ATLAS Declaring BK? - Page 4 - Airline Pilot Central Forums

#31

WhipWhitaker , 08-21-2019 07:59 AM

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Quote:

Originally Posted by maxjet

I am confused. I was under the assumption that if you TA a section that just gets marked as possibly agreed upon. It would not become active until a contract containing this section is either ratified or shoved down your throat by an arbitrator. Don’t see how they are “not going to follow the TA”.

You’re correct.

#32

Three Green , 08-21-2019 11:38 AM

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Alrighty then

Quote:

Originally Posted by Whaledriver101

You just cant declare BK when you want to. CEO's go to jail for that.

Tell Phil Trenary that when I was with Pinnacle. Unfortunately, someone shot him in a robbery attempt a couple years back

#33

JackStraw , 08-21-2019 12:49 PM

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Quote:

Originally Posted by Three Green

Tell Phil Trenary that when I was with Pinnacle. Unfortunately, someone shot him in a robbery attempt a couple years back

Sounds suspicious. Although it WAS Memphis, it still sounds suspicious.

#34

742Dash , 08-21-2019 01:00 PM

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Quote:

Originally Posted by Three Green

Tell Phil Trenary that when I was with Pinnacle. Unfortunately, someone shot him in a robbery attempt a couple years back

Obviously airlines can and do go bankrupt. And private equity does some very creative and sleazy things.

But there is a world of difference between a management team of a public company following a strategy that fails (such as rapid growth or acquisitions), and a management team taking a public company that is profitable and deliberately running it into bankruptcy.

The latter does not happen; pilot belief systems notwithstanding.

#35

jetlagging , 08-21-2019 07:57 PM

Line Holder

Quote:

Originally Posted by boeingdvr

We have nearly dozen planes parked.

Stock price is down over 50%

Company refusing to negotiate with pilot group.

Furloughs start Jan 1.

You are becoming Amazon Prime Air, merger with ATSG next and Bezos is your new boss. It’s not hard to figure this one out. (BK may or may not factor into this) Polar takes all the 747s and gets spun off and the 777s from Southern Air all get parked, the 777 flying isn’t “yours” to begin with anyway (DHL owns all the hulls) so it’s given to K4 or Omni. You have a domestic 767/737 operation left. At least you have some West Coast flying. Nice job Teamster negotiators!

#36

WhaleWrangler , 08-21-2019 08:04 PM

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Quote:

Originally Posted by boeingdvr

Reduced required time we have to deadhead in a company jumpseat.
- Set a minimum standard for all supernumerary seats (business class).
- Hierarchy of international flight bookings (Star / One-World / Sky-Team / Emirates or Etihad, then IASA Category 1 airlines if alliance airlines are unavailable).
- All domestic segments connecting to/from international flights will be in Business Class.
- When international Business Class is unavailable, compensation increased to $1,000 for flights over three hours.
- Intercontinental airline deadhead greater than four hours will be provided a lie-flat seat.
- Domestic deadhead greater than four and a half hours of block within a duty period will be booked in Business Class (First Class).
- Domestic deadhead in excess of 14 hours of duty all in Business Class.
- Ability to upgrade for domestic flights from Economy to Economy Plus for flights three hours to four and a half hours long.
- If non-stop travel is available, it will be booked.
- Crew Lounge passes can be purchased with corporate credit card under certain standards.
- Protective language against middle seat bookings.
- Ground transportation maximum limit of two and a half hours.
- Alternative travel will be approved at the beginning and end of a Trip Pairing as long as the cost is the same or less.
- Company can only use tickets that are available to the general public and that will provide the same benefits.

Hope you don't have a travel manager like we do at K4. He will be able to circumvent every one of those!! 😆😆

#37

DC8DRIVER , 08-21-2019 09:21 PM

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Quote:

Originally Posted by jetlagging

Just curious how Teamster negotiators have anything to do with mergers and acquisitions ...

Or are you simply stirring the pot?

#38

Birdsmash , 08-21-2019 10:29 PM

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Quote:

Originally Posted by jetlagging

So many experts on here that can predict the future. Lol

The original 4 777s that Southern has operated for over 9 years are still owned by Oak Hill (the previous Southern owner prior to Atlas). DHL leases those. Titan (Atlas) owns the next 3. One of those is an “operational spare”. DHL only “owns” our latest 2.

Additionally, Titan “owns” 5 other 777s that are currently leased to other airlines (AeroLogic & TNT). Southern/Atlas will be in the DHL 777 game for a long time.

#39

flyguy23 , 08-22-2019 12:28 AM

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Quote:

Originally Posted by 742Dash

I thought that too, but on the other thread it was made clear to me that the number one goal of management in a publicly held airline is not shareholder value, fulfilling their fiduciary responsibilities, keeping the Board of Directors happy or even the value of their own stock options.

No, the #1 goal of management is to screw the pilots. And if that means an illegal plot to take the stock to zero then so be it.

Yes, it is very clear now . We pilots are the center of the universe.

There ought to be a CEF that combs pilot message boards and goes short against every investment/business "insight" that they find.

There are companies that needlessly file bankruptcy every day. Shareholders be damned. Airline management is not out to screw their pilots as they couldn't care less about their pilots. They are out to cut costs and maximize what goes into their own pockets. They have and will gladly screw over all creditors and shareholders to do so. Pilots are nothing more than an expense on a balance sheet that must be minimized.

#40

kodiakallstar , 08-22-2019 03:59 AM

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Quote:

Originally Posted by 742Dash

Republic Airlines? They basically refused to negotiate in good faith for nearly a decade despite a glaring labor shortage. It got to the point they were fined into bankruptcy for not Fulfilling their capacity agreements. Granted they signed a cba just prior but the whole thing could’ve been avoided if they were at all interested in protecting their investors.