C
chipmunn
Guest
Dear Moderators:
I made the following post and you closed the thread stating it was duplicate information. I disagree with your position because I posted questions throughout the text and asked for legitimate debate, but you denied this specific discussion; therefore, I ask that you do not delete this thread.
Thanks.
Chip
Reposted comments:
US Airways RSA DIP financing agreement requires cost cuts and RSA as the DIP financier said it will move to liquidate the company if labor cost reductions do not occur.
All of US Airways other financing agreements including the federal loan gurantee, equity investment, GECAS DIP financing, and GECAS post bankruptcy financing require all bankruptcy cost reductions to be complete.
With so much on the line and all of the heavy hitters demanding cuts or the airline will liquidate, what do the no voters expect these financial institutions to do if the companny does not obtain ratified TA's with its unions?
Do the no voters believe they will put their capital at risk when their terms to lend US Airways money is not met?
US Airways told the bankruptcy court today that November revenue declined and its net loss widened. The Associated Press reported US Airways' revenue totaled $519 million for the month, down 9 percent from $572 million in October, according to the company's monthly operating report. Net losses amounted to $118 million, a 157 percent increase from $46 million in October.
Becasue of the revenue shortfall, more cost cuts are required or the doors could close foreover. Could this be why every union leadership group has recommended members vote yes on the TA's?
As Chris Chiames said, it appears to me comments by people like Tim Nelson and Jim Root represent dangerous and irresponsible recommendations.
Chip
I made the following post and you closed the thread stating it was duplicate information. I disagree with your position because I posted questions throughout the text and asked for legitimate debate, but you denied this specific discussion; therefore, I ask that you do not delete this thread.
Thanks.
Chip
Reposted comments:
US Airways RSA DIP financing agreement requires cost cuts and RSA as the DIP financier said it will move to liquidate the company if labor cost reductions do not occur.
All of US Airways other financing agreements including the federal loan gurantee, equity investment, GECAS DIP financing, and GECAS post bankruptcy financing require all bankruptcy cost reductions to be complete.
With so much on the line and all of the heavy hitters demanding cuts or the airline will liquidate, what do the no voters expect these financial institutions to do if the companny does not obtain ratified TA's with its unions?
Do the no voters believe they will put their capital at risk when their terms to lend US Airways money is not met?
US Airways told the bankruptcy court today that November revenue declined and its net loss widened. The Associated Press reported US Airways' revenue totaled $519 million for the month, down 9 percent from $572 million in October, according to the company's monthly operating report. Net losses amounted to $118 million, a 157 percent increase from $46 million in October.
Becasue of the revenue shortfall, more cost cuts are required or the doors could close foreover. Could this be why every union leadership group has recommended members vote yes on the TA's?
As Chris Chiames said, it appears to me comments by people like Tim Nelson and Jim Root represent dangerous and irresponsible recommendations.
Chip