AMR buying planes back from Eagle spi...

AMR buying planes back from Eagle spinoff

There are 16 comments on the R & D story from Sep 3, 2011, titled AMR buying planes back from Eagle spinoff. In it, R & D reports that:

AMR Corp. said Friday it has begun buying the planes used by its American Eagle unit, which it is spinning off to AMR shareholders.

Join the discussion below, or Read more at R & D.

Since: Sep 08

Location hidden

#1 Sep 3, 2011
What a crock of poop. This is just another accounting trick on the road to Chapter 11 bankruptcy.
Gerard Arpey and his entire management team, along with the entire AMR board of directors, should be sacked!

Since: May 08

Santee CA

#2 Sep 3, 2011
Buying all of the Airbus and Boeing OK that is from special financing thru the manufacturer. Where did the money come from to buy all these planes? Oh yea from all the saving from not giving employees raises for over half a decade. They are the only airline to "lose" every quarter but they can bonus themselves annually and assume the debt of something they want to get rid of. Someone at headquarters is now analysing why employee morale is in the toilet.
cedeboyd

Citrus Heights, CA

#3 Sep 3, 2011
New airplanes will not boost anyone's morale. Take care of your people and your people will take care of your business. if your people are happy then customers will be happy word will spread and you will have more business and money to buy new equipement outright.

Since: May 08

Santee CA

#4 Sep 3, 2011
cedeboyd wrote:
New airplanes will not boost anyone's morale. Take care of your people and your people will take care of your business. if your people are happy then customers will be happy word will spread and you will have more business and money to buy new equipement outright.
Asking you to move to DFW and be CEO of AMR would be cruel, you can do it from home
texas_t

Midlothian, TX

#5 Sep 4, 2011
cedeboyd wrote:
New airplanes will not boost anyone's morale. Take care of your people and your people will take care of your business. if your people are happy then customers will be happy word will spread and you will have more business and money to buy new equipement outright.
The customer doesn't care about the mood of the employees. They pay to get from point A to point B and expect to leave and arrive ontime with their bags delivered to the carousel in a timely manner. Yes, they expect to travel on new airplanes because that's what the competition offers. If you can't deliver that service then your airline will implode from within and then you can go to work somewhere else probably making a whole lot less money.

Since: May 08

Santee CA

#6 Sep 5, 2011
confused one wrote:
What a crock of poop. This is just another accounting trick on the road to Chapter 11 bankruptcy.
Gerard Arpey and his entire management team, along with the entire AMR board of directors, should be sacked!
So if Eagle were to be purchased by outside investors they would have a fleet of aircraft they are forced to lease from AMR, and no debt. You get to fly those planes on a route structure AMR built with routes AA couldn't make a profit on. You are also able to solicite new routes flying outside the AMR system to supply other carriers. Wow, I wish I had a stash of money somewhere. On the flip side, AMR unprofitable for years has incured even more debt to make Eagle more attractive. With a BK the courts would take the retiree medical AA wants from it's employees to level the playing field. The pensions would freeze with the current funding. AA then would get vaulted back into the game. Eliminating the only benefit they still pay out and a loss of debt, combined with the fact that the employee rates currently are below the rest since there have been no raises for topped out workers in over 5 years.

Since: Sep 08

Location hidden

#7 Sep 6, 2011
Prost wrote:
<quoted text> So if Eagle were to be purchased by outside investors they would have a fleet of aircraft they are forced to lease from AMR, and no debt. You get to fly those planes on a route structure AMR built with routes AA couldn't make a profit on. You are also able to solicite new routes flying outside the AMR system to supply other carriers. Wow, I wish I had a stash of money somewhere. On the flip side, AMR unprofitable for years has incured even more debt to make Eagle more attractive. With a BK the courts would take the retiree medical AA wants from it's employees to level the playing field. The pensions would freeze with the current funding. AA then would get vaulted back into the game. Eliminating the only benefit they still pay out and a loss of debt, combined with the fact that the employee rates currently are below the rest since there have been no raises for topped out workers in over 5 years.
Agree
SEC Perspective

Cordele, GA

#8 Sep 16, 2011
So it is my understanding that some of the big Airline Firms like AMR Corporation

are now going to be acting as aircraft leasing firms (as well as airline management firms) to smaller airline firms.

Look out ILFC and GECAS your market share may be eroding at some point!!!
musicman

Herkimer, NY

#9 Sep 16, 2011
cedeboyd wrote:
New airplanes will not boost anyone's morale. Take care of your people and your people will take care of your business.
Your comment isn't neccessarily true especially with union workers. Often employees may be making top dollar in their field and still shut the company down by strike because they want more and more. Doing a good job has nothing to do with pay. It's about an old fashioned work ethic that is harder to find these days.

Since: Apr 08

Tulsa, OK

#10 Sep 17, 2011
musicman wrote:
<quoted text>Your comment isn't neccessarily true especially with union workers. Often employees may be making top dollar in their field and still shut the company down by strike because they want more and more. Doing a good job has nothing to do with pay. It's about an old fashioned work ethic that is harder to find these days.
musicman is entirely correct! A union culture that is inherently bent on doing less and less but wants more and more in return will eventually shut down a company that can't compete in the marketplace.

This culture has been very prevelent at AA. My brother went to work for them in JFK Cabin Services midnight shift 50 years ago and was immediately indoctrinated into the method of how things worked there. Half the workers slept through their shift and the other half worked. This routine would aternate each night so the crew shared equally in their work and rest period. Commonly referred to as feather-bedding which would require more employees to do absolutely less therefore increasing the cost of the product, selling and filling an airplane seat.

Any AA union or management employee that believes this practice didn't or still exists is living in denial.

Why do you think unions exist? To protect the hardworking dedicated skilled employee or the worker that needs to hide behind the archaic work rules, sit or sleep on his or her fat ass when they are supposed to be working, never doing their job to their full productive potential, and when they they caught violating company policy/rules the union comes to their defense.

When bankruptcy comes you can take your union card to the bank and pay off your home, car/truck/motorcycle, and boat loans. Oh that's right, the bank will only accept hard earned cash. I guess you can burn your union card to stay warm during the long cold winter nights.

Since: May 08

Santee CA

#11 Sep 17, 2011
tulaaretired wrote:
<quoted text>
musicman is entirely correct! A union culture that is inherently bent on doing less and less but wants more and more in return will eventually shut down a company that can't compete in the marketplace.
This culture has been very prevelent at AA. My brother went to work for them in JFK Cabin Services midnight shift 50 years ago and was immediately indoctrinated into the method of how things worked there. Half the workers slept through their shift and the other half worked. This routine would aternate each night so the crew shared equally in their work and rest period. Commonly referred to as feather-bedding which would require more employees to do absolutely less therefore increasing the cost of the product, selling and filling an airplane seat.
Any AA union or management employee that believes this practice didn't or still exists is living in denial.
Why do you think unions exist? To protect the hardworking dedicated skilled employee or the worker that needs to hide behind the archaic work rules, sit or sleep on his or her fat ass when they are supposed to be working, never doing their job to their full productive potential, and when they they caught violating company policy/rules the union comes to their defense.
When bankruptcy comes you can take your union card to the bank and pay off your home, car/truck/motorcycle, and boat loans. Oh that's right, the bank will only accept hard earned cash. I guess you can burn your union card to stay warm during the long cold winter nights.
SNAP OUT OF IT. This is not 50 years ago. This is not the NY in the '30's and '40s. This isn't Longshoremen or Teamsters with axe handles and molitov cocktails. This is the post '80s Reagan V. PATCO union era. The Railway Labor Act requires after numerous steps and a 30 day "cooling off" period before any strike. This is also known as the hire and train replacements time. An airline union can no longer bring a company to it's knees. Oh the workers may have ways of making life more difficult, but if you walk don't look back. Where is my proof. Ask any of the AMFA mechanics who "shut down " Northwest when they walked. Northwest barely skipped a beat. 1 of the guys I knew is out of the airline industry know. Another throws luggage at SW and still a 3rd is still a mechanic. For a contract firm that pays FAR less than he was making. I'll admit some union shops have it alot easier than others, but the only breaks I get is between planes, provided there is a gap. The mechanics however lie in wait for something to break.

Since: Apr 08

Tulsa, OK

#12 Sep 17, 2011
Prost wrote:
<quoted text>SNAP OUT OF IT. This is not 50 years ago. This is not the NY in the '30's and '40s. This isn't Longshoremen or Teamsters with axe handles and molitov cocktails. This is the post '80s Reagan V. PATCO union era. The Railway Labor Act requires after numerous steps and a 30 day "cooling off" period before any strike. This is also known as the hire and train replacements time. An airline union can no longer bring a company to it's knees. Oh the workers may have ways of making life more difficult, but if you walk don't look back. Where is my proof. Ask any of the AMFA mechanics who "shut down " Northwest when they walked. Northwest barely skipped a beat. 1 of the guys I knew is out of the airline industry know. Another throws luggage at SW and still a 3rd is still a mechanic. For a contract firm that pays FAR less than he was making. I'll admit some union shops have it alot easier than others, but the only breaks I get is between planes, provided there is a gap. The mechanics however lie in wait for something to break.
PROST,

As I said the lazy union personnel problem still exists! I'm talking about a problem that has been very prevelent within AA for many, many years. Is every union worker lazy? No! But I bet you can find many of them that are. TULE has had its share of workers caught sleeping during their shift only to have the union come to their defense. At TULE an electrical contractor came to me and was perplexed how he was to continue his work up in the rafters in one of the maintenance overhaul buildings when his workers came across a make-shift room complete with mattresses so the workers could REST, or better yet, goof off during their shift. Or how about the Seat Shop where they produce enough to keep management happy and sleep away half the midnight shift.

Prost, we're talking about 2011, not the 20's, 30's, 40's, 50's, 60's, etc.........

Sorry to say, but for those of us that break our ass for the good of the passengers, our company and fellow employees there are those amongst us that want the free pass and think the gravy train will never come to a tragic halt. Boy will they look like crap when they report to work and read the following sign on the front door "CLOSED, OUT OF BUSINESS"
ponyexpress

Herkimer, NY

#13 Sep 17, 2011
Prost wrote:
<quoted text> An airline union can no longer bring a company to it's knees... Ask any of the AMFA mechanics who "shut down " Northwest when they walked. Northwest barely skipped a beat.
Oh yes, I enjoy flying NW. It's a great airline. LOL.
Bloody Priv Equity Hands

Pennington, TX

#14 Sep 20, 2011
Well AMR's stock is up a bit today
That el clear the books

South Gate, CA

#16 Oct 23, 2011
So if AMR declares bankruptcy after Eagle is spun could the spun Eagle come back and buy the pieces of AMR it wants?

This is all higher level cozy club Exec level conspiracy. Unsecured shareholders are going to be finically slaughtered if this AMR pack of Exec level thieves and board of directors are not ousted.
That el clear the books

United States

#17 Oct 23, 2011
Financial - Eagle Holdings (Executive Airlines, American Eagle Airlines) unencumbered by debt getting, loans to take the pieces of AMR it wants,

and then the planes come out American Airlines ~ small letters by the entryway door operated by American Eagle Airlines, Executive Airlines, or even something like a d/b/a America ~ small letters by the door "a company of Eagle Holdings".

- read up on how it was done at VARIG Airlines of Brazil. Talk about sleazy business.

AMR shareholders unsecured, you guys better figure out a way of ousting the crooks, for all that is going on now there is the crooks are finding ways of feathering their own financial nest.

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