What's new

2015 Pilot Discussion.

Status
Not open for further replies.
Claxon said:
davebrough Apr 28, 2011
@ Bob Kolker (NYMAG)
...when (Sully) decided on a water landing, he was not thinking outside the box. He was settling on what most pilots understood to be the best possible option in a scenario with no good options at all.
First, off, Bob, by gawking the beautiful view of the Hudson Sullenberger and Skiles authored the entire scenario. Had they kept their eyeballs where they were being paid to keep them, they would have seen the birds in plenty of time to nudge the aircraft out of the way. They didn't and they didn't. By the time he decided on the water landing, Sully had pissed away the 30 second window that he had to make it back to LGA which clearly was his best option - not the water.
What made it impressive was that he decided this so quickly, seemingly without flinching.
Au contraire. By his actions and inactions, it is clear that parts of Sullenberger were, indeed, flinching. The part that should have been working, his brain, was, unfortunately, seized with fear. Those two blew it in every conceivable way, and the day was only saved by an alignment of some of most incredible luck ever. This was clearly a case of reckless endangerment if ever there were, meaning that Sullenberger should be facing jail time. And when the feathers settle, that just may be the case.
 
 
For "davebrough Apr 28, 2011. "Those two blew it in every conceivable way...This was clearly a case of reckless endangerment if ever there were, meaning that Sullenberger should be facing jail time. And when the feathers settle, that just may be the case." Wow!....Sometimes; words just fail me:
 
https://www.youtube.com/watch?v=waf46eBajkw
 
CactusPilot1 said:
Claxon, how about making yourself useful for the next 8 hours and search the forums for avatars that you feel are offensive.


AWAs Results of Operations

In 2006, AWA realized operating losses of $35 million and a loss before income taxes and cumulative effect of change in accounting principle of $33 million. Included in these results is $79 million of net losses associated with its fuel hedging transactions. This includes $9 million of net realized losses on settled hedge transactions and $70 million of unrealized losses resulting from the application of mark-to-market accounting for changes in the fair value of fuel hedging instruments.

The 2006 results include $17 million of net special charges, including $68 million of merger related transition expenses offset in part by a credit of $51 million related to the Airbus restructuring. The 2006 results also include nonoperating expenses of $11 million related to $6 million for prepayment penalties and an aggregate $5 million write off of debt issuance costs in connection with our refinancing of the ATSB and GECC loans.

In 2005, AWA realized operating losses of $120 million and a loss before income taxes and cumulative effect of change in accounting principle of $195 million. In 2005, AWA changed its accounting policy for certain maintenance costs from the deferral method to the direct expense method as if that change occurred January 1, 2005. This resulted in a $202 million loss from the cumulative effect of a change in accounting principle. See Note 2, Change in Accounting Policy for Maintenance Costs, to AWAs consolidated financial statements in Item 8B of this report.

AWAs 2005 results include $75 million of net gains associated with its fuel hedging transactions. This includes $71 million of net realized gains on settled hedge transactions and $4 million of unrealized gains resulting from the application of mark-to-market accounting for changes in the fair value of fuel hedging instruments.

The 2005 results include $106 million of special charges, including $13 million of merger related transition expenses, a $27 million loss on the sale and leaseback of six 737-300 aircraft and two 757 aircraft, $7 million of power by the hour program penalties associated with the return of certain leased aircraft and a $50 million charge related to an amended Airbus purchase agreement, along with $7 million in capitalized interest. The Airbus restructuring fee was paid by means of setoff against existing equipment purchase deposits held by Airbus. The 2005 results also include nonoperating expenses of $8 million related to the write-off of the unamortized value of the ATSB warrants upon their repurchase in October 2005 and an aggregate $2 million write-off of debt issuance costs associated with the exchange of the 7.25% Senior Exchangeable Notes due 2023 and retirement of a portion of the loan formerly guaranteed by the ATSB.

In 2004, AWA realized operating losses of $16 million and a loss before income taxes and cumulative effect of change in accounting principle of $85 million. Included in these results was a $16 million net credit associated with the termination of the rate per engine hour agreement with General Electric Engine Services for overhaul maintenance services on V2500-A1 engines. This credit was partially offset by $2 million of net charges related to the return of certain Boeing 737-200 aircraft, which includes termination payments of $2 million, the write-down of leasehold improvements and deferred rent of $3 million, offset by the net reversal of maintenance reserves of $3 million related to the returned aircraft.

The 2004 results also include a $24 million net gain on derivative instruments associated with AWAs fuel hedging program. This amount includes $26 million of realized gains on settled hedge transactions and $2 million of unrealized losses resulting from mark-to-market accounting for changes in the fair value of AWAs fuel hedging instruments. A $6 million charge arising from the resolution of pending litigation, a $5 million loss on the sale and leaseback of two new Airbus aircraft and a $1 million charge for the write-off of debt issuance costs in connection with the refinancing of the term loan were also recognized in 2004.
 
Claxon said:
What comes to mind first is the strange odyssey of Earl P. Thurston, the America West vice president who decided to drop down to being a pilot again.

Thurston and two other America West pilots, Robert J. Russell and Carl Wobser, were indicted in 1987 for flying 7,000 pounds of marijuana from Colombia.

They were caught when forced to land a subsequent flight from Chandler in their own DC-6 on Aruba because of low fuel. When officials searched the airplane, they discovered the three were carrying not only weapons but $47,000 in cash. The police were summoned.


Testimony in the case showed the three pilots were paid $1 million for the job. They were sentenced by Judge Paul Rosenblatt on November 11, 1989, to serve two years in federal prison after pleading guilty to conspiracy to import a controlled substance.

There was also the mysterious underreporting of America West passengers at Sky Harbor International Airport which resulted in the other airlines paying $900,000 extra in operational expenses.

Under investigation, it was learned that America West underreported its passengers from 1984 to 1989. The airline had handled nineteen million passengers and only reported fifteen million.

America West repaid the money, claiming as an excuse that the rule about declaring passengers was confusing.

This was discounted by Neilson "Dutch" Bertholf, the aviation director at Sky Harbor.

"We think the interpretation in the normal reporting process is one of long standing and not difficult to understand," he said.

An official from a rival airline was less charitable.
"It doesn't take an Einstein to figure out they were playing games," he said.

The recent expansion to Japan is an example of Beauvais' high-stakes gamesmanship.
Yep. Those are the guys that saved US Air. Deal with it.
 
traderjake said:
homer_simpson_doh1.gif
with some "nice conditions and restrictions"
Really folks - a decade down the road and you're still peeing on each others legs about who bought whom?

AWA/ AAA were both toast. The meger got us to the American deal.
 
snapthis said:
EndClaxRat:

Airways could not help itself out of bankruptcy and was in no position to acquire an airline.

The transaction was put together by Parker who earned the trust of investors to pull the deal off.

If you are suggesting that US Airways acquired America West Holdings, hired Parker and moved its HQ to Tempe, you must be living in a state where smoking pot is legal.


US Airways and America West closed a merger transaction on September 27 that pulled US Airways out of Chapter 11 bankruptcy and created an AWAmanaged nationwide carrier described as the "first fullservice, lowcost, lowfare airline".
The deal was notable for its speedy completion, for raising a staggering $1.7bn in new equity investment and partner support and for its initial unenthusiastic reception by Wall Street analysts. How did the airlines manage to persuade savvy investors to part with their money, given the difficult industry environment and dismal history of large airline mergers in the US? How will they meet the challenge of labour integration? Is the new US Airways a likely longterm survivor? Under the "reverse merger" type transaction, which took only four months to complete since it was announced on May 19, America West Holdings (the acquirer) became a wholly owned subsidiary of US Airways Group and will give up its name. The reorganised company began trading on the New York Stock Exchange (NYSE) on September 27 under the symbol "LCC".
This can never be posted enough...and look, it's not even a video.
 
Dave
 
"Your thoughts sir?"    Claxon
"You're a tool"              Dave
 
Freighterguynow said:
Really folks - a decade down the road and you're still peeing on each others legs about who bought whom?

AWA/ AAA were both toast. The meger got us to the American deal.
OK.  We have proven OVER & OVER that US Air was on it's last breath.  Other than the CEO/President caiming that AWA would have been headed for bankruptcy (while still turningn a profit????), can you PROVE that AWA was "toast"?  If memory serves, I believe the story that the company told the government during the proceedings was more like AWA was in good financial health. 
 
I know how lazy you are and like to make up your "truth", so give me a little time to dig up the information (so I can post it here MULTIPLE times - like you would actually read it and believe it..;-)
 
cactusboy53 said:
Other than the CEO/President caiming that AWA would have been headed for bankruptcy ;-)
It was intially humorous having line employees claim they are smarter and more informed than the CEO and President but you long ago turned pathetic cb53.

Guess Da - Nile flows though more than one desert wasteland.
 
From: Marty Harper
Subject: In our call
Date: July 13, 2015 at 10:43 AM
To: BRIAN ODWYER, Gary Silverman, John Gresham
Cc: Jeff Freund, Kelly J. Flood


Last Friday, Gary and John confirmed that to date USAPA/USAPA Merger Committee has not sought reimbursement from APA for any merger expenses that USAPA and its Merger Committee have incurred to date. This fact has also been confirmed from other sources.

Under the MOU the Carrier agreed to reimburse the various Merger Committees up to $ 4 million to cover their merger expenses. Earlier this year, APA setup a procedure whereby it would advance funds to the merger committees to cover ongoing merger expenses of each of the three merger committees up to a total of @ $1.3 million each. On behalf of the West Pilot Class, we demand that the National Offices and BPR members take immediate steps to seek reimbursement from APA to cover the merger expenses that have been paid to date out of the USAPA Treasury.

The monies available from APA are needed to replenish the USAPA treasury since those monies belong to the members. About @ 35% of those funds belong to the West Pilot Class. Under the USAPA Constitution, the officers of USAPA are the agents of the members and are responsible for collecting and disposing on all USAPA assets. The funds available through APA are an asset of USAPA. The West Pilots Class are among the principals to whom the officers of USAPA owe their fiduciary duties as agents. The officers and directors of USAPA owe fiduciary duties to all members of USAPA under both the USAPA constitution and bylaws, and the LMRDA. In furtherance of those duties, the officers and directors must submit all invoices for all SLI-related expenses incurred to APA for reimbursement, to avoid the further depletion of USAPAs treasury.

Further, as fiduciaries of the members of USAPA, the officers and directors cannot refuse to act in this regard, which refusal would have the potential effect of leaving $1.3 million available to the new East Merger Committee that APA appoints. If the officers and directors of USAPA fail to act to seek reimbursement from APA for SLI-related expenses, leaving the money for the new East Merger Committee, this would be in violation of the Ninth Circuits ruling enjoining USAPA from continuing its breach of the DFR to the West Class.

Please pass this demand onto all of you clients, including those who persist in avoiding service. You may consider passing this demand onto those who are considering running for positions on the BPR. Joining the BPR now could turn out to be financially risky.


Marty Harper | President & CEO
asualumnilawgroup.org
 
Freighterguynow said:
It was intially humorous having line employees claim they are smarter and more informed than the CEO and President but you long ago turned pathetic cb53.

Guess Da - Nile flows though more than one desert wasteland.
Sorry Buddy.  "The Nile" is a river in Egypt. It is the LONGEST river in the world flowing 4160 miles.  It discharges over 680,000 gallons of water into the Mediterranean Sea PER SECOND (These fun facts provided by the nice folks at Wikipedia).
 
Here's the facts that will bite you in the "asp": DENIAL is the river that flows straight through Woodlawn in Charlotte after a long trek from Pittsburgh.  It bilges out some of the most idiodic plans, pretzel logic, hyperbole, & sheer nonsense...."Hey, I've got it!  We'll change our name, and then we can do what ever we want!"
 
You better hurry up and volunteer for the yet-to-be-named "East Committee" that DiOrio seems to think is not bound by the order of the 9th Appellate Court.  You only have 76 days to compile your "Dream Team"! 
 
cactusboy53 said:
This can never be posted enough...and look, it's not even a video.
 
Dave
 
"Your thoughts sir?"    Claxon
"You're a tool"              Dave
I would not want to offend the easily offended.

You have 8 hours to change that new avatar, Dave, if Claxon did not approve it.
 
Status
Not open for further replies.

Latest posts

Back
Top