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Thread: American?s New Reorganization Plan Details Cost Cuts For Eagle?s Fleet

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    American?s New Reorganization Plan Details Cost Cuts For Eagle?s Fleet


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    American?s New Reorganization Plan Details Cost Cuts For Eagle?s Fleet By Darren Shannon Source: Aviation Daily

    April 17, 2013

    American Airlines? newly filed plan of reorganization, which centers on its proposed merger with US Airways, provides details of a drastic overhaul of its regional operation?s cost structure through a combination of aircraft returns and reduced leasing payments.

    The cost of American Eagle Airlines? fleet was a burden to its parent company prior to the company?s Chapter 11 filing in November 2011, and during the court protected restructuring American first negotiated the return of 18 Embraer ERJ-135s and later a sale and leaseback of the 21 ERJ-135s remaining in Eagle?s fleet.

    But court filings submitted late April 15 now disclose the full extent of American?s plan for Eagle?s Embraer fleet. Those 21 ERJ-135s, for instance, are only on lease for $40,000 a month on contracts expiring between Jan. 1 and Dec. 31, 2013. At year-end, American will ?no longer have any payment obligations,? the airline notes in its disclosure statement.

    American also says the lease payments on its fleet of 58 ERJ-140s will be cut 49% and payments on 68 of its 188 ERJ-145s by 34%, pending amendments to existing financing documents.

    Lease payments on the remaining 50 ERJ-145s in Eagle?s fleet are unchanged, American notes.

    The changes to the Embraer fleet will save American about $670 million. No changes to the debt associated with Eagle?s 47 Bombardier CRJ700s are detailed.

    American?s disclosure statement also confirms that the mainline carrier intends to take delivery of 130 leased A320-family aircraft between 2013 and 2017 and purchase another 130 Airbus A320NEO-family aircraft between 2017 and 2022, as well as ?approximately 300 new aircraft, including 737, 777 and 787 aircraft? from Boeing between 2012 and 2025.

    Airbus?s current order book currently lists 130 A321s on order from American, although the first deliveries are expected to be A319s starting this summer. Boeing?s current order book lists 102 737-800s, 100 737MAX, 15 777-300ERs, 12 787-8s and 12 787-9s destined for American.

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    and payments on 68 of its 188 ERJ-145s by 34%, pending amendments to existing financing documents.

    Lease payments on the remaining 50 ERJ-145s in Eagle’s fleet are unchanged, American notes"

    By my count it should read "remaining 128 ERJ-145s". What am I missing here?

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    that is the eagle fleet plan, for now until any reductions are needed to help out rah and skw.

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    Quote Originally Posted by MQTMTXguy View Post
    and payments on 68 of its 188 ERJ-145s by 34%, pending amendments to existing financing documents.

    Lease payments on the remaining 50 ERJ-145s in Eagle’s fleet are unchanged, American notes"

    By my count it should read "remaining 128 ERJ-145s". What am I missing here?
    The 188 number is an error. There are 118 ERJ-145s, 50 older versions and 68 later versions. Attached are the registration numbers for all the ERJ aircraft. 700 series numbers are E-135s, 800 series numbers are E-140s and the rest are E-145s.

    ERJ aircraft reg. numbers.pdf

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    In theory, wouldn't pay go up for EMB captains with the loss of the 135? Captain pay was 135 pay with an override for anything bigger. We used to joke that they would put the last one in the c.r. Smith museum just to keep it on property.
    Last edited by Ferris; 04-21-2013 at 03:55 PM.

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    We used to say the same about the ATR-42.

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