USA320Pilot
Veteran
- May 18, 2003
- 8,175
- 1,539
I urge you to recall the PHL ALPA Captain Rep, PHL First Officer Rep, and the PHL Secretary/Treasurer.
Regards,
USA320Pilot
Regards,
USA320Pilot
Attention Phl Based Pilots
- Thread starter USA320Pilot
- Start date
More Facts and Less Emotion
Member
- Feb 10, 2004
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Why?
ClueByFour
Veteran
- Aug 20, 2002
- 3,566
- 37
I'll bet, based on the letter than went out to the PHL pilots, that these individuals probably led the charge in the MEC meeting to send the negotiating committee for lack of returns.
SoldWholeSale
Advanced
- Mar 4, 2004
- 230
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USA320,
I smell panic. I have also read the statement from both the PIT and PHL councils and what they did was very smart and deliberate. This did not stop or even slow the process. Remember, targeting a segment of the employee group (MidAtlantic) is illegal and violates article 13 (duty of fair representation) of the Railway Labor Act and the MEC is already wisely braced for action to that end.
I am sure the MEC will once again sell we junior pawns to save your precious hide. Just remember, about the same time you have nothing left to give the beast dies. Do you want something really good until the near end, or something which breaks you at the same pace so that when it does finally die you have nothing left either?
I would consider myself very well informed. If your knee jerk reaction is to recall, you make your own bed..... What if that document were signed? How about this, MAA grows and spins, USAirways files Chapt. 7, and there is no longer an APL to flow at MAA and the very people who signed the "anything you want on scope" agreement have no place to go. Even the J4J guys on the seniority list at Mesa/CHQ/TSA/PSA would be better off. Carefull of that double edge sword.
Either way, anyone smart will get started on their resume. Can't polish a turd!
Do I sound jaded?
:blink:
I smell panic. I have also read the statement from both the PIT and PHL councils and what they did was very smart and deliberate. This did not stop or even slow the process. Remember, targeting a segment of the employee group (MidAtlantic) is illegal and violates article 13 (duty of fair representation) of the Railway Labor Act and the MEC is already wisely braced for action to that end.
I am sure the MEC will once again sell we junior pawns to save your precious hide. Just remember, about the same time you have nothing left to give the beast dies. Do you want something really good until the near end, or something which breaks you at the same pace so that when it does finally die you have nothing left either?
I would consider myself very well informed. If your knee jerk reaction is to recall, you make your own bed..... What if that document were signed? How about this, MAA grows and spins, USAirways files Chapt. 7, and there is no longer an APL to flow at MAA and the very people who signed the "anything you want on scope" agreement have no place to go. Even the J4J guys on the seniority list at Mesa/CHQ/TSA/PSA would be better off. Carefull of that double edge sword.
Either way, anyone smart will get started on their resume. Can't polish a turd!
Do I sound jaded?
:blink:
Phoenix
Veteran
- Apr 16, 2003
- 8,584
- 7,430
:down: Some how I just knew we could count on your panic. Don't worry so much. If this company is run so poorly that the first time ALPA says no in 15 years would actually shut the doors, then by golly the doors need to be shut.USA320Pilot said:
And so what if they shut the doors. I left and have a much better job now. It took 9 months to find a better job but you might be able to find one too.
OP
USA320Pilot
Veteran
- May 18, 2003
- 8,175
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- Thread Starter
- Thread starter
- #7
SoldWholeSale:
There's no panic, it's about living in the 21st century and reality-based thinking.
Regards,
USa320Pilot
There's no panic, it's about living in the 21st century and reality-based thinking.
Regards,
USa320Pilot
savyinvestor
Senior
- Jan 15, 2003
- 494
- 0
Sure reads like someone is panicking. Most respectfully, SavyUSA320Pilot said:
SoldWholeSale
Advanced
- Mar 4, 2004
- 230
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Which coast does your sun set on?
Reality....PDT and ALG are made to merge. Is happening one way or another. Another fact, MAA employees have PDT employee #'s, SSO, administration, as well as insurance provider. 40+ ERJ's and 50-80 Dash-8's is a pretty good sized airline for an IPO or spin. That happens, the scope you want so badly would allow the cord to be cut and if/when U takes her last breath there would be no chance of J4J unless voted in by the pilots at that carrier. I sorely doubt either the junior U pilots who were soldwholesale or the PDT/ALG pilots would volunteer to throw a life line. Those airplanes could be painted and in service to feed UAL in IAD where they need it very badly in a very short time...... UAL already has ERJ-170's on the way with Republic, MAA is training their pilots right now. This isn't a far fetched reality.
Take a deep breath. You have been trained to deal with an emergency and panic/rapid action are seldom required. You need to have things spelled out in the form of flow, fragmentation, seniorty, longevity, and scope as badly as anyone.
Give PSA 50/50 on the -700's, those are their airplanes anyway, we weren't fighting to fly their -328's. Bring the 170's on as fast as we can. Don't sweat WHEN it is announced that 40+ 737's are in fact sold to FedEx (yes really) and some 320's replace them. Lots of change on the way. Mesa to have 737's in PIT by July. The whole outfit is for sale, tie yourself to something that floats and charge the MEC with figuring out how to rescue those clinging to the wreckage.
Good luck
Reality....PDT and ALG are made to merge. Is happening one way or another. Another fact, MAA employees have PDT employee #'s, SSO, administration, as well as insurance provider. 40+ ERJ's and 50-80 Dash-8's is a pretty good sized airline for an IPO or spin. That happens, the scope you want so badly would allow the cord to be cut and if/when U takes her last breath there would be no chance of J4J unless voted in by the pilots at that carrier. I sorely doubt either the junior U pilots who were soldwholesale or the PDT/ALG pilots would volunteer to throw a life line. Those airplanes could be painted and in service to feed UAL in IAD where they need it very badly in a very short time...... UAL already has ERJ-170's on the way with Republic, MAA is training their pilots right now. This isn't a far fetched reality.
Take a deep breath. You have been trained to deal with an emergency and panic/rapid action are seldom required. You need to have things spelled out in the form of flow, fragmentation, seniorty, longevity, and scope as badly as anyone.
Give PSA 50/50 on the -700's, those are their airplanes anyway, we weren't fighting to fly their -328's. Bring the 170's on as fast as we can. Don't sweat WHEN it is announced that 40+ 737's are in fact sold to FedEx (yes really) and some 320's replace them. Lots of change on the way. Mesa to have 737's in PIT by July. The whole outfit is for sale, tie yourself to something that floats and charge the MEC with figuring out how to rescue those clinging to the wreckage.
Good luck
OP
USA320Pilot
Veteran
- May 18, 2003
- 8,175
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- #10
SoldWholeSale:
I understand your situation, but I respectfully disagree your comments.
Regards,
USA320Pilot
I understand your situation, but I respectfully disagree your comments.
Regards,
USA320Pilot
SoldWholeSale
Advanced
- Mar 4, 2004
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Hey, good luck.......
BoeingBoy
Veteran
- Nov 9, 2003
- 16,512
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- Banned
- #12
USA320Pilot,
Cool your jets just a little - the sky isn't falling.
From something you posted on the ALPA site, it appears you believe that if KPMG issues another "going concern" letter, we will be in default of the ATSB loan - which could lead to liquidation.
Wrong, my friend. According to what the company has said about the revised covenants, as long as the "going concern" letter is there we must maintain $700 million in "cash" or the principal outstanding (whichever is less). Once the letter is gone, the "cash" requirement drops.
In theory, KPMG could give us a "going concern" statement in every quarterly report and nothing would happen as long as we meet the other covenants.
Jim
Cool your jets just a little - the sky isn't falling.
From something you posted on the ALPA site, it appears you believe that if KPMG issues another "going concern" letter, we will be in default of the ATSB loan - which could lead to liquidation.
Wrong, my friend. According to what the company has said about the revised covenants, as long as the "going concern" letter is there we must maintain $700 million in "cash" or the principal outstanding (whichever is less). Once the letter is gone, the "cash" requirement drops.
In theory, KPMG could give us a "going concern" statement in every quarterly report and nothing would happen as long as we meet the other covenants.
Jim
OP
USA320Pilot
Veteran
- May 18, 2003
- 8,175
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- Thread Starter
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- #13
BoeingBoy:
Today Bloomberg News published a report that said if KPMG issues a second "going concern" letter than the company would be in violation of the revised ATSB loan guarantee covenants.
Sir, with all due respect, you're wrong.
Regards,
USA320Pilot
Today Bloomberg News published a report that said if KPMG issues a second "going concern" letter than the company would be in violation of the revised ATSB loan guarantee covenants.
Sir, with all due respect, you're wrong.
Regards,
USA320Pilot
BoeingBoy
Veteran
- Nov 9, 2003
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- #14
USA320Pilot,
I was merely stating what the company said....if they're wrong about this then we're in more trouble than even I suspected.
From the 3/12/04 press release issued by the company:
"US Airways also agreed to a loan covenant that its minimum unrestricted cash balance would not fall below the lower of $700 million and the outstanding balance of the loan at each month until its "going concern paragraph" is removed, at which point the unrestricted cash covenant will be reduced to $500 million."
Or maybe Bloomberg got it wrong? Nah, the media is always right.
Jim
I was merely stating what the company said....if they're wrong about this then we're in more trouble than even I suspected.
From the 3/12/04 press release issued by the company:
"US Airways also agreed to a loan covenant that its minimum unrestricted cash balance would not fall below the lower of $700 million and the outstanding balance of the loan at each month until its "going concern paragraph" is removed, at which point the unrestricted cash covenant will be reduced to $500 million."
Or maybe Bloomberg got it wrong? Nah, the media is always right.
Jim
