On 10/23/2002 11:09:53 AM chipmunn wrote:
UAL777flyer your analysis is correct regarding the A-321s and Airbus holds 3 of the 13 creditor committee positions including chairman of the committee.
Yesterday there was a meeting of the creditors committee known as 341 meeting. The 341 meeting is a meeting where the creditors asked representatives of the company questions relating to the companyâ€™s financial affairs.
At the meeting US lead bankruptcy firm Skadden & Arps told the creditors that US already
has achieved $1.3 billion in annual savings. But costs targets must be increased to $1.4 billion to $1.6 billion to obtain the loan guarantee due to decreasing industry-wide revenues.
US is hoping the remaining cuts can be obtained from aircraft lessors, but if not they will have to come from another source, probably labor, if the company is going to be able to emerge with access to additional funds.
In the long-term, eliminating the older B-757s in favor of the A-321s makes economic sense. In reagrd to the B-767s, all eleven leases are held by the US Equity Plan Sponsor, the RSA.
There's a plan Chip!! Ditch a plane that we have damn near unlimited support for...in favor of something that we can't even borrow a part for in the US. The A321 outside of it's limitations in performance...is a nightmare for us. Got any idea how long Acft 167 in PHL has been sitting and waiting for stuff to show up??? I'll bet the awnser is No. The B757 is one of the easiest planes we have to support...and it delivers!! Cost is not about purchase price..it's about ownership. Airbus is screwing us into the tarmac...and we have not done all that's needed either. The Events of Sept 11th..nor the Chapter 11 filing have anything to do we what we have not prepared for during better times. Go ahead and promote the addition of more A321'a and the alike. You will be promoting a quickening of U's potential downfall. Mark my words when one or more of these turds can't be repaired in time to make revenue , and we don't have a 757 to take it's place. You people are either blind or simply crazy!! We have nobody to help us in the US when an A321(Specific) item is needed. WE do not have friends like AA/HP,N7 or CO to ask for a loaner part...or a cup-o-parts like we do with the RB211-535's on our B757's....You have effectively cut your own darn throats by being stylish. This in your humble opinion is going to save money how? I'll eagerly await the corporate party line on this facade.