Malaysia From United States, joined Nov 1999, 2879 posts, RR: 1 Posted (3 years 11 months 2 weeks 5 days 15 hours ago) and read 5659 times:
Apparently the bid will be delayed due to finding enough cash to operate into March, so I guess Flyi will operate well into March and hopefully the Spring and the bid process will be moved up toward the time when more cash will be needed. It was explained to employees at DH that they will continue ops well into March. also has part to receiving payments from United which they owed DH
There Are Those Who Believe That There May Yet Be Other Airlines Who Even Now Fight To Survive Beyond The Heavens
SHUPirate1 From United States, joined Sep 2003, 3568 posts, RR: 25 Reply 1, posted (3 years 11 months 2 weeks 5 days 15 hours ago) and read 5641 times:
FA4UA From United States, joined Nov 2003, 812 posts, RR: 29 Reply 6, posted (3 years 11 months 2 weeks 5 days 15 hours ago) and read 5568 times:
seriously though... what are the employees doing now? are they on some sort of contract to stay till the end or something? I would think thier operation would be falling apart as employees start bailing.
FA4UA
The debate continues... Starwood or Hyatt... which is better
No!! Goodness, that would be optimistic! It been indicated to me yesterday that the end was looming in an immediate sense for DH. I have obv been proven wrong in the exact terms indicated.
SHUPirate1 From United States, joined Sep 2003, 3568 posts, RR: 25 Reply 10, posted (3 years 11 months 2 weeks 5 days 15 hours ago) and read 5509 times:
Quoting Oneworld1 (Reply 4): May not be as funny as you think! I was for that comment, and am obviously not going to reveal my source!
You also stated it as fact, whereas I merely asked a question (loaded as it may have been). Besides, most readers of this thread are quite aware of what I think of the whole situation, and know that I wish nothing but the best for Independence Air's line employees (their headquarters employees, on the other hand, are a totally different story altogether, and most readers of this thread are also well aware of that story)
Burma's constitutional referendum options: A. Yes, B. Go to Insein Prison!
Malaysia From United States, joined Nov 1999, 2879 posts, RR: 1 Reply 12, posted (3 years 11 months 2 weeks 5 days 15 hours ago) and read 5450 times:
Quoting SHUPirate1 (Reply 10): their headquarters employees, on the other hand, are a totally different story altogether, and most readers of this thread are also well aware of that story
I bet most are gone (laid off) only line emps were never laid off cause I heard they were always so short and still are today.
There Are Those Who Believe That There May Yet Be Other Airlines Who Even Now Fight To Survive Beyond The Heavens
Hoya From United States, joined Jun 2004, 312 posts, RR: 0 Reply 13, posted (3 years 11 months 2 weeks 5 days 14 hours ago) and read 5440 times:
How does one find more cash, especially for 3 extra months? Did someone provide them with a loan, or did they sell something that gave them some more money?
Malaysia From United States, joined Nov 1999, 2879 posts, RR: 1 Reply 14, posted (3 years 11 months 2 weeks 5 days 14 hours ago) and read 5430 times:
Quoting Hoya (Reply 13): How does one find more cash, especially for 3 extra months? Did someone provide them with a loan, or did they sell something that gave them some more money?
1/2 a Hangar
35 Million from UA
Some small donations
I guess?
There Are Those Who Believe That There May Yet Be Other Airlines Who Even Now Fight To Survive Beyond The Heavens
LTBEWR From United States, joined Jan 2004, 9347 posts, RR: 7 Reply 15, posted (3 years 11 months 2 weeks 5 days 14 hours ago) and read 5418 times:
Good, at least they have bought some time to get perhaps a better price for their rights, equipment leases, gates, etc. and their employees are still employed. I still suspect that their days are numbered unless the 'planets align.
Electech6299 From United States, joined Aug 2005, 616 posts, RR: 4 Reply 18, posted (3 years 11 months 2 weeks 5 days 14 hours ago) and read 5299 times:
Quoting Malaysia (Reply 12): I bet most are gone (laid off) only line emps were never laid off cause I heard they were always so short and still are today.
What, is flyI discriminating against tall people? Or are their managers so tall that the short people (and lots of other details, like business models) escape their notice
Send not to know for whom the bell tolls...it tolls for thee
WGW2707 From United States, joined Aug 2003, 1197 posts, RR: 52 Reply 19, posted (3 years 11 months 2 weeks 5 days 12 hours ago) and read 5091 times:
What amazes me in the midst of this is that the board has still not taken the vital step of dismissing Kerry Skeen. Of course, now that they are bankrupt, with an auction planned, the problem becomes one of finding a CEO willing to take on the somewhat dismal task of managing a doomed company ahead of what amounts to an organized liquidation sale. I would suggest Stephen F. Cooper, who presided over the ch. 11 process and successful restructuring at Enron and who is currently also CEO of Krispy Kreme (where he is restructuring the firm out-of-court), except unfortunately enough, he is far too expensive for Independence Air I'm sure (with him on board, they would probably be toast later this month).
Another possible candidate would be Al Togut, a noted bankruptcy lawyer who presided over the Chapter 7 transfer of Refco, LLC to the British firm MAN Financial. Togut has considerable experience in dealing with complex bankruptcy situations, and would, in my opinion, make a smart choice as an interim CEO/CRO to replace Skeen.
In general, though, as I said in an earlier thread, that the board of FlyI, Inc. has, throughout all of this, not called into question the leadership of Skeen, is astonishing.
StuckInCA From United States, joined Oct 2005, 1191 posts, RR: 1 Reply 22, posted (3 years 11 months 2 weeks 5 days 11 hours ago) and read 4936 times:
Quoting Mariner (Reply 17): And to burn through some more of other people's money?
Exactly! It seems to me that if, in fact, they just extend their lives for a few months by burning through another stack of cash they are opening themselves up to lawsuits. Just because you have access to a little more cash should not be reason to keep up a completely unsound business. It could only be rational if it is clear that they can increase the value of the DH cadaver by operating that much longer. My thoughts go out to the employees. It must be a depressing place to work these days.
Malaysia From United States, joined Nov 1999, 2879 posts, RR: 1 Reply 23, posted (3 years 11 months 2 weeks 5 days 1 hour ago) and read 4653 times:
Quoting StuckInCA (Reply 22): My thoughts go out to the employees. It must be a depressing place to work these days.
Not exactly, my friend is gonna take his vacation in February and use his flight benefits while he can, cause he has a gf overseas and the point is if he jumps ship now and has to go to another airline, he will have to wait another 6 months or even longer to really get time off or OAL benefits, and his gf expects him on Valentines Day hehe, maybe its fate for him that he can still go see her Valentines day, thanks to FLyi holding on longer.
There Are Those Who Believe That There May Yet Be Other Airlines Who Even Now Fight To Survive Beyond The Heavens
Gift4tbone From United States, joined Dec 2004, 585 posts, RR: 0 Reply 24, posted (3 years 11 months 2 weeks 4 days 19 hours ago) and read 4281 times:
Quoting KcrwFlyer (Reply 16): Funny, people were saying similar things about US about this time last year... hmmmmmmmmmmm.
Yeah, I was one of them, and now I'm cheering on the new LCC, mostly becuase of HP's management taking over.
Maybe these few extra months will help them restructure, and they will not need this auction at all. So many people on here want to see this airline die. Personally I hope that they prove everyone wrong, and are still flying this time next year, hopefully with a better fleet plan.
Also, what are the chances of them trading in the CRJs for something better? I don't know much about the CASM for the CRJ but I am aware it is high. What if they 'traded' them for some ERJs? Like the 170 or 190? Are the CASMs lower? Just a thought.
Oh yeah, and if FLYi is around next year, let's hope they decide on a new paint scheme.
Malaysia From United States, joined Nov 1999, 2879 posts, RR: 1 Reply 25, posted (3 years 11 months 2 weeks 4 days 19 hours ago) and read 4232 times:
Quoting Gift4tbone (Reply 24): Oh yeah, and if FLYi is around next year, let's hope they decide on a new paint scheme.
More things to worry about than the paint scheme and its not that bad for a first paint scheme anyway
There Are Those Who Believe That There May Yet Be Other Airlines Who Even Now Fight To Survive Beyond The Heavens
26 Mcdu: Malaysia, You might want to do a fact check about the money from UA. The ruling was placed flyi on the unsecured creditors list in the UA BK. There is
27 Malaysia: I thought they only get 7% of what was supposed to be paid since UA is also bankrupt and it added up to 35 million as 7% of whats actually owed to Fl
28 Gift4tbone: Well if $35 mil is 7% of what UA owes them. Damn, UA should pay it all back. But you gotta love the bankcruptcy court. -Tony@PVD
29 Mcdu: It is not figured yet as the numbers for the unsecured creditors has not been established. They don't appear to have the cash to survive till Feb. Jus
30 UAL777UK: They are all trying to get jobs at UA. Sorry, but DH is on a life support machine, which will surely be switched off in the New Year!
31 Malaysia: Most are focused on Southwest and JetBlue, they dont want to deal with another bankrupt airline and also they like the work culture of those places,
32 Hiflyer: The auction is under the control of the court now...not FLYI. Today is the last day of bidding for either part or all of FLYI (Dec 16). Any extension
33 Quickmover: When will we know who bid for what? Surely there will be a leak.
34 UAL777UK: Two points there........UA is not bankrupt, they are in CH11, and let me assure you, shed loads of employees from DH applied to UA when they recently
35 Hiflyer: Grin...ahh the eternal optimist. The court is controlling the bids so it would be doubtful a leak would come from there. MESA seems to have been oute
37 Malaysia: This week, the Judge in the UA bankrupcy court just signed an order allowing Independence Air's claim at 500 million. which was even better than what
38 Electech6299: v. out·ed, out·ing, outs v. intr. To be disclosed or revealed; come out: Truth will out. http://dictionary.reference.com/search?q=outed The (rumore
39 FCYTravis: Ummm... they're in Chapter 11 BANKRUPTCY - which allows them to reorganize. As long as they're under the protection of a bankruptcy court, they're le
40 SWAOPSusafATC: Quick question for the legal people here. I had to cancel a trip on Flyi and now have a credit of 268 bucks with them. If they shut down prior to me u
41 TPAnx: This: http://tampatrib.com/businessnews/MGBS31TF8HE.html gives details of the cutbacks. Tried to post it earlier, but the thread was deleted. Good luc
42 Electech6299: Discussed in this thread: FlyI Question Regarding Tickets summary: buy a ticket you want to use (city pair near the date) - and you are more likely t
43 Hiflyer: This has been discussed elsewere...unsecured creditors such as FLYI will receive between 3-7 cents on the dollar for their award and it will be in ne
44 UAL777UK: I suggest you go back to reading you text book...........clueless!
45 Lincoln: I suspect that the US and UK definitions of bankruptcy are different. UA is in Chapter 11 Bankruptcy which "...is an attempt to stay in business whil
46 Lightsaber: ???? This might be a difference in legal definition by country. UA is indeed bankrupt, hence in CH11 bankruptcy. I believe the term "bankrupt" in Eur
47 GMUAirbusA320: Not me man. I'm leaving the airline business alltogether. This industry is in shambles. I used to work for B6 prior to joining DH. I'm glad to be lea
48 FutureFO: GMU, You should have stayed at B6. DH is not going to survive until Mar, it is a cold hard fact. The only thing of value there is the AOC, that is it,
49 GMUAirbusA320: Sean, I'm not that dumb. I left for school reasons. I'm eligible for rehire now, but I don't want to go back. I loved B6, but the airline business is
50 Malaysia: Apparently I fear the words of Ed Acker "Once you get hooked on the airline business, it's worse than dope." It seems like even I try accounting, or
51 Yak97: I think Bae might be interested in not seeing Flyi disappear as they are owed quite a sum +5m us from a deal done over the J41's See: http://www.earni
52 ACVitale: If I am correct and 35M is 7% of what is owed then UA owes DH around $500 M. That would equate approx to the amount they have lost to date would it no
53 FutureFO: And that is going to paid in the form of stock, not cash. ACA/Indy will be a shareholder in the new United. That is what was handed down to the unsecu
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for that comment, and am obviously not going to reveal my source! 
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