Usairway's Sales Of 737 To Fed-ex Done Deal

[ITRADE]

Tick, tock. Tick, tock. Time is running off the clock.

This board must be garnering some attention....There have been 243 visitors to the boards in the past 30 minutes.

 

[Flying Titan]

Rat,

Where did you say the press conference is being held? Just want to make sure I don't miss it.

 

[Analyst]

Ratboy

 

[Just Plane Crazy]

There has been a lot of banter as to whether or not this rumor carries any weight.

Assuming that 40 or 85 craft did have their leases transferred, again, what about the 279 limit? That number is pretty definitive and it does not seem as if the ALPA has agreed to a change of that number. At least the usual sources have not provided any info indicating that it has taken place.

So, if 279 is a fixed number, and if the lease transfer is true, then US has to get aircraft from elsewhere. I count several dozen A-319s and A-320s that are in storage around the world. A vast majority of them are Ansett Australian A-320s (CFM-56 engines) and Sabena/SwissAir A-320s (also with CFM-56 engines).

Perhaps the idea is to acquire the leases on them and acquire leases on a few additional 757s (I don't know if the National 757s are still available). Or perhaps the fabled 767 transaction will take place (after all who is the "Air Transport Group"?).

National B757 are all in service with other airliens.

 

[delldude]

ahhhhhhhhhhh!

 

[ITRADE]

C'mon. That post certainly does not dispell whether or not the rumor has any validity.

 

[tim]

I am sure you are correct, but one would think some counseling is in order.

On second thought: millions believe the end of the world is coming with the beginning of the New World Order. Satan is alive as a human ready to take over the world as soon as we all get our bar codes installed. Heck, even at work we will all be required to use our fingers to clock in and out…. tic toc tic toc . . . . ..

 

[tim]

Ratboy...I feel you should stop your lurking and come forth to abase yourself.

We all make mistakes, it's ok. . . . . .

 

[funguy2]

OK... well, I have seen no press release on this issue, but then again, US Airways normally operates more slowly than the federal government, so I would not be surprised....

I would really like to believe this rumor, because Fleet simplification should be a huge priority at US Airways right now, but the timeframe is completely unrealistic from so many angles.

1) US Airways has a schedule to run. It cannot immediately lose 50-85 aircraft. Sorry, can't happen. The cost of canceling these flights would put US Airways out of business in short order. Siegel, Bronner, etc would be sued for breach of fiduciary duties.

2) 279 aircraft limit. If US Airways violates, I am sure they will need an armada of lawyers.

3) Why would Fed Ex immediately take 50 aircraft which they presumably have no crews qualified to fly?

4) Why would Fed Ex take immediate possestion of 50 aircraft, only to have them all sit idle while waiting to get restrofitted (remove pax cabin, install cargo doors, etc).

5) While US Airways did get some ATSB loan relief for selling assets, You cannot sell your 1995 Cadillac El Dorado and go out and purchase a 2004 BMW with the proceeds. Simply put, the cash inflow from the sale won't help get the replacement airplanes ordered from Airbus. Who would finance this when they just defaulted on their loan? Airbus cannot be THAT desparate for aircraft sales. Furthermore, US Airways' pre-payment on the ATSB loan makes the immediate cash situation even more dangerous (Less cash on hand).

Again, I would like to believe this one, because the fleet needs to be addressed. And, it does not involve a certain pilot's dream... But alas, I'm not going to lose any sleep over this one... In order for anything like this to occur, there would have to be several items in place (none of which appear to be) and a transition period (i.e. US Airways deliveres 2/month to FedEx). Sorry, I have to see this one to believe it.

 

[Fly]

Wow! 13,723 hits!

 

[ITRADE]

I notice two things:

1) Ratboy is not listed as an active user within the last 30 minutes. I guess you toss in your hand grenade and leave.

2) The board has set a new activity record. Most users ever online was 299 on Mar 15 2004, 11:51 AM. Congrats to us all!

 

[Hula Girl]

Ratboy had to leave to get the door. It was the SEC knocking.

 

[delldude]

ah ha hah ............sparky got 'em...good boy...

 

[NeedForSpeedNFS]

there will be no sale of the 737's to any one. nor will virgin buy our shuttle. this is a sick rumor only to stir things up. i just want to make this clear to everyone. who ever posted this ( i think it was rathead or someone) needs to really think before he/she posts something of the matter. we are going through and emotional time here at airways. we don't need rumors to mess things up. rumors wll kill us if we keep on beleiving them. i have e-mailed seigel on this issue last night and got response today . the answer was a big NO. so rathead, chill out. <_<

WHOA!!!! E-MAILED DAVE??????? And HE said NO!!!!!!!!!!! OK I believe it!!!! its done!! no deal!!!!!! Wow, i'm relieved!!!!! (moderator edited)!! YOU really believe that FOOL?????????

 

[tim]

YOU really believe that FOOL?????????

While I certainly don't agree with Dave Siegel’s direction or mode of action taken by his labor unfriendly team, I beg to differ here. He is no ones fool. You would love to be such a fool at 40 years of age with his assets. Now, what are his eternal rewards given his decisions in this life? That’s what a conscience is for, and not our concern.