Sean Lane in Manhattan today said he would approve retaining advisers including Rothschild Inc. and Perella Weinberg Partners LP only on a temporary basis, pending agreement from the U.S. Trustee. Fort Worth, Texas-based AMR said it planned to return to court later to seek final approval to hire the firms.
The U.S. Trustee, which monitors bankruptcy proceedings for the U.S. Justice Department, has objected to AMR’s plans to hire about a dozen firms to provide legal, labor, financial and other advice as it reorganizes. The U.S. Trustee claimed that AMR hasn’t shown it needs all the advisers, that there was a high potential for duplicate services and that some of them had possible conflicts of interest.
Employees at American Airlines and its American Eagle regional carrier objected to some firms, including Bain & Co. as strategic consultants for Eagle and SkyWorks Capital LLC as an aircraft restructuring adviser.
‘Some Issues’
The committee representing unsecured creditors also has “some issues” with the professional applications that it hopes to resolve with AMR, Jack Butler, an attorney for the panel said at the hearing.
Interim approval for the firms gives them the ability to seek court approval for monthly or hourly compensation, AMR’s bankruptcy attorney Harvey Miller said. It doesn’t cover other success and restructuring fees.
Rothschild’s compensation includes a so-called completion fee of $15 million in addition to a $200,000 monthly fee. AMR is scheduled to return to court next month for final approval of the advisers, according to court papers.
“They have no protection as to compensation,” Miller said at the hearing, referring to the advisers.
AMR, parent of the third-biggest U.S. airline, filed for bankruptcy protection on Nov. 29, saying it needed to reduce costs and restructure debts to compete with other carriers that used bankruptcy to shed pensions and retiree benefits and secure new labor agreements.
The company is financing its own operations during reorganization instead of bringing in an outside lender. AMR is using $4.1 billion in cash and short-term investments it held when it sought court protection.
AMR already has become the focus of possible takeover bids, with US Airways Group Inc. saying it has hired legal and financial advisers to assess a possible merger. Delta Air Lines Inc. and TPG Capital also are evaluating options for AMR, people familiar with the matter have said. Delta has Blackstone Group LP, two people have said.

 

I guess that means I get to keep my job for another month...

 

"Late Thursday, AMR, American Airlines , AMR Eagle, etc. filed papers in bankruptcy court asking for an extension of the time period for them to decide if they will keep or eliminate the 216 Embraer regional jets in American Eagle's fleet.

The filing was under Section 1110(b) of the federal bankruptcy code, which gives the aircraft operator more time to decide if it wants to retain the airplanes and work out an agreement with the aircraft owner, lender or lessor.

AMR and its subsidiaries have 60 days from time of the filing for Chapter 11 protection to elect to keep the airplanes and bring the payments up to date (Section 1110(a)), decide to give them back (Section 1110(c)) or ask for a time extension (Section 1110(b)).

Friday is the end of the 60-day period, based on the Nov. 29 Chapter 11 filing date.

By our count as of 7:45 p.m. CST Thursday, AMR/American has filed to retain 250 of its airplanes under 1110(a) provisions, and keep 106 aircraft with an extension of time under 1110(b). It has rejected 42 airplanes under 1110(c).

That is slightly less than two-thirds of the airplanes in American's fleet, so we'll see more filings before the end of the day Friday.

For American Eagle aircraft, AMR/American is holding onto the 216 Embraer regional jets and 39 ATR turboprop airplanes under 1110(b), plus 47 Bombardier regional jets under 1110(a)."

"Late Thursday, AMR, American Airlines , AMR Eagle, etc. filed papers in bankruptcy court asking for an extension of the time period for them to decide if they will keep or eliminate the 216 Embraer regional jets in American Eagle's fleet.

The filing was under Section 1110(b) of the federal bankruptcy code, which gives the aircraft operator more time to decide if it wants to retain the airplanes and work out an agreement with the aircraft owner, lender or lessor.

AMR and its subsidiaries have 60 days from time of the filing for Chapter 11 protection to elect to keep the airplanes and bring the payments up to date (Section 1110(a)), decide to give them back (Section 1110(c)) or ask for a time extension (Section 1110(b)).

Friday is the end of the 60-day period, based on the Nov. 29 Chapter 11 filing date.

By our count as of 7:45 p.m. CST Thursday, AMR/American has filed to retain 250 of its airplanes under 1110(a) provisions, and keep 106 aircraft with an extension of time under 1110(b). It has rejected 42 airplanes under 1110(c).

That is slightly less than two-thirds of the airplanes in American's fleet, so we'll see more filings before the end of the day Friday.

For American Eagle aircraft, AMR/American is holding onto the 216 Embraer regional jets and 39 ATR turboprop airplanes under 1110(b), plus 47 Bombardier regional jets under 1110(a)."


American Airlines hangs onto all 216 Embraers in American Eagle's fleet for a while longer | Airline Biz Blog | dallasnews.com

 

The only RJ's they've committed to are the 47 CRJ's. The others are still "under negotiation" under 1113(b), so they have NOT elected to keep all those aircraft.

More then likely, they need to find out how bad the APA is willing to cave on scope before they can sign replacement deals with Embraer for larger RJ's or with another manufacturer. Additionally, they first want ALPA to bend completely over BEFORE any new jets come their way and agree to fly them for ritz crackers or they'll dump all their jets. Confiriming more of the current fleets at either AA or AE simply gives labor more reason to resist deeper cuts and not walk so silently to the gas chamber.

 

Management will definitely desire for us to fly new planes for 'ritz crackers,' but they'll accept an industry average compensation.

 

.....adusted for industry average longevity. That part will most affect those whom are senior captains on 18 year scale or nearing that (or about 700 pilots).

Then again, since ALPA willingly gave critical scope away (I can't think of anything more important), who knows what they'd give away next ?

Besides, the real pressure going forward won't be compensation, it will be jobs (AKA "a share of the pie"), if a likely merger comes to fruition. AMR (or whomever) will almost certainly create a situation where there aren't enough deck chairs and those who want one..........well, may just have to be willing to work for ritz.

The shiny new jets will go to those who want them desperately enough to be the cheapest bidder.

 

You must not have any friends working any other job in this country?? Or know anyone at all?? You must just hangout with mainline pilots who hangout with mainline pilots all of which never got any real education in anything besides airplanes. Your soap box works great on the internet, gets mixed reviews in the crew room, and gets no sympathy among non pilots. You must be living in a damn bubble. Its not 99. You also must go around saying the USA will shine again, this is just another down term in the economy, and a war in Iran is a no brainier.

 

You don't have much room to talk about someone else's education considering your grammar skills are on a 5th grade level.

 

AA to Cut Up to 15,000 Jobs | NBC 5 Dallas-Fort Worth

Man I REALLY didnt see this coming.... I love how we are the last to know...