Comair ALPA Reaches TA at 11th Hour

Subscribe
1  2 
Page 2 of 2
Go to
02-14-2007 | 01:33 PM
  #11  
Quote: So your saying that this TA may have a bigger paycut than the imposed terms?
no, I am not saying that. I would vote for a pay raise over our current working agreement
Reply 0
02-15-2007 | 06:48 AM
  #12  
Is there a possibility that Delta might liquidate Comair? Is that a fear among current pilots there? I did NOT hear this anywhere, so I am not trying to start a rumor, the thought just crossed my mind.
Reply 0
02-15-2007 | 07:04 AM
  #13  
Quote: Is there a possibility that Delta might liquidate Comair? Is that a fear among current pilots there? I did NOT hear this anywhere, so I am not trying to start a rumor, the thought just crossed my mind.
It is not impossible, but since they own a bunch of 50-seaters with low market value the company is probably worth more intact (if management can squeeze the labor concessions they want). It is VERY expensive to start up an airline from scratch.
Reply 0
02-15-2007 | 08:44 AM
  #14  
Big Momma Delta CANNOT liquadate Comair while they ie Delta is still in Chapter 11, and even when they emerge from Chapter 11 they cant sell off what they dont own, Most of the airplanes at Comair are held really owned by the people who are financing the operation right now, dont quote me on this but I think its GE Capital and or Citi Bank, In laymans terms tons of Creditors have Leins on Comair and Comair is Making Money, I am no expert but I cant think of a reason why a creditor would get rid of something that is generating money, but then again I am not a Finance Major
Reply 0
02-15-2007 | 10:59 AM
  #15  
Quote: Big Momma Delta CANNOT liquadate Comair while they ie Delta is still in Chapter 11, and even when they emerge from Chapter 11 they cant sell off what they dont own, Most of the airplanes at Comair are held really owned by the people who are financing the operation right now, dont quote me on this but I think its GE Capital and or Citi Bank, In laymans terms tons of Creditors have Leins on Comair and Comair is Making Money, I am no expert but I cant think of a reason why a creditor would get rid of something that is generating money, but then again I am not a Finance Major

Have you been to Cinci lately? There are RJ's parked on the ramp away from the gate... Jets can't make money or even pay their lease just sitting there. 12 CRJ700 jets have been or are in the process of being transfered over to ASA. It costs around 800,000 to transfer a jet to another company (maint inspections and paperwork). So I doubt they will be sent back to Comair anytime soon. Whatever the future holds for them will not be good. Consessions and losing planes is never a good combination.
Reply 0
1  2 
Page 2 of 2
Go to