Speculation: Liquidation of American Eagle

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03-29-2011 | 04:45 PM

#21

TonyWilliams

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From: Self employed

The new title should be the most accurate.

03-29-2011 | 04:50 PM

#22

CrustyFE

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From: Right seat, left seat, right seat, left seat....?

Thank you Tony. That title works too.

03-29-2011 | 05:01 PM

#23

CrustyFE

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From: Right seat, left seat, right seat, left seat....?

Quote:

Originally Posted by Diver Driver

Not correct. AMR could keep the airframes and sell the Eagle certificate, leasing the aircraft back to the company that purchased Eagle. Lease-backs seem to be the flavor of the month these days between Majors/Regionals.

That could be one course of action. All of this is speculation so I should have thrown the word "Potential" in front of liquidation.

The other thing that's notable is that the union used the term "continuing" in front of legal actions they are taking. This infers that the MEC has known about the issue of AMR keeping the aircraft since they are continuing legal action.

This letter was the first we heard about this "continuing legal effort."

03-29-2011 | 05:20 PM

#24

jwes

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From: FO, B-777

Tell you what, for me to take any concessions now would be silly and wouldn't change their path either way! NO PBS !!

03-29-2011 | 06:30 PM

#25

CrustyFE

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From: Right seat, left seat, right seat, left seat....?

Quote:

Originally Posted by jwes

Tell you what, for me to take any concessions now would be silly and wouldn't change their path either way! NO PBS !!

PBS would actually be a good argument against liquidation. The company would not care about PBS if they were going to liquidate us.

03-29-2011 | 08:08 PM

#26

duvie

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From: WB Bunkie

Quote:

Originally Posted by BlueMoon

Apparently I didn't convey my point clearly or you missed my point

That no one would buy and airline if they didn't have planes to operate (weather they were owned or leased)

And yea, I can do math.

Mate, if you do math as well as you punctuate and spell....

Anyway, when TSA bought Compass they didn't buy airplanes, they bought contracts and leases. It may sound like semantics, but nobody actually buys airplanes when they buy another airline, they simply purchase the rights to certain agreements. A potential investor might negotiate potential lease deals with the leasing companies before they even approached the major with whom you'd be contracting, so that they'd have a cost structure already in mind should the major want to play ball.

What you're getting with Eagle is a turn key operation, should you happen to find yourself with 200+ ERJs on your hands.

03-29-2011 | 08:19 PM

#27

sticky

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Quote:

Originally Posted by duvie

What you're getting with Eagle is a turn key operation, should you happen to find yourself with 200+ ERJs on your hands.

ding. ding. ding. we have a winner. it will be just that simply.

03-29-2011 | 08:43 PM

#28

Swedish Blender

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From: fins to the left, fins to the right

Unless things have changed in the last 6 years, people are reading way too much into AMR keeping the airplanes.

When I was at Eagle, the majority of the a/c were owned by an AMR leasing company and leased to AE. Peter Bowler was president of said leasing company. So if it is still that way, AMR will continue to own the a/c and lease them to the new owners of AE if sold.