D
DallasConehead
Guest
Do you have some facts to back your name calling. Go right ahead and prove me foolish. What info do you have to guarantees AA mechanics will do the overhauls? If not, then your an arse.
AA to buy Airbus instead of leasing them.
- Thread starter 700UW
- Start date
eolesen
Veteran
- Jul 23, 2003
- 15,959
- 9,374
What guarantees do you have that AA will do overhauls on any aircraft on the property, leased or owned?...
How about you provide some proof that Airbus was going to take back timed-out aircraft. It's never been done, and it's highly unlikely their shareholders would tolerate it just to make a sale. They don't need to offer that type of incentive, nor would they accept the liability involved.
Again, you're a fool if you buy into that absent proof. The contract seems to be pretty clear on who does the work, and what level of outsourcing is permitted.
How about you provide some proof that Airbus was going to take back timed-out aircraft. It's never been done, and it's highly unlikely their shareholders would tolerate it just to make a sale. They don't need to offer that type of incentive, nor would they accept the liability involved.
Again, you're a fool if you buy into that absent proof. The contract seems to be pretty clear on who does the work, and what level of outsourcing is permitted.
D
DallasConehead
Guest
Well, its good you look to the future with an optimistic eye, its a good thing to hope for the best but prepare for the worst.. I see the darker side of the picture. After all that's happened, it would be surprising for me and I think most AA mechanics for that work to be wholly done in house. I think TULE is still a question mark and I cant imagine the company will maintain the people and the infrastructure to do OH on those planes 5 years from now. I would imagine it will be some form of give back in negotiations to bring that work in house and I don't think the people are in any mood for any give backs to get work back.
Look what is popping up near our back door.
Possible outsourced overhaul if AA decides to have the heavies done.
https://m.yahoo.com/w/legobpengine/finance/news/lufthansa-technik-aircraft-overhaul-puerto-174400904.html?.intl=us&.lang=en-us
New Lufthansa Technik Aircraft Overhaul Site in Puerto Rico for Short/Medium-Haul Aircraft
"Lufthansa Technik and the Commonwealth of Puerto Rico announced an agreement to create a new aviation maintenance, repair and overhaul ("MRO") facility in Puerto Rico, which will service short-haul and medium-haul aircraft. Agreements to this effect have now been signed with the government of Puerto Rico and the responsible port authority and the company plans to start work in the next three months on the construction of the new facility.
"This is a major new step for Lufthansa Technik to expand its involvement in America. The new company, Lufthansa Technik Puerto Rico (LTPR), will be based at Rafael Hernández International Airport in Aguadilla, a former U.S. Air Force Base located on the northwest of the Island.
The company will employ up to 400 workers and run a total of five overhaul lines. Initially it will operate two lines for Airbus A320 C-checks and D-checks."
Possible outsourced overhaul if AA decides to have the heavies done.
https://m.yahoo.com/w/legobpengine/finance/news/lufthansa-technik-aircraft-overhaul-puerto-174400904.html?.intl=us&.lang=en-us
New Lufthansa Technik Aircraft Overhaul Site in Puerto Rico for Short/Medium-Haul Aircraft
"Lufthansa Technik and the Commonwealth of Puerto Rico announced an agreement to create a new aviation maintenance, repair and overhaul ("MRO") facility in Puerto Rico, which will service short-haul and medium-haul aircraft. Agreements to this effect have now been signed with the government of Puerto Rico and the responsible port authority and the company plans to start work in the next three months on the construction of the new facility.
"This is a major new step for Lufthansa Technik to expand its involvement in America. The new company, Lufthansa Technik Puerto Rico (LTPR), will be based at Rafael Hernández International Airport in Aguadilla, a former U.S. Air Force Base located on the northwest of the Island.
The company will employ up to 400 workers and run a total of five overhaul lines. Initially it will operate two lines for Airbus A320 C-checks and D-checks."
D
DallasConehead
Guest
Oh, don't fear monger, that 319/21 work ... it will be done in house.
The form of financing has nothing - zero - to do with whether Airbus is going to take back these A319s and A321s just before they need their first heavy check. As I've posted before, I don't think Airbus would give AA such a high trade-in price as to make it worth AA's while. Probably cheaper for AA to pay someone to do the heavy check, even if it's in SAL, than suffering the depreciation on the six year old trade-in.
The news posted by the OP merely confirms that AA will find someone else to finance the planes. When the order was placed in 2011, AA's finances were not great, and AIrbus made backstop financing commitments - Airbus would lease the planes to AA if AA was unable to find cheaper, more favorable financing.
Now that AA is out of Ch 11, it appears that Parker has found more favorable financing sources, and thus AA will purchase the planes from Airbus. "Purchase" doesn't necessarily mean "own free and clear with no liens or encumbrances," it just means that AA will take title to the planes and either arrange purchase money financing or will sell them to a lender which will lease them back to AA. In the old days, AA did own a lot of airplanes free and clear, and thus in late September, 2001, AA was able to borrow the first billions of many against the unencumbered fleet. Those loans financed the heavy losses of 2001 until May 1, 2003. Ever since, AA has owned very few airplanes free and clear.
The news posted by the OP merely confirms that AA will find someone else to finance the planes. When the order was placed in 2011, AA's finances were not great, and AIrbus made backstop financing commitments - Airbus would lease the planes to AA if AA was unable to find cheaper, more favorable financing.
Now that AA is out of Ch 11, it appears that Parker has found more favorable financing sources, and thus AA will purchase the planes from Airbus. "Purchase" doesn't necessarily mean "own free and clear with no liens or encumbrances," it just means that AA will take title to the planes and either arrange purchase money financing or will sell them to a lender which will lease them back to AA. In the old days, AA did own a lot of airplanes free and clear, and thus in late September, 2001, AA was able to borrow the first billions of many against the unencumbered fleet. Those loans financed the heavy losses of 2001 until May 1, 2003. Ever since, AA has owned very few airplanes free and clear.
MetalMover
Veteran
- Sep 16, 2013
- 3,543
- 2,410
Yes, BY the AIRBUS instructors.....texasreb said:
D
Deleted member 14439
Guest
nope. AA instructorsMetalMover said:
eolesen
Veteran
- Jul 23, 2003
- 15,959
- 9,374
You mean TWU card carrying instructors? Can't say that I'd find them to be any more credible of a source than someone from Airbus.
I'm sure they know the individual components of the airplane inside out, but that doesn't mean they had a whole lot of visibility into how the purchase agreements were structured.
I'm sure they know the individual components of the airplane inside out, but that doesn't mean they had a whole lot of visibility into how the purchase agreements were structured.
MetalMover
Veteran
- Sep 16, 2013
- 3,543
- 2,410
Airbus instructors....not AA....Airbus.....the company that makes the aircraft. Why would they even mention it....eolesen said:
But not only are you the expert on everything AA, now you are the resident AIRBUS expert.
eolesen
Veteran
- Jul 23, 2003
- 15,959
- 9,374
What I do know is that aircraft purchase agreements (and engine purchase agreements) are almost universally redacted from the annual reports and SEC filings of every airline I've done research on, and that's quite a few...
I also know that the guys who did the fleet planning & purchasing sat one floor up from me, and they all had offices with locking doors, as opposed to the cubicles that every other person at their job level had. That says they had documents which had to be kept fairly confidential. Even the managers in HR and Finance didn't have doors, let alone locking doors...
Given how tightly those cards are held to the vest for competitive purposes, the terms certainly wouldn't be shared with the systems instructors, regardless if they work for Airbus, AA, or Timco.
I also know that the guys who did the fleet planning & purchasing sat one floor up from me, and they all had offices with locking doors, as opposed to the cubicles that every other person at their job level had. That says they had documents which had to be kept fairly confidential. Even the managers in HR and Finance didn't have doors, let alone locking doors...
Given how tightly those cards are held to the vest for competitive purposes, the terms certainly wouldn't be shared with the systems instructors, regardless if they work for Airbus, AA, or Timco.
D
Deleted member 14439
Guest
I had a mix of twu and management instructorseolesen said:
xUT
Veteran
Kind of off topic (so sad-me bad) but did anyone go to training in Toulouse?
I had a great time there!
Just asking, maybe I should start a new thread if there is any interest...
B) xUT
I had a great time there!
Just asking, maybe I should start a new thread if there is any interest...
B) xUT
Similar threads
