Boeing sells 44 jets to Continental

How can a bankrupt carrier buy a few billion dollars worth of airplanes? I guess I'm glad they'll hopefully be doing better when they get them, but then again, my Dad works for the competition...
 
mhcasey said:
How can a bankrupt carrier buy a few billion dollars worth of airplanes? I guess I'm glad they'll hopefully be doing better when they get them, but then again, my Dad works for the competition...
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CAL isn't bankrupt and if I remember correctly NWA placed the orders prior to declaring Ch. 11.
 
mhcasey said:
How can a bankrupt carrier buy a few billion dollars worth of airplanes? I guess I'm glad they'll hopefully be doing better when they get them, but then again, my Dad works for the competition...
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Are you kidding...bankruptcy is probably the best time to buy stuff as a corporation. There are so many compaines that have invested financially in airlines survival if the airline goes under they lost their investment. So the financier and holding companies get other companies like Boeing or GE to get financial concessions in the form of discounts for future planes,parts,lower lease rates etc. all with the promise of exclusivety (sp) in future orders etc.
 
this is extremely good news for aspiring pilots and for the company. for those paying attention, continental has been expanding internationally and has really put a lot of strain on their transatlantic equipment. using the 757 internationally has seemed to work out for them and the 787 could open asia and other markets more efficiently. i assume the 738 will be used to fly old 757 routes domestically.
 
So according to airlinepilotcentral between AA and CAL there is over 6000 mainline pilots set to retire within the next ten years. Add another 1000 for growth over a span of 10 years at each, thats 8000 mainline jobs that hopefully wont be farmed out. That doesn't take into account that FEDEX and Southwest want to hire 400-500 pilots for the next 2-4 years. I think we're at the beginning of the next hiring boom here at the end of 06'. The real question is will you get in before most pilots so that when the furloughs come, you won't be touched? Eh? Beuler? Beuler?
 
Willdathrill said:
this is extremely good news for aspiring pilots and for the company. for those paying attention, continental has been expanding internationally and has really put a lot of strain on their transatlantic equipment. using the 757 internationally has seemed to work out for them and the 787 could open asia and other markets more efficiently. i assume the 738 will be used to fly old 757 routes domestically.
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Yes, very good news. last time I checked their mins were something like 4,000 TT. I noticed that to. One day there flying 73s and the next week theve got 75/76/77s buzzing around. Pretty sweet to see them expanding and growing (and not buying airbus:) Not starting anything)
 
n57flyguy said:
Yes, very good news. last time I checked their mins were something like 4,000 TT. I noticed that to. One day there flying 73s and the next week theve got 75/76/77s buzzing around. Pretty sweet to see them expanding and growing (and not buying airbus:) Not starting anything)
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Huh? Uh, CO has operated the DC-10, 747, etc., not that there's anything wrong with flying 737s around.

And their mins are:

1,500 hours fixed-wing total flight time
1,000 hours fixed-wing PIC time, or 500 hours PIC time and 500 hours SIC time in a turbojet
1,000 hours fixed-wing turbine time
1,000 hours fixed-wing multi-engine time (civilian or military) or 1,000 hours single-engine military fighter jet time
A current ATP written exam
A current first class FAA medical
A current passport
A Bachelor's degree is highly desired
 
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