You guys that are saying it's going to take 16 years are on crack. Don't forget the 25/month is a bare minimum. I have seen that eagle could easily afford to let 35/month go if were not in growth mode which we probably won't be. Further more if were shrinking Eagle should be even more willing to let more then 35/month go. Eagle has around 2900 pilots on the list. 240 of those will be at AA by next spring. That leaves about 2600 of us. Divide that by 35 a month and you end up with about 6-7 years. This doesn't even take into account pilots that won't accept it or the ones that will go to FedEx, delta, united etc. Which IMO will be a large number.

 

These questions and answers were shared with American Eagle managers and employees.
What did AMR announce?
AMR announced its intent to move forward with the divestiture of American Eagle and expects it to take the form of a spin-off of Eagle stock to AMR shareholders. It believes that a potential divestiture of Eagle is in the best interest of AMR and Eagle - as well as our employees, customers and shareholders. We anticipate filing a "Form 10 Registration Statement" with the U.S. Securities and Exchange Commission (SEC) by the end of August. This will describe the potential divestiture and include important information about Eagle as a stand-alone entity - such as historical financial statements, operational results and other legal and financial disclosures.
What does AMR gain by divesting American Eagle? Is this good for Eagle?
Strategically, a divestiture would give AMR the opportunity to diversify its regional feed over time with additional airlines, to ensure it has access to the most competitive rates and service. Independence for Eagle would enable us to vie for the flying business of other mainline carriers and grow the company - something that has not been very feasible, as a wholly-owned subsidiary of AMR.
How will this affect Eagle's current flying?
For the time being we expect nothing to change, other than the normal seasonal adjustments to our schedule. Following divestiture, there will be a very few locations to which Eagle will not be able to fly, due to the scope provisions in American's labor agreements with their unions. We anticipate we would work with American to reallocate that flying to other locations.
When might the divestiture occur?
We do not yet know when a divestiture might happen, and likely won't have a date until we get further along in the process.
Would we see drastic changes at Eagle as a result of divestiture?
In many ways, Eagle already operates as a very separate company from American. We have had our own benefit plans, pay scales, work rules and policies for many years. We just introduced our own American Eagle 401(k) Plan designed specifically our employees and we have collective bargaining agreements with our unions that are unique to Eagle. So, most employees would see little or no change initially following a divestiture.
Would there be any change to Eagle's corporate structure following a divestiture?
Eagle already operates independently from American in many areas. We have our own President and leadership team, Maintenance and Customer Service organizations and maintain our own operating certificates which are entirely separate from AA's. There are certain functions that Eagle would need to create for "day one" that today we don't have - such as our own Board of Directors, Treasury functions and legal services. Today, these are performed for us by American and AMR.
Would all current Eagle employees stay with Eagle, or will some move to AA?
The vast majority of current Eagle employees would stay with Eagle. There will certainly be some changes to our management structure, as some functions are traditionally handled by the mainline partner and others must be performed by the regional partner. However, we have not made any decisions about exactly which jobs would change, if AMR completes a divestiture.
Can I still put in for a transfer to AA? What about after the spin-off?
For now, the intercompany employment policy that allows American and Eagle employees to transfer between companies is unchanged. If AMR proceeds with a divestiture and Eagle is no longer part of AMR, that policy will no longer apply. However, Eagle employees may still apply for positions at AA, and vice versa. While Eagle employees will be considered as "external" candidates for available AA jobs, the experience and skills our employees have gained at Eagle, serving American, may very well give them a competitive edge for AA positions.
What will our company name be, as an independent airline?
Currently, American Eagle is owned by a holding company - "AMR Eagle Holding Corporation" - which is owned by AMR. If our parent company were to be divested, the companies we work at - EASI, American Eagle and Executive - would retain their names and continue to operate under the American Eagle brand for as long as American Airlines is our customer. Employees who work at those companies would continue to be employed by them following a divestiture. Only the holding company name would change - and at this time, we do not know what that name will be. This would enable us to continue using the American Eagle brand to serve American, but provide us with a new company name to use when marketing our flying and ground handling services to other mainline carriers - without the association of having "American" in our name.
How long would Eagle continue to provide regional feed to AA?
We anticipate that Eagle will continue to provide regional feed for American for years to come, but specific details of the Air Services Agreement with American are not yet available. They will be disclosed in the Form 10 filing with the SEC in the coming weeks.
When will we know more details of deal?
Summaries of all of the agreements with American - including the Air Services Agreement, Ground Handling Agreement, Transition Services Agreement, etc. - will be outlined in the Form 10 that we expect to file with the SEC in the coming weeks. These agreements will outline our future working relationship, should AMR proceed with a divestiture.
Do we have any new airline customers lined up yet?
While we remain wholly-owned by AMR, Eagle has not entered into any agreements with other mainline carriers to provide flying services. We already provide ground-handling services to a number of mainline carriers, and will continue to pursue those opportunities. Following a divestiture, we're poised and ready to compete aggressively for flying contracts, as they come open for bid.
Will there be any changes to my travel privileges? What about crewmembers' jumpseat privileges?
We announced several months ago that we have reached an agreement with American that would allow Eagle employees to continue traveling on American Airlines much as we do today, for a period of five years following any divestiture. During that transition period, our approach to personal travel - including jumpseat travel - would continue essentially unchanged. At the end of that period, we would work with American to negotiate a new travel agreement that would be consistent with our business relationship and industry standards at that time. Please note that AA always has the right to change its travel program, at any time. We have agreed with AA that any changes they may make will apply equally to AA and Eagle employees.
Will there be any changes to my health benefits as a result of divestiture?
No. Our health plans are entirely separate from American's and designed with Eagle's employees in mind. We evaluate all of the plans annually to ensure they continue to meet the needs of our population and frequently make changes to plan provisions in response to the marketplace or changes in health care legislation. We also adjust the cost of coverage based on what was actually paid the prior year to provide benefits to Eagle employees. We will continue to manage our health plans this way, regardless of whether AMR decides to divest Eagle.
Will there be any changes to my 401(k) plan as a result of divestiture?
No. American Eagle recently introduced a new American Eagle 401(k) Plan for our employees, and all account balances from the AA $uper $aver plan were transferred to the new plan. While the Eagle plan features an investment lineup tailored for our employees and company size, no changes were made to plan administrator or the percentage of company matching funds. The Eagle 401(k) plan will continue to be administered by J. P.

 

Hows that for ya ladies and gents! I would be think twice before you went to Eagle! Thank god I am not there!

 

I am sure Eagle is happy as well since they did send you home on the first day of the interview.

 

You're hitting the pipe yourself, son.

Sure Eagle might have the ability to let those numbers of pilots go to AA, but AA won't have the ability to take them that fast..........and that's IF AMR chooses to honor the agreement and not scrap it as the language allows in any number of ways.

You're counting your chickens before the eggs have even been layed, let alone hatched.

 

Hey Machwon. First of all I have never been to Eagle, second hows your upgrade time coming along for you? My best friend is at AA HQ dealing with this issue so..... Just saying... good luck I hope it works out for ya!!

 

I was hired at AWAC in Jan 2006...a buddy at Eagle told me a few months back that I'd either have been awarded CA position or be within a few numbers of it if I had that DOH at Eagle.

Considering Eagle had 10 year upgrades in Jan 2006 and my DOH would have had me upgrading at AWAC just this spring...I'd say upgrade time is coming along quite nicely there.

 

A buddy of mine at the training center said that the rumor over there is that Dan Garton wants all 12 year Ca's gone prior to AA hiring. I wonder if something is brewing to allow Eagle pilots make up 100% of an AA new hire class. Again just a rumor that I heard.

 

Still wouldn't come close to cleaning out that many pilots, unless AA also agrees to bring on more pilots then it needs over the next couple of years. If a mass exodus of retirements were to develop, then possibly.

DG isn't calling the shots on this issue, but I'm sure that's definately on his wish list.

 

LMAO. owned.