USA320Pilot
Veteran
- May 18, 2003
- 8,175
- 1,539
Multi-union resolution
whereas, the Pittsburgh Post-Gazette wrote on January 13 that Mesa Air Group is now interested in acquiring US Airways’ assets,
whereas, Mesa chief executive Jonathon Ornstein said, "We have expressed our interest," but he hoped that US Airways could lower its costs and solve its financial problems this year, thereby eliminating any need to sell some of its assets. But if that doesn't happen, "We would aggressively pursue any opportunities that may develop," he said.
whereas, Mesa's labor costs are less than those at US Airways, allowing Ornstein to make any of US Airways' assets immediately profitable, he said. "Don't underestimate what can happen when you overlay a new cost structure," he said.
whereas, Ornstein said he would be interested in the US Airways Express commuter operations, of which his company is already a code-sharing partner, as well as the coveted Washington-New York-Boston shuttle.
whereas, US Airways negotiated with the Allegheny County Airport Authority to operate 10 gates on a long-term lease and 40 gates on a month-to-month basis,
whereas, Bloomberg News reported on January 12 that two long-time US Airways observers noted that the whole (Pittsburgh) issue is not about debt, but the carrier’s inability to draft a long-term strategy. "It is not so much a question of wrangling out a more advantageous lease for the remaining 40 gates," said William Lauer, of Allegheny Capital Management and an airline investor. "It is more of a matter of US Airways making an internal decision on asset allocations that may not include Pittsburgh at all. The issue is what do they do with the Pittsburgh mainline fleet. Do they move it westward, for example, or are there opportunities that may open up with United and its bankruptcy? This is quite murky at the moment. Pittsburgh has always been a hostage to the resolution of the United situation," Lauer said.
whereas, Michael Roach, an associate with Unisys Corp. and a co-founder of America West Airlines, was blunt in his assessment of the deal. "They took the locals for a ride. They signed the deal for 10 gates so they could lower charges as a signatory airline. It is a good deal for US Airways. They clearly don’t think much of the Pittsburgh hub. It would seem they are just playing for time. They can’t downsize without going out of business. Roach said.
whereas, in December airline analyst Mike Boyd said US Airways chairman David Bronner could cherry pick United assets such as gates in Denver and Chicago; as well as aircraft with reports that Bronner’s Retirement Systems of Alabama (RSA) holds the debt on some of United’s debt,
whereas, bankruptcy court documents indicate RSA is a large United Airlines creditor, who 32nd on the list.
whereas, Allegheny County chief executive officer Don Onorato told the Pittsburgh Post-Gazette on January 13 he is concerned US Airways could fold or merge with another carrier,
whereas, US Airways has specific loan guarantee covenants that if violated could lead to an involuntary bankruptcy filing, which many analyst’s believe could be a Chapter 7 liquidation,
whereas, US Airways chairman David Bronner has 51% US Airways board of directors voting power and can unilaterally make airline strategic decisions,
whereas, Bronner could decide in February to fragment the airline and divest of the company’s assets to prevent a loan guarantee default and bankruptcy filing,
whereas, Bronner has made it clear he has no intention of replacing US Airways chief executive officer Dave Siegel,
whereas, without new US Airways labor accords to reduce costs principally in "work rule" changes, which have been requested by management, the lack of new accords designed to average down unit costs, could lead to a memorandum of understanding negotiated between Mesa Air Group and US Airways -- that could include an offer to transfer mainline employees to Mesa to operate the Shuttle and other assets -- which would comply with ALPA Merger & Fragmentation policy,
therefore be it resolved, it may be in the best interest of the employees that their union leaders meet with management to hear the rumored "transformation plan",
therefore be it further resolved, it could be very important for the individual labor group Negotiating Committees to discuss with management how the company can return to profitability and grow the airline, then when would now be a good time to hold these meetings?
Respectfully,
USA320Pilot
whereas, the Pittsburgh Post-Gazette wrote on January 13 that Mesa Air Group is now interested in acquiring US Airways’ assets,
whereas, Mesa chief executive Jonathon Ornstein said, "We have expressed our interest," but he hoped that US Airways could lower its costs and solve its financial problems this year, thereby eliminating any need to sell some of its assets. But if that doesn't happen, "We would aggressively pursue any opportunities that may develop," he said.
whereas, Mesa's labor costs are less than those at US Airways, allowing Ornstein to make any of US Airways' assets immediately profitable, he said. "Don't underestimate what can happen when you overlay a new cost structure," he said.
whereas, Ornstein said he would be interested in the US Airways Express commuter operations, of which his company is already a code-sharing partner, as well as the coveted Washington-New York-Boston shuttle.
whereas, US Airways negotiated with the Allegheny County Airport Authority to operate 10 gates on a long-term lease and 40 gates on a month-to-month basis,
whereas, Bloomberg News reported on January 12 that two long-time US Airways observers noted that the whole (Pittsburgh) issue is not about debt, but the carrier’s inability to draft a long-term strategy. "It is not so much a question of wrangling out a more advantageous lease for the remaining 40 gates," said William Lauer, of Allegheny Capital Management and an airline investor. "It is more of a matter of US Airways making an internal decision on asset allocations that may not include Pittsburgh at all. The issue is what do they do with the Pittsburgh mainline fleet. Do they move it westward, for example, or are there opportunities that may open up with United and its bankruptcy? This is quite murky at the moment. Pittsburgh has always been a hostage to the resolution of the United situation," Lauer said.
whereas, Michael Roach, an associate with Unisys Corp. and a co-founder of America West Airlines, was blunt in his assessment of the deal. "They took the locals for a ride. They signed the deal for 10 gates so they could lower charges as a signatory airline. It is a good deal for US Airways. They clearly don’t think much of the Pittsburgh hub. It would seem they are just playing for time. They can’t downsize without going out of business. Roach said.
whereas, in December airline analyst Mike Boyd said US Airways chairman David Bronner could cherry pick United assets such as gates in Denver and Chicago; as well as aircraft with reports that Bronner’s Retirement Systems of Alabama (RSA) holds the debt on some of United’s debt,
whereas, bankruptcy court documents indicate RSA is a large United Airlines creditor, who 32nd on the list.
whereas, Allegheny County chief executive officer Don Onorato told the Pittsburgh Post-Gazette on January 13 he is concerned US Airways could fold or merge with another carrier,
whereas, US Airways has specific loan guarantee covenants that if violated could lead to an involuntary bankruptcy filing, which many analyst’s believe could be a Chapter 7 liquidation,
whereas, US Airways chairman David Bronner has 51% US Airways board of directors voting power and can unilaterally make airline strategic decisions,
whereas, Bronner could decide in February to fragment the airline and divest of the company’s assets to prevent a loan guarantee default and bankruptcy filing,
whereas, Bronner has made it clear he has no intention of replacing US Airways chief executive officer Dave Siegel,
whereas, without new US Airways labor accords to reduce costs principally in "work rule" changes, which have been requested by management, the lack of new accords designed to average down unit costs, could lead to a memorandum of understanding negotiated between Mesa Air Group and US Airways -- that could include an offer to transfer mainline employees to Mesa to operate the Shuttle and other assets -- which would comply with ALPA Merger & Fragmentation policy,
therefore be it resolved, it may be in the best interest of the employees that their union leaders meet with management to hear the rumored "transformation plan",
therefore be it further resolved, it could be very important for the individual labor group Negotiating Committees to discuss with management how the company can return to profitability and grow the airline, then when would now be a good time to hold these meetings?
Respectfully,
USA320Pilot
If i was dave get rid of every union and start over
