Dip & Exit Financing

[USA320Pilot]

Do not be surpirsed if US Airways announces contingent DIP & exit financing agreements that will require full labor participation in the new business plan to obtain the funds. The announcement may come before the December 2 S.1113© hearing to apply more pressure on the unions to obtain new CBA's and without consensual deals, increase the pressure on Judge Mitchell to "impose" new contract terms that prohibit "self help".

If history repeats itself, expect the company's union proposals to get worse before December 2.

Respectfully,

USA320Pilot

 

[michael707767]

If history repeats itself, expect the company's union proposals to get worse before December 2.

Respectfully,

USA320Pilot

[post="202580"][/post]​

if history repeats itself, the company will be back to the pilots for more cuts within a year.....and you will cave once more.

 

[Winglet]

Yet another fear grenade from the Lorenzo school of exploitation.

 

[delldude]

i once again made my weekly contribution to dip and exit financing..... :down:

 

[Pacemaker]

Of course they will demand more from the pilots to satisfy the new investor and enable exit from Ch. 11. I'd guesss what's left of the DC plan and retiree medical insurance will be in their crosshairs.

 

[TheDog2004]

US Airways won't be coming back for more concessions.

If this round doesn't make them profitable then US Airways will die. It is probably already dead - it just hasn't been taken off of life support.

 

[Schatzee]

if history repeats itself, the company will be back to the pilots for more cuts within a year.....and you will cave once more.

[post="202637"][/post]​

I don't think that even A320 can handle another trip behind the barn. I would have thought by now that he would need some plastic surgery getting things tightened up??? :mf_boff:

 

[OldGuyinPA]

The only dip I know is......


Nah that's to easy.............

 

[RowUnderDCA]

I don't think that even A320 can handle another trip behind the barn. I would have thought by now that he would need some plastic surgery getting things tightened up??? :mf_boff:

[post="202658"][/post]​

So, you guys spend a lot of time thinking about that don't you? So you've got a barn in this vision and a need for surgery as a consequence. Wow, is there a narrative to go along with this vision? Can we come up with some other metaphor for a week, please?

Hasn't the 'will of the financial community' really been the subtext of all this anyway? It seems that it really has to be one way or the other. Either the financial community buys the idea that management is putting forward or they're going to pull the plug.

 

[mrfish3726]

A320

What financial institution would be crazy enough to back a potential CH7 risk like USAIR?? They, like UAL have no one that wants to continue to pump good money into bad. Why do you think the cuts are so deep? Because the employee groups at USAIR and UniTED are the DIP finaciers thats why!!!

You are nuts A320!!! You need to face reality and GET A LIFE!!!! Get that resume polished up, because after the first of the year your going to REALLY NEED IT!

 

[BusFlt321]

Actually once all the labor deals are done we will have the lowest employee costs in the industry. You may see multiple DIP and exit financing bids. Once the the labor deals are in place we wiill make record profits in the spring quarter..and I believe numerous financial entities will see this...and we are on our way to better times..we'll get some back with profit sharing!

 

[Phoenix]

You know Mr Fishturd I prefer to do my gloating AFTER the game is over. And in the words of Yogi Berra, "It ain't over 'til it's over", So do us all a favor and ESAD!

[post="202724"][/post]​

You been to any basketball games lately??

 

[mrfish3726]

BUSFLT321,

You got to be kidding me, RIGHT??? I really don't think that all the labor groups are going to be so cooperative as the pilot group was. You will probably see the AFA and the IAM both getting their contracts abrogated and then they will seek self help, STRIKE and shut USAIR down. That's how it is truly going to play out after the first of the year. US won't even be operating this spring!!!

 

[BostonTerrier]

That's how it is truly going to play out after the first of the year. US won't even be operating this spring!!!

[post="202736"][/post]​

mrfish3726,

What's wrong, fish? No one at the United board wants to play with you anymore? Sad and all, with no forum to call your own.

Best,
BT

 

[ClueByFour]

Actually once all the labor deals are done we will have the lowest employee costs in the industry. You may see multiple DIP and exit financing bids. Once the the labor deals are in place we wiill make record profits in the spring quarter..and I believe numerous financial entities will see this...and we are on our way to better times..we'll get some back with profit sharing!

[post="202727"][/post]​

And the highest non-labor costs in the industry. If you worked for free, you still would not approach LUV's CASM.

So why on earth would anyone invest?