A330323X From United States of America, joined Oct 2003, 3039 posts, RR: 42
Reply 5, posted (10 years 4 months 3 weeks 2 days 3 hours ago) and read 5285 times:
They'll wait as long as possible today to see what sort of progress they make in the labor negotiations, and also to keep it out of the news for the majority of the day.
I've also heard that if they think they're making very good headway with the pilots, they might wait until tomorrow, when the IRS is allegedly supposed to rule on whether US can reschedule some of the AFA/IAM pension payments.
I'm the expert on here on two things, neither of which I care about much anymore.
Frugalqxnwa From United States of America, joined Apr 2004, 565 posts, RR: 1
Reply 6, posted (10 years 4 months 3 weeks 2 days 2 hours ago) and read 5190 times:
I agree that US is probably waiting to see whether the labor negotiations go well or not, and I hope they go well. I do not think the pilot's union is going to force US into bankruptcy, their willingness to talk being evidence enough for that. Most of the airline unions learned from UA's unions what not tod do when management is whole heartedly trying to keep the company afloat. How is the current CEO at US doing? I haven't heard much about him since he took over the reins from David Seigel.
Dutchjet From Netherlands, joined Oct 2000, 7864 posts, RR: 56
Reply 14, posted (10 years 4 months 3 weeks 2 days ago) and read 4750 times:
Its very, very unlikely that US would file a Chapter 7 liquidation petition with the bankruptcy court.....if anything is filed, it will probably be a Chapter 11 reorganization which should not dramatically affect day to day operations of the airline over the next couple weeks. Later into the proceeding, the creditors, if they think its in their best interest, may attempt to convert the proceeding to a liquidation and even then, it is probable that the airline will not simply shut down but instead services would be shut down over a period of time in an orderly fashion. All of this could take months to happen......first, lets see if US can make some progress with its employees and unions and avoid another bankruptcy proceeding altogether; any bankruptcy filing by US will have a dramatic impact on the airline and is likely to cost lots of jobs....the second time around in bankruptcy court in such a short period of time will be extremely difficult for US in any case.
Lets hope for the best.......we are talking about the potential loss of lots of jobs and the loss of a huge airline with lots of history. Maybe US can figure out a way to survive.
Ua777222 From United States of America, joined Dec 2003, 3348 posts, RR: 11
Reply 15, posted (10 years 4 months 3 weeks 2 days ago) and read 4722 times:
I can't say that that is competely correct Jaxs170.
Maybe they are taking a sit back and thinking of a reduction both routes. They can't shrink their fleet any more b/c they are at their min. a/c numbers. This is a recurring theme between the airlines. They're overshooting the runway, so to say. You can't start at the head of the race. And this race just started after 9/11. It's going to take a whole lot more than flight cuts and other job "downsizing" measures.
The airlines that are currently SOL are the ones that need to chop what they have and make due while they're still a bit a head of the race. It can get a whole lot uglier for US and if something isn't done that's what's going to happen.
If capt. 7 comes knocking on their door then hell yes. It'll be like the Swiss MD-11's and other airline fleet a/c parked for good. I don't think chapt. 11 will cause this at all. And if it does it's not the end. Well not for now.
DLKAPA From , joined Dec 1969, posts, RR:
Reply 18, posted (10 years 4 months 3 weeks 2 days ago) and read 4630 times:
Airline Us Airways
Flight Number 2
Departure City (Airport) Philadelphia, PA (PHL)
Departure Time 09/12/2004 06:38 PM
Arrival City (Airport) Rome, Italy (LIRF)
Arrival Time 09/13/2004 08:21 AM
Remaining Flight Time 07:43 (scheduled)
Current Altitude 0 feet
Current Groundspeed 0 mph
Flight Status Scheduled
So far so good. Guess we'll know in a couple hours, eh?
DLKAPA From , joined Dec 1969, posts, RR:
Reply 22, posted (10 years 4 months 3 weeks 2 days ago) and read 4550 times:
Flight to Rome is the first international departure this evening. If it gets cancelled, then all the others are also cancelled behind it, you can pretty well bet that USAirways has landed itself in the history books.
Aa717driver From United States of America, joined Feb 2002, 1566 posts, RR: 13
Reply 24, posted (10 years 4 months 3 weeks 2 days ago) and read 4505 times:
I doubt they will go straight to Ch. 7. They will probably go Ch.11 first and upon finding that no one will step up with funding, the meltdown will start.
Here's what happens: In the middle of the night(whenever the shutdown is decided upon), contract security descends on the assets(TWA favored Brinks) and secures them.
This keeps angry employees from 'scorching the earth'. It also keeps creditors from jumping over the bankruptcy court and absconding with their collateral.
For you USAir crews out there, if they do file a second time, be advised that your fuelers, caterers and layover hotels may only accept cash on the barrell. It happened to me after TWA filed--despite AA having already announced they were buying us out. I'll always have warm-fuzzies for the IAH Sheraton...
Enjoy the ride.TC
: It has happened: http://biz.yahoo.com/prnews/040912/nysu016_1.html cheers mariner
: Probably just international, as they would be anticipating Chapter 7. If they are to actually announce Chapter 7, then it will be all flights, and all
: To add to what Mariner just posted... http://www.usairways.com/about/restructuring/index.htm http://www.transformingusairways.com/
: Well US #192 was supposed to be leaving 4 min. ago but hasnt and its status is ontime.?
: Flytecomm has the departure listed as 4:08 EDT. Still about ten minutes away as of this post. Airline Us Airways Flight Number 192 Departure City (Air
: Yeah they filed today? I didn't think they'd go into 11, I thought it would have been straight into 7. How long do you think US will be around? Think
: Just because it is Chapter 11 doesn't mean that they have bought time. It is very unlikely that they find someone who is willing to bail them out of t
: This is the end....my only friend the end....(To quote the Doors). Good song, good luck Usairways, our airports home airline, birthplace, and only car
: Ouch this is bad, now there is a link on the USAirways front page. Maybe time to lock this thread and continue with the new thread. http://www.airline