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US Airways - Its Sunday, So Far No Bankruptcy  
User currently offlineDutchjet From Netherlands, joined Oct 2000, 7864 posts, RR: 57
Posted (9 years 7 months 1 week 1 day 18 hours ago) and read 5408 times:

There were very strong rumors that US would file for bankruptcy protection once again......its was predicted that the filing would occur this morning, Sunday, September 12.

So far, no news...........is no new good news in this case?

It has been reported that US and its Unions have reopened talks; US is looking to amend its agreements with unions to save $200+ million in labor costs.

Any further updates?

33 replies: All unread, showing first 25:
 
User currently offlineS12PPL From , joined Dec 1969, posts, RR:
Reply 1, posted (9 years 7 months 1 week 1 day 18 hours ago) and read 5287 times:

The day is quite young...give it time Big grin

User currently offlineBurnsie28 From United States of America, joined Aug 2004, 7502 posts, RR: 8
Reply 2, posted (9 years 7 months 1 week 1 day 18 hours ago) and read 5275 times:

I was just about to say that its not even 12:30 on the East Coast.


"Some People Just Know How To Fly"- Best slogan ever, RIP NW 1926-2009
User currently offlineHPA320 From Mexico, joined Jul 2004, 160 posts, RR: 0
Reply 3, posted (9 years 7 months 1 week 1 day 18 hours ago) and read 5256 times:

Hope everything goes fine.

In this case, It may be 5 o'clock somewhere, but not for US.

I hope nothing bad happens  Smile



America West Airlines. 1983-2005. The Journey Continues...
User currently offlineHaveric From United States of America, joined Jan 2001, 1247 posts, RR: 4
Reply 4, posted (9 years 7 months 1 week 1 day 17 hours ago) and read 5235 times:

i think the most recent offer to the pilots led to reopened negotiations and thus a delayed filing. so long as the sides continue to talk, US will not file.

User currently offlineA330323X From United States of America, joined Oct 2003, 3039 posts, RR: 44
Reply 5, posted (9 years 7 months 1 week 1 day 17 hours ago) and read 5119 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.
User currently offlineFrugalqxnwa From United States of America, joined Apr 2004, 565 posts, RR: 1
Reply 6, posted (9 years 7 months 1 week 1 day 16 hours ago) and read 5024 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.

User currently offlineBucky707 From United States of America, joined Aug 2000, 1028 posts, RR: 3
Reply 7, posted (9 years 7 months 1 week 1 day 16 hours ago) and read 4958 times:

to quote Jack Palance in City Slickers "day ain't over yet"

User currently offlineDLKAPA From , joined Dec 1969, posts, RR:
Reply 8, posted (9 years 7 months 1 week 1 day 16 hours ago) and read 4934 times:

This is some good news, the Airline's saving grace (at least for a few hours or days) might be the pilots. But any time spared is time enough to work hard.

User currently offlineLaxintl From United States of America, joined May 2000, 24314 posts, RR: 47
Reply 9, posted (9 years 7 months 1 week 1 day 15 hours ago) and read 4835 times:

While the company did provide a new offer to the pilots on Friday, there are not talks scheduled at the moment. Same goes with the flight attendants.

The offers might very well be intended as simply for posturing in court to provide for a frame work to try following once in Ch11.



From the desert to the sea, to all of Southern California
User currently offlineJmc1975 From Israel, joined Sep 2000, 3242 posts, RR: 15
Reply 10, posted (9 years 7 months 1 week 1 day 15 hours ago) and read 4785 times:

I would think they would wait until Monday to make an official announcement about their fate.



.......
User currently offlineEA CO AS From United States of America, joined Nov 2001, 13254 posts, RR: 62
Reply 11, posted (9 years 7 months 1 week 1 day 14 hours ago) and read 4740 times:
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I would think they would wait until Monday to make an official announcement about their fate.

Not necessarily - their first BK trip was announced on a Sunday.

It also depends on the nature of their fate. If they're filing Chapter 11 reorganization (again), then either Monday or Tuesday will work, along with Sunday.

If it's a Chapter 7 liquidation, then you have the orderly shutdown of the airline to take into consideration - something best handled LATE on a Sunday.



"In this present crisis, government is not the solution to our problem - government IS the problem." - Ronald Reagan
User currently offlineJaxs170 From United States of America, joined Jun 2004, 99 posts, RR: 0
Reply 12, posted (9 years 7 months 1 week 1 day 14 hours ago) and read 4656 times:

Can anyone agree on this: If US 2 to FCO doesn't go out and the rest of the Europe bound flights follow suit that is probably the signal that it's over?


707, 717, 727, 732/3/4/5/6/7/8/9, 752, 762/3/4, 744, 772, MD-80/2/3/8, DC-9, F-100, A319/20/21, A333, DC-10, MD-11, ARJ,
User currently offlineEA CO AS From United States of America, joined Nov 2001, 13254 posts, RR: 62
Reply 13, posted (9 years 7 months 1 week 1 day 14 hours ago) and read 4607 times:
Support Airliners.net - become a First Class Member!

If US 2 to FCO doesn't go out and the rest of the Europe bound flights follow suit that is probably the signal that it's over?

For a Chapter 11 filing, that won't be the indicator.

For a Chapter 7 filing, absolutely.



"In this present crisis, government is not the solution to our problem - government IS the problem." - Ronald Reagan
User currently offlineDutchjet From Netherlands, joined Oct 2000, 7864 posts, RR: 57
Reply 14, posted (9 years 7 months 1 week 1 day 14 hours ago) and read 4584 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.


User currently offlineUa777222 From United States of America, joined Dec 2003, 3348 posts, RR: 12
Reply 15, posted (9 years 7 months 1 week 1 day 14 hours ago) and read 4556 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.

Thanks again.

UA777222



"It wasn't raining when Noah built the ark."
User currently offlineLeskova From Germany, joined Oct 2003, 6075 posts, RR: 70
Reply 16, posted (9 years 7 months 1 week 1 day 14 hours ago) and read 4515 times:

Jaxs170, US192 from CLT to FRA is scheduled to leave in about 20 minutes (local time 4:30pm) - this seems to be the first Europe bound flight of the day, so I guess this would be the one to watch.

In any case - I sincerely hope that US Airways can pull through.

Regards,
Frank



Smile - it confuses people!
User currently offlineDeltaWings From Switzerland, joined Aug 2004, 1294 posts, RR: 17
Reply 17, posted (9 years 7 months 1 week 1 day 14 hours ago) and read 4485 times:

US probibly underestimated themselves. They cut back a lot of routes and jobs and started saving money faster then they expected. Lets hope this is true. Well Alitalia isnt gone yet either.....

DeltWings



Homer: Marge, it takes two to lie. One to lie and one to listen.
User currently offlineDLKAPA From , joined Dec 1969, posts, RR:
Reply 18, posted (9 years 7 months 1 week 1 day 14 hours ago) and read 4464 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)
Aircraft Type
Current Altitude 0 feet
Current Groundspeed 0 mph
Flight Status Scheduled


So far so good. Guess we'll know in a couple hours, eh?


User currently offlineAlitaliaORD From United States of America, joined Aug 2003, 242 posts, RR: 0
Reply 19, posted (9 years 7 months 1 week 1 day 14 hours ago) and read 4431 times:

Wait, am i missing something? why are we all concerned about the flight to FCO?


Joy To The World, All The Boys and Girls, Joy to the Fishes in the Deep Blue Sea, Joy to You and Me
User currently offlineAirways6max From United States of America, joined Aug 2003, 494 posts, RR: 0
Reply 20, posted (9 years 7 months 1 week 1 day 14 hours ago) and read 4421 times:

We really can't predict when or if US Airways will file for bankruptcy. We'll know the outcome soon enough.

User currently offlineJaxs170 From United States of America, joined Jun 2004, 99 posts, RR: 0
Reply 21, posted (9 years 7 months 1 week 1 day 14 hours ago) and read 4392 times:

Well thanks for ruining my idea Mr Frank Leskova  Laugh out loud


707, 717, 727, 732/3/4/5/6/7/8/9, 752, 762/3/4, 744, 772, MD-80/2/3/8, DC-9, F-100, A319/20/21, A333, DC-10, MD-11, ARJ,
User currently offlineDLKAPA From , joined Dec 1969, posts, RR:
Reply 22, posted (9 years 7 months 1 week 1 day 14 hours ago) and read 4384 times:

AlitaliaORD:

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.


User currently offlineAlitaliaORD From United States of America, joined Aug 2003, 242 posts, RR: 0
Reply 23, posted (9 years 7 months 1 week 1 day 14 hours ago) and read 4353 times:

ok not to sound like an idiot, but would that be all US flights or just international ones?


Joy To The World, All The Boys and Girls, Joy to the Fishes in the Deep Blue Sea, Joy to You and Me
User currently offlineAa717driver From United States of America, joined Feb 2002, 1566 posts, RR: 13
Reply 24, posted (9 years 7 months 1 week 1 day 14 hours ago) and read 4339 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



FL450, M.85
25 Post contains links Mariner : It has happened: http://biz.yahoo.com/prnews/040912/nysu016_1.html cheers mariner
26 DLKAPA : 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
27 Post contains links Leskova : To add to what Mariner just posted... http://www.usairways.com/about/restructuring/index.htm http://www.transformingusairways.com/
28 Deltadude8 : Well US #192 was supposed to be leaving 4 min. ago but hasnt and its status is ontime.?
29 DLKAPA : 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
30 PropilotJW : 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
31 DLKAPA : 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
32 KITH : 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
33 Post contains links BNE : 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
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