Us Airways Retiree Drug Plan Guaranteed

[USA320Pilot]

Luv2fly:

No, every airline received a grant and then had the loan guarantee program made available to them.

No spin, just the facts. I find it interesting that when an airline could die, people come out of the “woodworkâ€￾ lobbying that to occur for their own self preservation. In fact, judging from your user name you are this type of person too, just like FA Mikey.

With US Airways receiving $125 million in DIP and/or exit financing from Air Wisconsin, a $125 million pledge from Wexford Capital/Republic in exit financing, a MOU for $110 million for MDA assets/East Coast commuter slots, and the requirement to obtain another $100 million in liquidity (that will be announced shortly), US Airways will dramatically boost its liquidity. Total added liquidity from these announcements equals $460 million.

I guess that upsets you too.

Regards,

USA320Pilot

 

[FA Mikey]

FA Mikey:

I guess its right to get money from the government if it serves your purpose, but not others? Is the government financial gift and assistance program different? That depends on a person’s point of view, I guess. By the way, could AA have applied for the loan guarantee and was it available to the company?

[post="258615"][/post]​

My point of view is AA has NOT recieved a ATSB backed loan. AA did not apply for or need one, then or now. Back to the original point U could not then or now survive with out a tax payer government backed loan.

The PBGC agreed to take on US Airways' underfunded pension and filed a motion with the bankruptcy court seeking the funds. Did you selectively miss that point too?

[post="258615"][/post]​

True. What was the other option? Their duty is to take on the pensions of failed companies. Was there another alternative? No!

I understand why you're not concerned about your pension because the PBGC award is about the same as your current retirement plan.

[post="258615"][/post]​

No you dont, I am not concerned becuse it is of such a small amout as to not be figured in to my retirement plans. So, should feel bad because pilots wont get there multi million dollar lump sum retirements?

Furthermore, I fully understand why you "would like to hope my medical and pass benefits will still exist." Guess what? US Airways employees hope that too and are not lobbying for the demise of your company, like you appear to be here.

[post="258615"][/post]​

????? Who should I direct the comment too. Every day fewer and fewer people work for U.

Why don't you just stick to the AA board because it's obvious your interest in US Airways is "self interest" and preservation.

[post="258615"][/post]​

Yours is not. You are far more in to self intrest than I. I post here because I can. until the moderators limit us to a single sub-board I will continue to post my feeling here or any where else I so choose. Its a open board not your tiny kingdom.

Bruce Lakefield has commented on how many of US Airways' competitors are upset that US Airways still exists today and will likely survive the industry shakeout.

[post="258615"][/post]​

Then he woke up sweating and realizing he too worked for U. But settled in when he recalled his monthly housing income, protected pension and over compensated salary. Turns out the competition is rightfully pissed because there is not a fair playing field. Competitors actuallly have to pay there bills live up to there obligations and run a workable business plan with out relying on tax payer subsidies.

It appears you feel the same way as US Airways' competitors, which is something I believe, is distasteful because I do not want to see any company disappear and people hurt.

[post="258615"][/post]​

NEWS FLASH people are being hurt. U has farmed out maintenance, res and ticketing jobs. U is running rudderless and taking the people left on a ride. Pilot and fa jobs being sent to express. How long until U is nothing but a piece of paper and a few millionaire managers? The people and jobs at U are disappering fast. If you think you are not on the radar to be replaced or farmed out. You are in a fantasy world.

If U shuts down, or simply farms out all the jobs, which is better and hurts fewer people at U?

[post="258615"][/post]​

I have a little story for you capt. Keep it in mind as the people around your company slowly disappear. Your nearly joyous post at the loss of many jobs in maintenance. Reminded me of this by Martin Niemoeller. Instead of communists put reservations, instead of socialists put utilities, instead of unionists put ticketing, instead of Jews put maintenance. When they farm out the flying and you look around for support. Remember you said nothing in support of those who you saw being walked out the door in the months and years earlier.

First they came for the communists, and I did not speak out--
because I was not a communist;
Then they came for the socialists, and I did not speak out--
because I was not a socialist;
Then they came for the trade unionists, and I did not speak out--
because I was not a trade unionist;
Then they came for the Jews, and I did not speak out--
because I was not a Jew;
Then they came for me--
and there was no one left to speak out for me.

Try to paint me as the bad guy for saying the truth about USAIRWAYS, but really you need a long look in the mirror.

 

[luv2fly]

Luv2fly:

No, every airline received a grant and then had the loan guarantee program made available to them.


Yes, every airline received a grant.  Not every airline applied for the the loan, and some that did were denied.  You made a blanket statement that would have some believe that AA applied for and received the same loans.

No spin, just the facts. I find it interesting that when an airline could die, people come out of the “woodworkâ€￾ lobbying that to occur for their own self preservation. In fact, judging from your user name you are this type of person too, just like FA Mikey.

Seems a bit hypocritical to me.  You are obviously well known on your own board for such banter.  Nobody around here is coming out of the woodwork.  Most posters here work for various airlines, and yes, most are interested in "self preservation".  Aren't you?  You must be.  You have been an outspoken advocate of continual concessionary bargaining, so yes, you are definitely interested.  On top of that, you appear readily willing to self preserve at the expense of your fellow employee groups.  Like I said, .. hypocritical.
You are going to have to elaborate on your assumption of my user name.



I guess that upsets you too.

Why would that upset me?  I still believe U will ultimately fail, as will one or two other airlines.  We obviously disagree on that assumption. Will I jump for joy when you lose your job... absolutely not, but the reality of the industry today.. blah blah blah. Sound familiar? :down:  

[post="258617"][/post]​