AMR "very close to divesting Eagle"
 

AMR Board May Be Near Decision on Eagle Sale, Union Says - Bloomberg


Skywest?

ooooh! im so scared! ;)

Oh crap. That's exactly what we need...not.

I feel sorry for the company that buys Eagle..haha

What is to stop one major carrier from buying a wholey owned of another major carrier and disolving that flying to financially hurt their business and offer gains to their own company?

The purchase would have to be mutually agreed upon, and there would be a contract guaranteeing a certain amount of flying typically, as well as certain escape clauses.

I think that would be like cutting off your nose to spite the face. I believe anyone making a purchase of Eagle would want a return on that investment. That would require Eagle continuing to fly...for American, or whoever.

Republic. All signs point to Bedford.

Well that didn't take long!

Honestly, does anybody see AMR just selling Eagle to anybody? The Eagle brand is too closely associated with Ameican and everybody knows that including AMR.

As such they would be very cautious about letting it become just another Colgan or Mesa.

Then again nothing would suprise me at this point.

I wouldnt be surprised to see his mark on this whole thing.

AMR spins off Eagle to existing AMR shareholders and then the new Eagle company buys the Shuttle America and Chautauqua certificates from BB leaving him with the Republic cert and his Frontier operations.

Eagle gets a turnkey E170/175/190? certificate and instant contract feed agreements with several other legacies while jumping into either 2nd or 3rd place in the largest regional carrier game.

I am trying to decide if this is a fantasy or a delusion...

It's actually very plausible. Especially if ( and that is a big if) BB gets his hands on Eagle.

Again, this is all speculation. For all we know AMR may be doing their best at this point to hang on to Eagle.

Why is it that everyone thinks that if Eagle is divested it is going to be an airline that buys them? I highly doubt that any airline would buy Eagle for many reasons, the same reasons that AMR wants to sell Eagle.

Odds are it will be private firm that buys Eagle, maybe an investment company.

Hmmmm....
 

Like Oak Hill, perhaps? They recently added Robert Crandall to Southern's BOD.

It has been said publicly several times from the company and union that nobody is interested in purchasing us (other airlines or private equity) and the most likely path of divestiture would be to spin eagle off to existing AMR shareholders.

Ex: every AMR shareholder would get 1 share of Eagle company stock for every 3 shares of AMR they currently own.

Not really either, just thinking how Eagle could realistically be separated from AMR and survive in the regional industry. We would have a hard time doing it on our own without any existing relationships with other legacy carriers. Buying Shuttle America and CHQ would be like buying a membership to the regional players club.

I also think it is fishy we haven't heard anything about the RAH seniority list integration. Something happening behind the scenes so that the certificates can all remain separate until one or more are sold off? Who knows...

And if that one doesn't float your boat the how about Eagle gets divested and buys the TSA/GoJets/Compass operation from Hulas.

Everyone is also making the assumption that Eagle would be acquired/absorbed/assimilated as a whole. It could be split up as 50 seats, CRJ's, Eagle Certificate or Executive Certificate.

Fragmentation....fewer worries and, if less than 50%, no Bond-McCaskill.

it's the company just making news. they have nothing to be news worthy about so make up controllable stories. barrel of oil going to 200, yep the sale is on. the story was started by TG from the MEC the buffoon group and aided by amr for the advertisement news. The union at AE for the pilots is run by morons, lie to its members, make up stories to justify there position. Oh they act like management.

I hear Hulas is looking for a 4th airline...

...but don't you work for eagle? If it's a bad company, why are you there? (not a personal attack, just curious)

RAH can't sell CHQ or S5. The nightmare that would follow as far as splitting up pilots would kill this place. Especially after SLI. the bottom of the list is most RW and S5 guys right now. The training costs alone would cripple the place. Also CHQ does branded flying. If BB does something it would be a purchase of eagle and a merger into the existing carriers, shortly followed by an expanded code share. Unlikely right now, but not "impossible". They are still trying to figure out how the last purchase works.

Without destroying this thread, does anyone know the status of the RAH SLI arbitration? I thought the arbitrator made a decision several months ago but hasnt released the details. Anyone?

Actually this is the perfect place for that question. Bedford has convinced Arbitrator Eischen to hold off on releasing the list until he can make his big announcement.

RAH will be buying Eagle, but as a condition of the sale - so as not to enjoy a near monopoly on AA feed - he will sell CHQ to Skywest.

SLI nullified. STS decision irrelevant. More future billable hours for Eischen.

It's just dumb enough to work. Have a nice night!

yeah right. i should take what your using.

That would make sense if Bedford really didnt like the outcome of the SLI. If the arbitrator has made a decision, but hasnt released the info for some reason, then something must be brewing.

BB doesn't exactly have a track record of basing his business decisions on what makes sense for the pilot group.

Yes I do, the people I work with have been great, I have nothing against the crews I work with. I work at Eagle because I am here to put in my time and then hopefully move on to the legacy's.

But from a business stand point in today's market (IMHO), I don't think Eagle is very valuable aside from it's fleet of CR7's. An aging fleet of ERJ's, ATR's and a fairly senior seniority list all add to high investment costs. Most airlines are moving away from the 50 seat market, so what does Eagle truly have to offer in today's market if given the chance to bid contracts? I'm no expert, and I may be missing the big picture, but with current scope restrictions, lack of more 70+ seat aircraft orders/deliveries, I find it hard to believe Eagle will be successful to be picked up with the intent to grow.

LOL!!! Simply beautiful!.....

It also says that American is looking for cheaper ways to fly regional routes. Does this mean that they are going to try to start a bidding war for new regionals to do their flying? Then try to get their pilots to sell out on scope? I mean with the way things have been/are going with other airlines and their contract/scope battles, I wouldn't be surprised if that is what they are up to. There is always some diabolical scheme airline management is cooking up.

lose scope or your pension, which way do you think the majority will go?

apa will loosen up on scope and bring back b-scale to keep pension for all or no b-scale and all coming to AA as new hires will be locked out of a and b funds and only have a
401k to keep AMR and investment firms happy.

Well since you put it that way. Pension

AMR divesting Eagle is about on par with Hell Freezing Over....

It sounds good, but then they'd have noplace to hide or shift the money to/from... it also sounds good anytime an AMR pilot group is in negotiations... like the APA is right now, and Eagle will be in another year or so.

When Eagle cancels they don't get paid.... when the outside subcontractors got cancelled, they still got paid. The outside sub's made enough money to go out and buy places like Midwest and Frontier... AMR selling or divesting Eagle would be a disservice to their shareholders... but it would make the APA happy, until the APA realizes that they would be trading one pilot group willing to fly APA routes, for several pilot groups willing to fly APA routes....

Sometimes the Devil you know is better than the one you don't. I vote to keep Eagle, and sice we're already stuck with 1/2 their list... let's just take the other half, form one list, and keep ALL the flying on our list. Of course I do not expect much support for the idea from ALPA since they would be losing 3,000 dues paying members. We also have to deal with the few remaining phallus's here who refuse to even consider merging Eagle into the APA list... Does making one list turn recent new hires at Eagle into potential furlough fodder? Perhaps it does. There are ways to mitigate that. However, the long term benefits of taking the risk can only benefit the overall pilot group and the profession....

+1 on all of that, especially the money shifting stuff.

All old news.

There's one big differences this time with regard to this being another smokescreen to force Eagle ALPA to knuckle under to concessions and that is timing.

This time, idle threats won't be enough. AMR would actually have to officially announce a plan to divest Eagle, specifics on what it means for Eagle pilots in the negative and how certain concessions would avoid the negatives. AMR can't bang this drum forever and a good many Eagle pilots are already waving the B.S. flag (right or wrong). AMR cannot play this old card (and it is an OLD card) in perpiuity this time and will actually have to make good on their threats or result in it being seen as a facade.

The next few months should demonstrate if this is a true interest in getting out of the feed ownership business or simply a concession club like the past. If the goal is simply concessions, they'll actually have to make contact with the club this time. You'd think one list would be the solution to scope, but unless AMR plays, it's moot.

They're gonna have to show their colors this time to the Eagle pilots one way or the other, because unless Eagle ALPA overrides the will of the membership and MEC ratifies concessions based on threat alone, it won't happen. If they did this, they'd be recalled en masse in a heartbeat............should be an interesting show though.

Sorry, what I meant to say was that the majority will probably want to loosen scope vs losing their pension