Mountains of cash
04-25-2013 | 06:17 AM
#161
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Gets Weekends Off
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Gotta restructure and pay down all that debt brought to the merger.
-- During the first quarter, United replaced its $1.2 billion term loan due 2014 with a new $900 million term loan due 2019, and reduced the principal balance by $300 million in the process. Simultaneously, United entered into a new $1.0 billion revolving credit facility due 2018 that replaced the company's $500 million undrawn revolving credit facility due 2015, bolstering the company's unrestricted liquidity position.
-- The company pre-paid $400 million of its 9.875 percent Senior Secured Notes and $200 million of its 12.0 percent Senior Second Lien Notes during the first quarter.
United Continental Holdings, Inc. - Investor Relations - News
-- The company pre-paid $400 million of its 9.875 percent Senior Secured Notes and $200 million of its 12.0 percent Senior Second Lien Notes during the first quarter.
United Continental Holdings, Inc. - Investor Relations - News
11-07-2019 | 04:29 AM
#162
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Gets Weekends Off
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Actually the term "Gummer" is a throw back to the age 60 retirement days, when there was a "special unit" of the training department that did all of the test flying and no-revenue repositioning flights, where a maintenance issue(s) precluded the use of the aircraft for service. They did all of the ferry permit flights, engine inop takeoffs, re-rig return to service flights etc...
Tightly held, "Gummers" were hand chosen, older than age 60 guys, that got a full line of time pay (as a consultant...most had taken their lump sums) for being available at the drop of a hat to go fetch broken planes and the like. To make it into the "Gummer Squadron" you had to "know somebody".
Tightly held, "Gummers" were hand chosen, older than age 60 guys, that got a full line of time pay (as a consultant...most had taken their lump sums) for being available at the drop of a hat to go fetch broken planes and the like. To make it into the "Gummer Squadron" you had to "know somebody".
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