RJET down by -50% today?
07-30-2015 | 02:59 PM
#241
Gets Weekends Off
Joined: Apr 2013
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When has that EVER mattered????
NWA Cargo, making TONS of money that they needed to hide to justify the BK.
AAR, now AAG, had $5billion in cash and declared BK, while shuffling profits off to subs like eagle. Did it simply to get out of aircraft leases.
It happens Every.SIngle.Day in US Corporate America. Its a shell game. Parent company shows loss while cash position INCREASES.
07-30-2015 | 03:10 PM
#242
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Joined: Jul 2008
Posts: 919
Likes: 27
The companies debt liabilities exceeded their liquid and non-liquid assets. The company was insolvent.
Same thing happened to PNCL Corp.
RAH is not insolvent. In fact they has positive cashflow and are still, as of now, reporting EPS 4 cents. Minute, yes, but still solvent.
07-30-2015 | 03:14 PM
#243
Gets Weekends Off
Joined: Sep 2013
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BB better get it done.
07-30-2015 | 03:20 PM
#245
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Joined: Apr 2013
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Hmmm, AMR Corp was in a perpetual cycle of quarterly losses.
The companies debt liabilities exceeded their liquid and non-liquid assets. The company was insolvent.
Same thing happened to PNCL Corp.
RAH is not insolvent. In fact they has positive cashflow and are still, as of now, reporting EPS 4 cents. Minute, yes, but still solvent.
The companies debt liabilities exceeded their liquid and non-liquid assets. The company was insolvent.
Same thing happened to PNCL Corp.
RAH is not insolvent. In fact they has positive cashflow and are still, as of now, reporting EPS 4 cents. Minute, yes, but still solvent.
Debt exceeding assets doesn't always make a company insolvent... being unable to pay debt obligations does that. AMR was not close to defaulting on any debt.
07-30-2015 | 03:32 PM
#246
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Joined: Sep 2010
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My point being that it is easy for a company of that size to show a loss... they were showing a loss while at the same time increasing their cash horde.
Debt exceeding assets doesn't always make a company insolvent... being unable to pay debt obligations does that. AMR was not close to defaulting on any debt.
Debt exceeding assets doesn't always make a company insolvent... being unable to pay debt obligations does that. AMR was not close to defaulting on any debt.
07-30-2015 | 03:34 PM
#247
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Joined: Dec 2007
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From: Emb 170/175 FO
Not going to happen. From what Ive been hearing, PDT is having a hard time even getting its 145 program signed off by the feds. PDT has always operated turbo props and the jet is clearly a big hurdle to overcome, and thats not a knock against them, just a big task. I know you're a pretty hard cheerleader for PDT, but try to stick to reality.
07-30-2015 | 03:42 PM
#248
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Joined: Sep 2013
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Not going to happen. From what Ive been hearing, PDT is having a hard time even getting its 145 program signed off by the feds. PDT has always operated turbo props and the jet is clearly a big hurdle to overcome, and thats not a knock against them, just a big task. I know you're a pretty hard cheerleader for PDT, but try to stick to reality.
There's no hard time. Another class of 20 is on its way.
You really think we are having a tough time. Just wait and see.
I forgot PSA had a hard time going from 25 Props😜
07-30-2015 | 03:52 PM
#249
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Joined: Aug 2005
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you saying pdt has their own e145 sim, where?
these pilots in training that you say 25/20 for what aircraft the e145, where they going to do ioe? for that matter, where is the sim to be used?
all pdt has done is announce the base for the e145, as far as i know.
just as psa, your operation will su ck for the next five years. pdt, psa and envoy are not the prodigal children rather the bastards of aag.
these pilots in training that you say 25/20 for what aircraft the e145, where they going to do ioe? for that matter, where is the sim to be used?
all pdt has done is announce the base for the e145, as far as i know.
just as psa, your operation will su ck for the next five years. pdt, psa and envoy are not the prodigal children rather the bastards of aag.
07-30-2015 | 03:59 PM
#250
Happy at PDT
Joined: Jan 2014
Posts: 983
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From: EMB-145 CA
Exactly no hard time at all. If it weren't for FAA protocols, the 175 would most likely be happening now. The rumors of approval issues come from the fact we are taking a big step in the operation that other regionals took long ago. Of course the FAA will scrutinize every last detail. Last I heard we have 150-200 people in the pipeline for interviews and class dates. As usual, haters gonna hate though.
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