CF-CPI From Canada, joined Nov 2000, 1134 posts, RR: 0 Posted (12 years 4 months 4 days 13 hours ago) and read 1640 times:
This news is just breaking, and is part of the Chapter 11 restructuring. The early reports on Yahoo were not specific as to which aircraft type(s) will be reduced. Many, if not all, of the MD-80s are parked already (no?). Are they going to dip into some of the early 737-300s? (USAir was a very early customer for this type ... some will be approaching 20 years).
Jkarry From United States of America, joined Nov 2001, 43 posts, RR: 0
Reply 6, posted (12 years 4 months 4 days 13 hours ago) and read 1512 times:
They are parking 3 757's and 28 737-300/400's. I am not sure how many of the 28 737's are divided up between the -300's and 400's. This will bring them down to 280 aircraft. There could be further reductions to the level of 245 aircraft if needed, however, I wonder which aircrafts would be the next to go.
N802US is broken up? :=( I flew in that one from YYZ to BWI years ago. I suppose it was one of the first off the line to PSA, but the MD-80 will always seem 'new' to me.
There are a number of 737-300s still in the old colours, probably up for 'D' checks soon, and I suppose they'd be ripe for plucking if need be.
If the 767-200s are indeed up for sale, what will fill in for them on the transatlantic services? It would imply that US will scale back the international service as well, and I don't think they have more A330s coming these days. Would US derive any benefit from fitting out some 757s for international service (a la CO) as a replacement for the 767s?
Ryefly From United States of America, joined Jun 2000, 1396 posts, RR: 0
Reply 10, posted (12 years 4 months 4 days 11 hours ago) and read 1336 times:
From what I read the other day in the news paper, US Airways will get rid of 28 737's and only 3 757's. I also heard the entire fleet of 757's and 4 767's are for sale, but it looks like these will remain in the fleet for now excluding the 3 757's.
With these new cuts, US Airways has said it would reduce the fleet by 6 percent in September, cutting 130 of 1,550 daily departures. By year end, it will cut 70 more flights, for a total of 200. US Airways did not say how many layoffs would occur from this move, but it is speculated the number could exceed 1,000.
In other news: US Airways rejected an offer from Billionaire Marvin Davis to participate in the airline's refinancing effort. Davis, one of the world's 100 richest men wanted to team up with Jonathan Ornstein, CEO of Mesa Air. US Airways has said it's key partner in it's restructuring is already set; Fort Worth based Texas Pacific Group which would hold 38% of the stock of a new US Airways.
The initial rejection of the Davis bid does not necessarily mean it will be dropped. Davis and Ornstein have the option to present a competing bid in bankruptcy court which could spark off a bidding war between Davis and Texas Pacific Group.
Davis' efforts to acquire airlines are not new. He has repeatedly sought after several in the past:
In 1989, his $6.2 billion bid for United was opposed by the airline's CEO, Stephen Wolf. United's management and unions joined British Airways to make a $6.8 billion counter bid, but the deal collapsed for lack of financing.
Also in 1989, Davis bid $2.7 billion to take over Northwest Airlines. The airline preferred a $4.1 billion bid from a group headed by investor Alfred Checchi
In 1992, Davis joined with Lufthansa Airlines to bid to acquire Continental Airlines for $400 million. At the time, Continental was reorganizing under bankruptcy code. Eventually, the Davis bid was withdrawn, and Continental accepted a bid from Texas Pacific Group. Again, the same group that wants to help US Airways today.
If this dispute does turn in to a bidding war, it could reflect well on US Airways giving it greater value in the market.
N628AU From United States of America, joined Oct 2000, 344 posts, RR: 0
Reply 12, posted (12 years 4 months 4 days 9 hours ago) and read 1178 times:
Most of the future fleet plans depend on negotiations with the current lessors. The advertisement for sale of those 757 and 767 aircraft is being used to help establish a market value for those aircraft during the negotiations. US cannot sell them, as they are leased and not owned outright.
Ouboy79 From United States of America, joined Nov 2001, 4616 posts, RR: 23
Reply 14, posted (12 years 4 months 4 days 8 hours ago) and read 1099 times:
The aircraft retirements aren't anything major and have been expected. US Airways wants to be an Airbus airline...why else would they have placed orders/options for 430 of them. As for the 767 replacements...they still have around 18 or 19 orders/options for the A-330/340. Since Airbus and the banks that own the Airbus planes seem to be working with the company -- it wouldn't shock me to see an order for additional 330s, probably 200 series (go farther and also cover the 767s seating).
One thing about US Airways...their international service has been performing very well, except for a few soft spots. They will exploit this as much as possible.