Evergreen in a class of its own
Evergreen International Aviation's contribution to Yamhill County stretches far beyond the obvious: 463 relatively high-paying local jobs, many of them at the executive level; a major infusion of property taxes on a corporate headquarters complex and extensive local land holdings; and the national/international tourist attraction it has established ... (more)
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#1 Jan 4, 2013
I heard that Evergreen is paying their employees late and stranding others overseas, some in Afghanistan, by not funding their travel. They also complained about their contracts in Afghanistan being terminated due to poor aircraft availability because no parts are being sent by the company. Is this all true? Are they in that much trouble that it is not worth applying with them?
#2 Jan 8, 2013
As a former employee of Evergreen I know the airline was and still is having problems with money, the EAGLE division is in worse shape due to loss of contracts, failing to maintain equipment, and failing to pay its employees when it’s supposed to, all due to no money. I find it ironic that the owner of the company always used to preach that the employee was the greatest asset of the company and that all payrolls would be met before anything else…………..seems like he changed his mind.
#3 Jan 10, 2013
Evergreen has severe cash flow problems, they pay employees very late and vendors are upset with late or non payment.
#4 Jan 23, 2013
Everything you have said is true!
#5 Feb 1, 2013
Do you know if they have cash to make their next debt payment? have they lost alot of CRAF business? Is D.Smith still running th company daily
#6 Feb 7, 2013
I am tired of waiting. They are acting as a company that is insolvent. Are there any other vendors thjat feel this way. There are remadies.
#7 Sep 2, 2013
August 19, 2013
While Evergreen Airlines’ Debt Piles Up, Pilots’ Pension Plans Go Unpaid
MCMINNVILLE, Ore.—Evergreen International Airlines (EIA) has been in financial jeopardy for the past year. Unpaid judgments and debts to the airline’s crewmembers and other employees, as well as vendors, have prompted the Evergreen pilots and flight engineers, represented by the Air Line Pilots Association, Int’l (ALPA), to question the survivability of their airline when taking into account its debt load.
“It’s hard to go to work, sometimes on the other side of the world, and not know if the airline will shut down or if you’re going to get paid for your services,” said Capt. James Touchette, chairman of Evergreen’s Master Executive Council at ALPA.
This summer, a Yamhill County judge in McMinnville granted judgments against the airline for overdue contributions to the pilots’ pension plans. Evergreen signed two confessions of judgments for the pension contributions for 2011 and 2012. The first payment of $744,651 went unpaid in May, and the second payment of $680,359 was due on August 15 and was not paid.
“Even with a court-ordered judgment, Evergreen is reneging on its obligation to pay into our pension plans, and it is a substantial amount of money,” said Touchette.“A properly managed airline does not conduct business in such a manner—it is unprofessional.”
In addition to the unpaid company contributions to their pension plans, Evergreen crewmembers have experienced further negative effects of the company’s financial situation in the form of late paychecks, having their own voluntary contributions to their 401(k) plans delayed, and being required to use personal credit cards at crew hotels across the globe due to company cards being declined.
“We are alarmed that Evergreen has so much debt and isn’t taking the necessary steps to pay it off and get back on track to keep the airline afloat,” said Touchette.“We have to ask,‘Will the airline survive? With all of the judgments and liens on the company,
which is paid first? Does the management team continue to ignore the judgments filed against them and default on them like our pensions?’”
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