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Stryker 08-12-2011 12:30 AM


Originally Posted by ERJF15 (Post 1037444)
If AMR BK's, all bets are off. No flows, contarcts, deals, scope, or what ever. I don't think they will though.

The way its written it sure sounds like it survives even bankruptcy. The only way (per the document) that it is void is if another company buys out AMR.

The Chow 08-12-2011 04:33 AM

Bankruptcy doesn't allow a company to nullify any and all contracts. A federal bankruptcy judge will make the determination of which contracts get modified in order to allow the company to exit bankruptcy protection.

As far as I know....;)

stbloc 08-12-2011 03:16 PM


Originally Posted by The Chow (Post 1037666)
Bankruptcy doesn't allow a company to nullify any and all contracts. A federal bankruptcy judge will make the determination of which contracts get modified in order to allow the company to exit bankruptcy protection.

As far as I know....;)

Gives these kids a break. They have no clue how the world operates since they are fresh out of High School. One day they will all learn the hard way.

meeko031 08-12-2011 05:33 PM


Originally Posted by stbloc (Post 1037992)
Gives these kids a break. They have no clue how the world operates since they are fresh out of High School. One day they will all learn the hard way.

...please enlighten us all with your wisdom. If you know how the world operates and the future of the airlines, why are you still here? Not an attack but a serious question? :o

PruneJuice 08-12-2011 06:02 PM

The flow is worth it. Eagle is the place to be now and who would have thought that 5 years ago.
No interview not medical no sim ride. Just bid to go to AA like it was another base.

galaxy flyer 08-12-2011 06:46 PM

Prunejuice

You are making the unjustified assumption that going to AA is a good opportunity and that it is possible in some reasonable time frame. For someone hired today, AA is, at least, five, more likely 8-10 years away. Do you not think that better offers might come in that time?

AA has a terrible balance sheet, debt/equity is astronomical; it has been losing money for four years; everything is hocked, explaining their cash balance; the Street is very down on them and everyone in the industry are dubious of their future, as it looks now. Read their financials and the news.

They have the highest costs in the US industry, never been thru the BK reorganization that was used by every other line to trim their costs. The idea that the APA would strike is laughable, they have no leverage and a load of senior guys that would lose everything in a BK filing. The BK judge gets to rule on all contract modifications, management gas to justify the need for contract mods, but the record is that Mgt gets most of what they want, especially in the early going.

Trust me, I went thru Eastern's BK and have closely followed all the other ones. I have friends at DL, CO, AA, and UA, all pretty much agree on the facts, if not the outcomes.

lakehouse 08-12-2011 10:01 PM

deleted, theres only one reason someone posts at 2am lol

stbloc 08-12-2011 11:27 PM


Originally Posted by meeko031 (Post 1038047)
...please enlighten us all with your wisdom. If you know how the world operates and the future of the airlines, why are you still here? Not an attack but a serious question? :o

Because I'm an analyst for a firm. Just because what I say doesn't mean it's going to happen. I look at all the facts and previous ventures and apply logic. Thats what I do but now however I want to go back and fly again. I'm sorry if said some information that ruffled some feathers. Just people need to understand the facts. As you know i'm a big opponent to going to Eagle although I would go if no other airline gave me an opportunity. Just make sure you have an exit plan at all times. This new AE is about a 50/50 chance it will work out for most new hires. You know they run fleet totally obsolete. So unless they have any replacement insight I wouldn't plan any growth here. The only event that will provide pilots moving up is the flow up. But the real question is how fast can they flow up while parking 135's in the desert. That's why is say 50/50. To many varibles to get a clear picture right now. And a AMR BK, all bets and contracts are off with AE. you are at the mercy of the courts and they will get those obsolete planes parked overnight.

meeko031 08-13-2011 04:14 AM


Originally Posted by stbloc (Post 1038168)
Because I'm an analyst for a firm.

1. I'm sorry if said some information that ruffled some feathers.

2. Just make sure you have an exit plan at all times.

1. no need for apologies, this is an internet forum where people are allowed to post their opinions, I just wanted to hear others point of view

2. this goes for any decision in life!!!!

good luck with the flying

enjoy

Iowa Farm Boy 08-13-2011 04:28 AM

I'm amazed at how many authoritative educated people on these boards (at least THEY think so) can't even master the english language. When you can't spell/ use grammar, we should respect your informed/ educated opinion?

AA has issues. AE has issues. The U.S.A. has issues. All will need to be dealt with, or none will survive, long term. Doubtful that any of these issues will be resolved on internet message boards... Just my .02


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