On a brighter note
- Thread starter FA Mikey
- Start date
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On 7/21/2003 1
39 PM DFWCC wrote:
DFWCC says, Don''t miss read me. I love STL I was there for 2 months as part of the transition team. I made some freinds and I know they are hard working people there. I also must say I thought their work load was more than at the DFW hub. They did a great job with what they had and I really admired them. I am truly sorry things could not have worked out better for all concerned.
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Thanks DFWCCOn 7/21/2003 1
39 PM DFWCC wrote: DFWCC says, Don''t miss read me. I love STL I was there for 2 months as part of the transition team. I made some freinds and I know they are hard working people there. I also must say I thought their work load was more than at the DFW hub. They did a great job with what they had and I really admired them. I am truly sorry things could not have worked out better for all concerned.
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What''s the Senority in DFW FSC
Maybe some hard working men and women will be down there.
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On 7/21/2003 4
37 PM mwa wrote:
It is virtually certain that AA could not get DIP financing after the motgaging of the remainder of the fleet. What stops them from doing a prepackaged filing with the present cash on hand?? A lot smoother transition it would appear.
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Maybe, maybe not. Although it is true that the latest financing was secured by the last remaining unencumbered section 1110-eligible aircraft, AA still has over $1.7 billion of other unencumbered aircraft, according to last week''s conference call. Add to that the other unencumbered properties that AA could mortgage if need be.On 7/21/2003 4
37 PM mwa wrote: It is virtually certain that AA could not get DIP financing after the motgaging of the remainder of the fleet. What stops them from doing a prepackaged filing with the present cash on hand?? A lot smoother transition it would appear.
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If AA does initiate a filing next winter, you can count on the availability of DIP financing. It won''t be on terms as favorable as might have accompanied a March, 2003 filing, but it will be available.
Besides, with the employee concessions plus other party concessions, the negative cash flow has been stemmed, and the company achieved most of the savings associated with a chapter 11 filing without the typical expenses such as bookaway or administrative costs of a bankruptcy (lawyers, accountants, bankers, etc.).
