brokenwrench
Senior
- Oct 27, 2006
- 482
- 16
Classless comment.
DL Holds Key
- Thread starter chucky
- Start date
Classless comment.
brokenwrench
Senior
- Oct 27, 2006
- 482
- 16
1991.
All under wing employees that were hired in the asset purchase were given full time credit for pay and could exercise 1/3 of their seniority for bidding in the first year. 2/3 in the second year and could exercise full seniority for bidding on the third and subsequent years.
All under wing employees that were hired in the asset purchase were given full time credit for pay and could exercise 1/3 of their seniority for bidding in the first year. 2/3 in the second year and could exercise full seniority for bidding on the third and subsequent years.
NYCDelta
Senior
That comment is completely inappropriate and proves what an *ss you are.
metopower
Veteran
- Nov 28, 2006
- 932
- 313
Thanks....Brokenwrench I take it that it was a purchase of assets not a merger. Was Delta required to keep the former Pan Am employees ? Did they come over in seniority or did they have to apply? If they had to apply then why would Delta intergrate them and not put them on the bottom of the list like American ? Was Delta trying to be fair in some way or did they have to do that because of Pan Am's unions ?
brokenwrench
Senior
- Oct 27, 2006
- 482
- 16
This is the way I understood it. It was an asset purchase, UAL grabbed most of Pan Am's South American routes and I have no idea how they handled the employees. The Pan Am folks on the TechOps side that Delta took were mainly to keep the A310 ETOPS program intact. They did have to interview, so to speak. Years latter I worked with an ex Pan Am guy and according to him one of the directors for MTC (Delta) was in JFK and asked him if he wanted to go to DL when the buy out was final. As this was a raise he said sure. That was about it for his interview. My personal opinion is that they were trying to be as fair as possible.
As for InFlight they had some sort of formula for intergrating everyone. And of course ALPA is ALPA.
As for InFlight they had some sort of formula for intergrating everyone. And of course ALPA is ALPA.
North by Northwest
Veteran
Of course it is...FOR YOU. I've got a few others just as "classy" as the one above. But, I'm a little "classier" than that. Nice mouth...for a trailer park. The TRUTH is never appropriate in the real world.
As for the Pan Am Delta deal.
It was a brokered deal...just as the United (hats off to United for treating the PAA folks VERY well/fair) deal was...employees go with routes and assets (after all, it was they who built them). A deal Delta agreed to to win the bid. In the end, Delta did not honor the deal, thus forcing the end of Pan Am. Delta than forced Pan Am Cabin crew (those that had language proficiency to Delta's standard. That was a joke as Delta knew nothing of the International world) to accept a 1 year for 3 with a % of theirs protected at the top (I believe some were made to interview, of which Delta was sued for discriminatory hiring practices (Pan Am crew members won). I know nothing of the pilots. I didn't even entertain the thought of working there. The culture wasn't for me.
metopower
Veteran
- Nov 28, 2006
- 932
- 313
I have flown with both pilots and f/a's from the former Pan Am. Great people who did their jobs very well. I thank you for your decision.
JAMAKE1
Veteran
Uh huh. I'm sure that DC-9 flights to Des Moines and Duluth were much more up your alley...
JAMAKE1
Veteran
North by Northwest
Veteran
The pleasure was all mine.
"Uh huh. I'm sure that DC-9 flights to Des Moines and Duluth were much more up your alley..."
Yes, and ALL of ASIA. (unlike your many years stuck in Peoria-Indy on a 737...)
NewHampshire Black Bears
Veteran
- Aug 20, 2002
- 10,154
- 681
I've said it(already) a number of times, so once more won't hurt.
DL is/will be very fortunate that there is a carrier like UAL, who is ready/willing and able to "reinvent" themselves for DL.
If NOT, coupled with "no way jose' "...LCC,.... DL would/will find themselves in an...."Interesting" position, as fuel climbs into the "Stratosphere" !
DL is/will be very fortunate that there is a carrier like UAL, who is ready/willing and able to "reinvent" themselves for DL.
If NOT, coupled with "no way jose' "...LCC,.... DL would/will find themselves in an...."Interesting" position, as fuel climbs into the "Stratosphere" !
DAL currently down 14% today alone - trading at $11.50. Current market cap of just over $3 billion, about half of its peak a year ago. Whatever happened to the claims that DL had a value of $12 billion+ ?? Never was realized, as its market cap peaked at about $6 billion.
brokenwrench
Senior
- Oct 27, 2006
- 482
- 16
Delta says in its reorganization plan, that after bankruptcy it will be worth $9.4 billion to $12 billion.
Parker said his company's analysis of Delta's stand-alone plan values Delta at $5.5 billion to $6.9 billion.
The 20% bump in value of US Airways' (LCC) offer — to $10.2 billion from the $8.5 billion it initially offered on Nov. 15 — came just two days after US Airways officials met with former Continental CEO Gordon Bethune, a consultant to Delta's creditors committee.
It seems that nobody was counting on $100 barrel oil. Better forget about what an airlines market cap is and hope that the company you work for has a low debt and the cash flow to service it. BTW, if the DL/US deal had gone thru that combined company would have had neither low debt or the cash flow to service it. The pink slips would have been flying!
