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I have to say that I agree with you.I didn't bring my Braniff time with me when I came to U.This could turn into a real mess,everyone that came from another carrier will want their time.justaumechanic said:Why is this "Fair"?
When the Trump Mechanic left Eastern they signed a release agreement. They left Eastern.. So why should they get their Eastern Time Back?
Someone fill me in on this..
I worked at Lockheed and United, I left both, both were IAM.. Do I get all my IAM time from these places because I left of my own free will?
When the Trump guys left Eastern they left of their own free will. No one forced them to go.. So why do they get their Eastern Time?
I had no problem giving them their Trump Time.. They started with Trump, got bought out by US, they should have what they earned..
On that though why did we give the Empire guys their time back? They were Non Union!!! Piedmont put them at the bottom of the list because they were Non Union.. That were they should have stayed when we merged..
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PineyBob said:Perhaps you could consult with Governor Jim McGreevy on exactly how to do that if required. Just leave me out of it OK?
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mwereplanes said:Piney:
Right track, wrong people.
If you listen very carefully to what Lakefield stated yesterday in his weekly message he alluded to attracting new capital. RSA does not want to go to C11 for a number of reasons but, IMO, the biggest reason is because they may very well lose control of U. Once inside C11 there will be other interested parties who will look to provide DIP financing. Sort of like the bidding war between RSA and Texas Pacific Group the first time.
Why would anyone WANT to provide U with DIP financing after we file? We made 34 million bucks in a quarter when nearly everyone else lost money. With fuel at ridiculous prices, with an operation that is average at best, with a CSM higher than most everyone else and with an incompetent management who has crapped on employees since Hector was a pup. In other words, there is a profit machine hiding under the wreckage of the mismanagement that has thrived here over the last 10 or 20 years.
RSA understands that. You may well be correct with what they HOPE to do but I see other entities (possibly Texas Pacific) fighting it out with RSA for control. Listen to Lakefield's message very carefully. Bronner stands a very real chance of losing control of this airline inside of C11. He may come out on the losing end of a DIP financing bidding war. There is tremendous potential at US Airways. With competent management, a solid revenue model and the correct operational and labor productivity. Bronner and Lakefield know it. So do others.
mr
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PITbull said:Mwereplanes,
You hit the nail smack on the head, as usual.
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PineyBob said:Good Grief, Cav it was a joke! You said "mark it down and if I am wrong I will out myself on the national news." Well what MAJOR public figure just "Outed" himself in the National Media! I thought just maybe a little levity between the latest sky is falling, Management Evil, Full Pay to the last day post might be appreciated.
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cavalier said:I predict you both are wrong and U is on it's last leg of it's turbulent flight heading downwind into the abyss.
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PITbull said:Cav,
We can disagree without being disagreeable for long...GE wants this airline and so does RSA.
There is a profit making maching underneath all the "doom and gloom" conspiracy that management has set up to hammer labor.
This co. has THE potential to bust out at the seams with cash hand over fist. The co. used their "majic math" to post a small profit cause they just couldn't "hide" as much as they would have liked to. Trust, that they didn't want to show any profit.
The RJs are being deliverd. WE will have 21 by Sept. 1 with approx 65 more to go by 2006. Does that give an appearance of a company that is dying and going over a cliff?... ah, I don't think so.
Somke & Mirrors, my friend, at an all time high! B) Don't let them sweep you up in that garbage. They just want your wallet...all of it.
'PS: Tried to book a flight to go to the Olympics in AThens yesterday. at around 9:30 p.m. a 75 min hold on the phone just to get some information on how to get there and cost. Tried a second time and the hold then was 81 minutes. Ended up not booking or buying a ticket and got no opportunity to speak to anyone. I am also a Dividend mile flyer and wanted to see if I could use some of my miles to go. I checked the flights on the internet and they are FULL, FULL, FULL. All the way out to Sept 6. There is some availability on Aug 30, and 31. But can't get back.
So someone tell me how we are going out of business? Of course, givin the big mouth of Dr. Bonehead giving the illusion of a BK threat....yea, the booking will slow down for sure. (A self-fullfiling prophecy)
If we go into BK...it will be an all time major rip-off of the American people and the institution of good-fiath bargaining Vs. stealing what you can legally.
Lorenzo is alive and well living at USAirways.
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