Congrats UAL employees

[USA320Pilot]

Iflyjetz & Tumbleweed:

I find your posts interesting and in some ways a compliment. I only post factual information and if I state my opinion I always preface the statement with either "I believe" or "In my opinion."

However, since you seem to want to "shoot the messenger" or try and "shoot down US", can you tell me why if UA is such a strong company with the airline did not file its POR within the 180-day requirement, why UA was rejected by the ATSB, why UA does not have exit financing, why does UA not have an equity plan sponsor?

By the way, can you tell me who was the only airline in history to have each of these financial challenges arranged before the airline entered bankruptcy?

Meanwhile, why do you think UA CEO Glenn Tilton spent most of his time on yesterday''s weekly recorded message telling employees that UA''s "collective bargaining agreements reduced pension obligations to some extent?" Furthermore, why did Tilton say that "decisions will be made as we move further along in the process in our restructuring" on how to deal with the retirement plans, which clearly could be UA''s biggest hurdle to emerge from bankruptcy?

What''s your opinion on how UA ALPA will react to this news, how will the information be viewed by the ATSB, how will this information effect a POR, and how would any potential investor view the news that there needs to be a legislative solution, pension plan termination, or further retirement concessions, for the company to emerge?

Best regards,

Chip

 

[tumbleweed]

DELETED BY MODERATOR

 

[Fly]

WOW!!! A Senior RJ flyer...WTG! You have fun, you deserve it!

 

[tumbleweed]

Blah Blah Blah Blah Blah...

 

[USA320Pilot]

Tumbleweed:

Tumbleweed said: "He was hired by UAL sometime in the mid 80''s and then left during the strike for what he thought were greener pastures at US Air. Seeing his career get bogged down at his perpetually money losing airline while the peers he left behind at UAL were advancing upward at a rapid pace was a lot for him to swallow. His redemption would come in the form of a UAL buyout of US Air and his (wet)dream of a "date of hire" integration. Thank goodness the pilots snubbed both attempts in 1995 and 2000. Now, with his career heading south at an airline that has little hope of being anything more than a regional feeder, he feels compelled to lash out at those he feels is to blame - the UAL employee."

Chip comments: Tumbleweed, you may have missed it, but my career has been much, much better at US than UA. For example, at US I was "A" scale and at UA I would have been "B" scale. At US I upgraded to Captain in just over four years and at UA it would have been over eight years to upgrade. At UA I would have lost significant pay and retirement benefits due to the ESOP and at US, with our pay cut in the 90''s, we were paid back twice our cut plus received profit sharing. In regard to retirement, I exceed the US 30-year Captain target benefit of a DC plan benefit of $1 million and based on some reports, the UA retirement issue is still to be resolved and could effect UA''s ability to obtain government backed exit financing. Thus if true, given the ATSB''s position, if the board tells UA chief financial officer Jake Brace that UA must terminate the ALPA pension to obtain a loan guarantee, what then?

Finally, I have made significantly more money at US than I would have at UA, which my wife and I invested in hard assets, not subject to the bear market, therefore, since you seem to be an expert in my personal situation, can you tell me why I want to be at UA? I know I''m not the smartest guy in town, but with more money, a larger portfolio, and working for a company who is not in bankruptcy, can you tell me how I would be better off at UA, who still has a major risk of liquidation, which often occurs in Chapter 11?
Chip asks: Tumbleweed, can you tell me how I would have been better off at UA than US in light of the facts listed above?

Best regards,

Chip

 

[USA320Pilot]

737nCH11:

737nCH11 said: One way you would be better off is that you would be a senior 767 captain with the ability to rapidly advance due to early retirements.

Chip answers: Maybe, but US has over 3,100 pilot age 60 retirements in the next 13 years before I retire and on January 1, 2003 I was number 1,726 on the US ALPA seniority list, which will make me very senior shortly. Regardless, who cares about my professional life? The only reason I posted this information was to correct Tumbleweed's inaccurate claim.

Best regards,

Chip

 

[737nCH11]

It will be interesting to see how this plays out. The UAL pilot group predicated their concessions on keeping their pensions intact. With all that the labor groups have given, I think that you would be hard-pressed to find anybody ready to give more.

Will UAL ALPA submit to UAL''s demands if it comes to that, or will they chose to stand their ground? Hopefully the issue will be resolved before it gets to that stage, but I did find MEC chairman Paul Whiteford''s remark that it "would cause a meltdown on the property" to be revealing about the pilot group''s stance. My hat is off to ALPA.

 

[USA320Pilot]

Fly:

Fly said: "WOW!!! A Senior RJ flyer...WTG! You have fun, you deserve it!"

Chip comments: Fly, I find your comment interesting, but lacking accurate information. For most of my remaining years, with the future US A330 firm orders, I will be an A330 Captain. For more information on a potential US stand-alone business plan you can go to the US USaviation.com message board and look at my strategic analysis or go to www.chipsplace.com.

Best regards,

Chip

 

[Todd B]

Please review the forum rules as we do not allow personal insults or name calling.

 

[tadjr]

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On 7/22/2003 2:13:00 AM iflyjetz wrote:

Thanks 737, I hope that things also go well over at U.

Tailwinds,
iflyjetz

PS- Can anyone over at U muzzle the Chipster? He doesn''t help interline relations.

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One post into a nice thread and this happens. Just ignore him if you arent interested in his postings. Why do you think he''s started with the UA board? He has limited discussions with US people after his past remarks during our negotiations. Some of his postings are interesting reading, but if you''re tired of the same old, dont give him a reason to post a reply to you.