Pacemaker
Senior
- Sep 3, 2002
- 475
- 0
UYH,
Sorry, I'm in the middle of a trip. Normally flying leaves me out of touch with the net but this hotel has a computer available.
Believe me, I take no glee in what I see as the sure demise of U. On the other hand, and seeing the sure demise coming, I don't see much use in a fruitless attempt to "save" it again - will this be the 5th or 6th time now....
I've mentioned my plans for the future without U before. I won't go into them again here for the sake of brevity - you can look them up.
Lastly, the predictions of the advisors are interesting. On the one hand they say without a ratified TA, we liquidate. On the other hand, without a ratified TA the court will impose much worse in 1113c proceedings. Seems to me you can't have it both ways - if we liqiidate there'll be no 1113c proceedings, if there are 1113c proceedings we didn't liquidate.
Unlike your screen name, I have used my head. If you happen to be one of those who clutter their hard drive with all the previous postings from the ALPA board, look up what I was saying over a year ago. I knew this place was in trouble then. I said that the TP was failing before Siegel did. I said the ATSB covenants would be broken before the company had to renegotiate them. I said the business model had to be changed before there was another new TP. Lastly, I've said all along that concessions will not save this airline. I guess we'll soon see if I was ultimately right.
All one has had to do was some research. No inside sources or anything. The handwriting has been on the wall for over a year now.
Jim
Sorry, I'm in the middle of a trip. Normally flying leaves me out of touch with the net but this hotel has a computer available.
Believe me, I take no glee in what I see as the sure demise of U. On the other hand, and seeing the sure demise coming, I don't see much use in a fruitless attempt to "save" it again - will this be the 5th or 6th time now....
I've mentioned my plans for the future without U before. I won't go into them again here for the sake of brevity - you can look them up.
Lastly, the predictions of the advisors are interesting. On the one hand they say without a ratified TA, we liquidate. On the other hand, without a ratified TA the court will impose much worse in 1113c proceedings. Seems to me you can't have it both ways - if we liqiidate there'll be no 1113c proceedings, if there are 1113c proceedings we didn't liquidate.
Unlike your screen name, I have used my head. If you happen to be one of those who clutter their hard drive with all the previous postings from the ALPA board, look up what I was saying over a year ago. I knew this place was in trouble then. I said that the TP was failing before Siegel did. I said the ATSB covenants would be broken before the company had to renegotiate them. I said the business model had to be changed before there was another new TP. Lastly, I've said all along that concessions will not save this airline. I guess we'll soon see if I was ultimately right.
All one has had to do was some research. No inside sources or anything. The handwriting has been on the wall for over a year now.
Jim