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AWAC Exercises Option - Extends Thru Feb 2018

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Old 04-28-2015 | 09:03 AM
  #61  
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Originally Posted by FR8DG
What would a buyer be buying? A lot of old 50 seaters....not likely, but crazier things have happened...
I think the point would be to buy the pilots, not the planes. Then use the pilots to fix the purchasing airline's staffing problems.
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Old 04-28-2015 | 09:07 AM
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Originally Posted by DryMotorBoatin
That's exactly what they want you to think your two options are.
They don't have to work hard to convince me. Just look at history...Comair won in the short term...lost in the long. Pinnacle won in the short term...lost in the long...Eagle won in the short term...lost in the long. AWAC pilots will win in the short term and loose in the long
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Old 04-28-2015 | 09:19 AM
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Originally Posted by tennisguru
I think the point would be to buy the pilots, not the planes. Then use the pilots to fix the purchasing airline's staffing problems.
Exactly my point. Pilots will be the commodity, not the airplanes in the coming ears.
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Old 04-28-2015 | 09:26 AM
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Originally Posted by billyho
With the amount of planes that they are still getting it wouldn't be forever. So what's worse? Being a reserve Capt. for less then a year or being a 4-5 year line holding FO???
PAY, PAY, PAY and work rules. Upgrade times at AWAC are now less than 4 years. PSA upgrades are going to slow...and sooner than you think...and then you are a capped-pay FO. Even as a captain I would rather wait for AWAC captain pay since a quick move to a mainline is not guaranteed...I'm already winning on FO pay.
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Old 04-28-2015 | 09:43 AM
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Nobody wins on FO pay...


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Old 04-28-2015 | 09:52 AM
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PIC > SIC

Get where you can get PIC time. Being a well paid regional FO is like being the highest paid cashier at Walmart. Congratulations, but you still work at Walmart. Get PIC time so you can get the heck out of the regionals.

(Yes, everyone knows of a person that supposedly got to a major as a FO, but 99% of the time you need to be a Captain).
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Old 04-28-2015 | 10:05 AM
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[QUOTE=Gators;1870082]Nobody wins on FO pay...

Agreed. What if you need to commute? At AWAC you are not going to be winning much in the boarding priority game. It is one of the reasons I steered clear, even with prior CL-65 time. You could pay 75k to start and have all the work rules you want, it's all worthless to me if I can't get to work.
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Old 04-28-2015 | 10:30 AM
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[QUOTE=Lvlng4Spd;1870098]
Originally Posted by Gators
Nobody wins on FO pay...

Agreed. What if you need to commute? At AWAC you are not going to be winning much in the boarding priority game. It is one of the reasons I steered clear, even with prior CL-65 time. You could pay 75k to start and have all the work rules you want, it's all worthless to me if I can't get to work.
That is a ridiculous reason to not work for AWAC. You must be kidding. And if you really are THAT guy who shows up and bumps another pilot out of the jumpseat who has been waiting there longer, then you are a complete douche bag. Most companies have an unlimited commuter clause anyway.
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Old 04-28-2015 | 10:40 AM
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Coming from a potential new hire at AWAC (interviewed two weeks ago and was offered an August class date) I see this announcement as better than bad news, but not great news. I am by no means an expert and am not currently in the industry, but here is my take on it:

I see four underlying issues in a well written statement from the CEO (the E-mail was sent to me as I am a "future employee"):

1. No new contract. AAG did not provide a new long term contract for AWAC, which means they could not reach an agreement. AWAC had to execute the extension to stay in business and/or prevent a concessionary contract in the short term.

2. The Message from the CEO states : "In late 2008, we negotiated an option agreement with Airways that provided Air Wisconsin the right to continue to operate our aircraft beyond December 31, 2015. However, the agreement also provided that any such additional flying would be at improved economic terms for Airways (now American Airlines) – meaning the revenue we would receive from American for flying aircraft beyond the end of this year would be less than we receive from them today." So - AWAC is taking a pay cut. This means AAG may have future leverage to keep the pay lower for a future contract.

3. No growth. Though the message states only a small number of airframes will be retired, I have been told by many pilots to seek a place that is growing, not stagnant or shrinking. No growth = longer upgrade times for new hires and guys low on the seniority list. I've heard it is currently 4-4.5 years. They quoted 2.5 years in the interview, but I have been told by several AWAC pilots that this doesn't sound right. I'll defer to the pilots on here about upward movement.

4. The message talks about finding a new operating cost structure dependent on the current lower fuel prices. So if fuel prices stay low, great. No problem... But we all know they are not going to stay as low as they are right now. They probably won't skyrocket again, but they will go up. What if AWAC can't squeeze any more efficiency out of the - 200's?

I see the extension as great news for current employees. They have a minimum of three more years of job security. But this could be a little dicey for potential new hires. Hopefully, they will find ways to secure new long term contracts in the future. But with upgrade times where they are now, and no growth on the horizon, in my mind it would be a tough choice to go to AWAC right now. I am considering it (I have offers at TSA and AWAC). The contract, pay, benefits and work rules are great. But these good things have a potential shelf life, and I likely wouldn't be upgraded by the time they expire in 2018. The potential exists that a new hire now may have to start over somewhere else if contract negotiations go south. Though it may be a slim chance, there is a chance.

My two cents.

Mike
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Old 04-28-2015 | 11:04 AM
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[QUOTE=Coneydog;1870114]
Originally Posted by Lvlng4Spd

That is a ridiculous reason to not work for AWAC. You must be kidding. And if you really are THAT guy who shows up and bumps another pilot out of the jumpseat who has been waiting there longer, then you are a complete douche bag. Most companies have an unlimited commuter clause anyway.
If I was kidding I would have said wearing that pesky hat was the reason. Relax, I said commuting was one, uno, uuksi reason I steered clear. I'm not a big CRJ fan any more to be honest. I also worked for a contract carrier in the past...didn't end well. I chose a wholly-owned for a little more stability, better commuting privileges, and no CRJs. So far, so good, and I upgrade this summer. I am happy for your group overall, I have a few friends from school and otherwise there. Hope it works out in a few years...
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