Dave's Message

[Traveler]

Traveler,

Cogent points - until something actually happens it is not carved in stone.

This on ATA's exchange of debt offer...

The Exchange Offers are also conditioned on receiving the consent of the Air Transportation Stabilization Board (the "ATSB"). The Company believes it has reached an agreement in principle with the ATSB pursuant to which the ATSB will provide its consent to the Exchange Offers. The Company has been working with the ATSB and expects to receive their written consent as required by the Exchange Offers. Accordingly, the Company expects that it will not extend the expiration date of the Exchange Offers again and that it will complete the exchanges (including the cash payments) and consummate the other transactions contemplated by the Exchange Offers on Friday, January 30, 2004.

Jim

Excellent example.

 

[cavalier]

Well the employees at UAL and AA forced out their CEOs by not signing on to concessions till they were removed.

Hint Hint, maybe we need to do the same?

Pilots are going to do exactly what you said in another thread.... They will say, we will, ONLY if everyone else lays down and plays nice.

This will be fun to watch because everyone I come across is voting no, but let us all see what those no votes add up to. <_<

 

[Harry Callahan]

Sorry to not be upbeat but no way can I believe Dave & I've been there and done it with another airline. Life goes on...

 

[cavalier]

Sorry to not be upbeat but no way can I believe Dave & I've been there and done it with another airline. Life goes on...

Everytime that I look in the mirror

All these lines on my face gettin' clearer

The past is gone

It went by like dust to dawn

Isn't that the way

Everybody's got their dues in life to pay



I know nobody knows

Where it comes and where it goes

I know it's everybody's sin

You got to lose to know how to win



Half my life's in books written pages

Lived and learnd from fools and from sages

You know it's true

All these things come back to you

 

[28yearsnojob]

:down: These guys cost me 80000.00 in stock down the drain not one cent from
this guy

 

[N628AU]

:down: These guys cost me 80000.00 in stock down the drain not one cent from
this guy

I am sorry, but if you had $80K in stock in any company in a highly cyclical industry like an airline, you would be crazy to keep so many eggs in one basket. The only way you should have kept so much is if you had closer to a million invested in other instruments.

 

[pitguy]

He still lost the money though. Lots of us lost that amount and more. You may say it is foolish, but the loses were realized. Give I am giving them nothing. Shut it down if they want.

 

[pitguy]

The next 30 to 90 days is critical because without new labor accords the S&P credit rating could drop to C+. If that occurs, then GECAS will pull the MDA RJ financing and we could then likely fall into default of the ATSB loan -- without the MDA RJ revenue.

If that occurs there will be additional asset sales, which is why Siegel reiterated that the airline is considering selling assets, but he said: "While everything is on the table, it is not inevitable that the company will have to spin or sell assets off." Further, Siegel said, he doesn't see another bankruptcy filing from US Airways "in any kind of relevant time horizon."

Without labor accords the company will not enter bankruptcy, it will just sell chunks of the company to protect Bronner's investment and prevent a default on the loan guarantee, which could provide an involuntary bankruptcy filing where Bronner would lose about $650 million.

As I have said countless times before, if US Airways can stabilize its finances and Untied will emerge there will be a corporate combination.

Respectfully,

USA320Pilot

Are you saying that the employees could take hits to their labor contracts again (the ones Management chooses currently not to honor anyhow) and still be out the door in a merge?????

 

[insp89]

Well the employees at UAL and AA forced out their CEOs by not signing on to concessions till they were removed.

Hint Hint, maybe we need to do the same?

Pilots are going to do exactly what you said in another thread.... They will say, we will, ONLY if everyone else lays down and plays nice.

This will be fun to watch because everyone I come across is voting no, but let us all see what those no votes add up to. <_<

I agree with you about the pilots requiring everyone else to lay down before they play nice.. Seen it before. But it will not matter how many guys will vote NO . I'm sure you remember the LAST time this membership (IAM) voted NO, Only to have it overturned with a 2nd wimpering YES vote.....Expect history to repeat itself. Sad, but true....

 

[AOG-N-IT]

Well the employees at UAL and AA forced out their CEOs by not signing on to concessions till they were removed.

Hint Hint, maybe we need to do the same?

Pilots are going to do exactly what you said in another thread.... They will say, we will, ONLY if everyone else lays down and plays nice.

This will be fun to watch because everyone I come across is voting no, but let us all see what those no votes add up to. <_<

I agree with you about the pilots requiring everyone else to lay down before they play nice.. Seen it before. But it will not matter how many guys will vote NO . I'm sure you remember the LAST time this membership (IAM) voted NO, Only to have it overturned with a 2nd wimpering YES vote.....Expect history to repeat itself. Sad, but true....

Oh , Rest assured that ALPA is going to cave!!..make no bones about it !!...and while we are betting , you can bank on thier concessions being linked to the actions of the other laboring groups , as it always been.

I just hope Dave doesn't ask ALPA to Sqwat , Cluck like a Chicken and then lay eggs in his favorite colors too. :down:

BTW...While fence riding IAM'ers are pondering the next vote...take this one to heart. The current contract has been violated in more ways than your fingers and toes can calculate....then examine the increases in insurance contributions to go with the balance of the current contract. You will note that the increases for those with dependents on thier policy will eat up almost every penny of the annual increase you'll be getting between now and 2008.....and yet he's wanting more heads on a stick via work rule efficiences...and nothing is to say that W2 decreases aren't in the picture either? :angry:

Not being able to see a "Plan"...or having any trust built up based on past actions to date , does not make for a confidence building situation. Weigh your options carefully. U may not be the place that will serve all your economic needs either way you slice it in the un-certain future.

 

[insp89]

AOG, Good Post.

 

[28yearsnojob]

These IAm guys will open like they did in dec of 2002 and sell the rest
of the brothers down the drain.For once I would like to see them stand up and fight instead of bowing to there corporate GODS.They depend
on them like a child to his mother .I was sick after the last time in dec of 2002 after what they did to their so called brothers in all the small cities as well as the ones in the large hubs. FOR ONCE WHY DONT THEY GET A SET OF BA%%s.

 

[700UW]

28 how do you know what will happen? You are not a mechanic and related and you dont even work for US Airways. You seem to have a very negative attitude, and I thought I was bad.

 

[usfliboi]

his fund is worth $25 billion or more, he invested $240 million a drop in the bucket, and he made almost $100 million in profit from being the DIP financier. The $240 mill was for stock and everyone knows the stock market is just like Vegas, it is a gamble and a risk.

But I will be damned if I will let him make a profit off of my back.

You guys!!!! Where were all the other guys with heir money ???????? This guy took a risk plain and simple ITS a FACT ! Give credit where credit is dude. He has every right to get that money back and more.

 

[AOG-N-IT]

his fund is worth $25 billion or more, he invested $240 million a drop in the bucket, and he made almost $100 million in profit from being the DIP financier. The $240 mill was for stock and everyone knows the stock market is just like Vegas, it is a gamble and a risk.

But I will be damned if I will let him make a profit off of my back.

You guys!!!! Where were all the other guys with heir money ???????? This guy took a risk plain and simple ITS a FACT ! Give credit where credit is dude. He has every right to get that money back and more.

usfliboi,

You "Hammer Head" !! Nobody disputes Bronner's right at taking a chance to turn a profit. You and I have the same rights and risks involved with investing in any stock..or taking any bet that's offered up to you.

The issue is. He is not going to prosper while the rest work harder for far less...all the while having every legally binding contract ignored at thier leasure and whim.

If you are going to support or debate people whom oppose this management , at least post something that is being disputed. Keep in mind , Bronners Risk taking is no greater concern to us..as his willingness to have us working for nothing or not at all is to him. Welcome to an intersection of the Two-Way Street.