MyTravel Redundancies
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MyTravel Redundancies
I'm surprised nobody has yet posted about this so I'll start the ball rolling.
MYT have today announced that they are withdrawing their entire Boeing fleet from service with a loss of up to 118 pilot jobs. The last remaining DC10 will also go making a total of nine aircraft (5 757s, 3 767s and the DC10).
If anyone hears more information please share it as the company aren't exactly coming forwards with how they intend to choose the 118.
MYT have today announced that they are withdrawing their entire Boeing fleet from service with a loss of up to 118 pilot jobs. The last remaining DC10 will also go making a total of nine aircraft (5 757s, 3 767s and the DC10).
If anyone hears more information please share it as the company aren't exactly coming forwards with how they intend to choose the 118.
Alba Gu Brath
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db
You won't hear any more information because there isn't any. The company are entering into a 90 day consultation period with all staff concerned. It certainly makes a change for the comapny to let the staff know first rather than hearing it via BBC news or PpRuNE.
bacardi walla - it's been over 2 years now, any chance of letting it drop!
You won't hear any more information because there isn't any. The company are entering into a 90 day consultation period with all staff concerned. It certainly makes a change for the comapny to let the staff know first rather than hearing it via BBC news or PpRuNE.
bacardi walla - it's been over 2 years now, any chance of letting it drop!
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With the announced withdrawl of MYT's Boeing fleet, My Travel will be left with the following Airbus fleet operating it's services
A320 x 8
A321 x 6
A330 x 3
(excluding those operated by My Travel Lite & My Travel Airways A/S)
A320 x 8
A321 x 6
A330 x 3
(excluding those operated by My Travel Lite & My Travel Airways A/S)
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db767. Check your PMs
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Terrible news but inevitable. A hole in the finances that big was always going to require further rationalisation.
Good luck to all those affected and I hope this is the last of the bad news, MYTs fortunes start to recover and those who lose their jobs find rapid employment elsewhere.
Good luck to all those affected and I hope this is the last of the bad news, MYTs fortunes start to recover and those who lose their jobs find rapid employment elsewhere.
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Unfortunatley this is needed to keep the company competitive/alive, it will be a crewing dream with ccq on the bus. I understand that the boeing phase out will not be immediate although the 4 old girls (eastern a/c) will be parked at the beginning of the winter. One 767 will operate from GLA next summer.
Just heard this on BBC radio news.
If the staff heard it before the press, that's one bit of decency lacking these days.
Another bad day for the North West aviation industry.
After the closure of BA's hangar, the reductions at FLS and now My Travel all at MAN, it seems nobody is safe anymore.
Good luck to all concerned.
If the staff heard it before the press, that's one bit of decency lacking these days.
Another bad day for the North West aviation industry.
After the closure of BA's hangar, the reductions at FLS and now My Travel all at MAN, it seems nobody is safe anymore.
Good luck to all concerned.
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Big Tudor let what drop ? Have I missed something here ?
I wish no harm to come to anyone with this latest MYT announcement, I just hope that more bad news is not to come.
I wish no harm to come to anyone with this latest MYT announcement, I just hope that more bad news is not to come.
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bacardi walla
I think Big Tudor was refering to your rather unhelpful and pompous sounding post.....
I echo his comments. I think the guys at MYT have enough to discuss here rather than trying to deflect comments like that from you.
I think Big Tudor was refering to your rather unhelpful and pompous sounding post.....
I echo his comments. I think the guys at MYT have enough to discuss here rather than trying to deflect comments like that from you.
The plan is apparently for the four ex-Eastern 757s to be sold to a buyer with whom the company is already in talks, but in either event, they will be phased out at the start of the winter. The one remaining [newer] 757 (G-WJAN) is off to Canada at the start of the winter for a long-term lease to Skyservice.
On the 767s, two are to go out on long-term leases and the future of the third has not yet been determined. codpiece face, whilst there are various suggestions that one may be retained for Summer 2005, the options strongly indicate that this will not be the case. Negotiations are ongoing with another UK tour operator to take that particular aircraft over; selling it is not an option at present due to the very high value at which it is included in the company's books.
The DC10-30 is going at the end of the summer to Air Scandic who are supposed to be obtaining a second one (ex Finnair) to replace the two A300B4s. Arrival of the '10 at Air Scandic will see them launch onto some new long-haul ventures, apparently to include South Africa ex MAN, but that's another story.
One would hope that, with a number of the aircraft at least remaining in the UK market, this will aid employment prospects for those who will be affected by this move.
On the 767s, two are to go out on long-term leases and the future of the third has not yet been determined. codpiece face, whilst there are various suggestions that one may be retained for Summer 2005, the options strongly indicate that this will not be the case. Negotiations are ongoing with another UK tour operator to take that particular aircraft over; selling it is not an option at present due to the very high value at which it is included in the company's books.
The DC10-30 is going at the end of the summer to Air Scandic who are supposed to be obtaining a second one (ex Finnair) to replace the two A300B4s. Arrival of the '10 at Air Scandic will see them launch onto some new long-haul ventures, apparently to include South Africa ex MAN, but that's another story.
One would hope that, with a number of the aircraft at least remaining in the UK market, this will aid employment prospects for those who will be affected by this move.
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What we are seeing here is certainly sad but not surprising. The DC10 is a 1978 aerolplane, 26 years old. There are very few pax dc10's left in the world. It is an aeroplane that I know well. Compared with the simiarly payload/range A330 the operating costs must be staggering now.
The ex-Eastern C powered 757's are all over 20 years old. As BA found the economics of the C powered aircraft drifted away several years ago. The similarly sized A 321 has far superior economics to the C powered 757.
It also makes no sense to operate the 763 and the A330. The are too similar innperformance to justify having separate fleets.
What MyTravel is doing under pressure from its lenders is cutting back again and again until it finds its core of profitable business. It is probably getting close to that now and if so the new managemnet will have done a fine job.
What is most important is that the various stakeholders
( customers, staff, investors of all sorts and suppliers) are dealing with a secure and profiitable business. No one likes having to work under threats about future security in a business that has had, maybe be still having, severe financial problems.
Let us hope that this is the last retrenchment for MyTravel but I suspect that we will soon hear that MyTravel Lite will disappear.
The ex-Eastern C powered 757's are all over 20 years old. As BA found the economics of the C powered aircraft drifted away several years ago. The similarly sized A 321 has far superior economics to the C powered 757.
It also makes no sense to operate the 763 and the A330. The are too similar innperformance to justify having separate fleets.
What MyTravel is doing under pressure from its lenders is cutting back again and again until it finds its core of profitable business. It is probably getting close to that now and if so the new managemnet will have done a fine job.
What is most important is that the various stakeholders
( customers, staff, investors of all sorts and suppliers) are dealing with a secure and profiitable business. No one likes having to work under threats about future security in a business that has had, maybe be still having, severe financial problems.
Let us hope that this is the last retrenchment for MyTravel but I suspect that we will soon hear that MyTravel Lite will disappear.
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It's interesting how different people see the same news in very different ways.
Doom and gloom merchants will see this as a 'backward step' and heralding far worse things to come, i.e. 'my glass is half empty'
Optimists will see this as a positive sign that the necessary steps are being taken in an attempt to rationalise a business that clearly needs it, in an attempt to stabilise and produce a more robust business that can compete and survive in a very fickle and volatile industry, i.e. my glass is half full'
I'm sure all are agreed on one issue; i.e. It's a sad day when any pilot faces redundancy, but that's aviation for you and it's something we all knew when we embarked in this profession.
My view is that it is better to increase the chances for the majority and keep the business, rather than risk the lot and place everyone on the job market. I therefore applaud some positive action by the company in the interests of turning it around; failure to act would probably be a disaster for everyone.
I have little doubt, in the current climate that those unfortunate ones will suffer only a short term glitch in their long term careers.
Condolences to those that draw the short straw this time round, but this business has always been akin to 'snakes and ladders'.
Doom and gloom merchants will see this as a 'backward step' and heralding far worse things to come, i.e. 'my glass is half empty'
Optimists will see this as a positive sign that the necessary steps are being taken in an attempt to rationalise a business that clearly needs it, in an attempt to stabilise and produce a more robust business that can compete and survive in a very fickle and volatile industry, i.e. my glass is half full'
I'm sure all are agreed on one issue; i.e. It's a sad day when any pilot faces redundancy, but that's aviation for you and it's something we all knew when we embarked in this profession.
My view is that it is better to increase the chances for the majority and keep the business, rather than risk the lot and place everyone on the job market. I therefore applaud some positive action by the company in the interests of turning it around; failure to act would probably be a disaster for everyone.
I have little doubt, in the current climate that those unfortunate ones will suffer only a short term glitch in their long term careers.
Condolences to those that draw the short straw this time round, but this business has always been akin to 'snakes and ladders'.
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A lot of good guys there, some of whom it seems will suffer - I presume seniority is beign respected and they aren't trying to get rid of guys just based on their ratings?!??
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Been there, done that, know how it feels.
In offering sympathy for the guys I would point out that this is, to those who have been around a few years, a more hopeful situation than it might appear.
Firstly, this may well be the action that brings about the turn-around in My Travel's future.
Secondly, the pilots who are laid off will at least have the chance that they will be eventually offered their jobs back in a still running and viable company as soon as things pick up.
Thirdly, the cuts are probably over the top and the redundancies may well be reduced by the time the final day arrives. If not, some of the slack may be taken up by other companies if they perceive that capacity will be too low next season.
My very best wishes.
In offering sympathy for the guys I would point out that this is, to those who have been around a few years, a more hopeful situation than it might appear.
Firstly, this may well be the action that brings about the turn-around in My Travel's future.
Secondly, the pilots who are laid off will at least have the chance that they will be eventually offered their jobs back in a still running and viable company as soon as things pick up.
Thirdly, the cuts are probably over the top and the redundancies may well be reduced by the time the final day arrives. If not, some of the slack may be taken up by other companies if they perceive that capacity will be too low next season.
My very best wishes.
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Colegate:
The MYT 757's are all -535 E4 powered. The four ex-Eastern aircraft that MYT operate were re-engined whilst still with Eastern. Monarch re-engined their 535 C aircraft at around the same time.
But, being older 757's that spent some time in the desert, they probably are quite expensive to operate/maintain, compared to younger A321's.
The MYT 757's are all -535 E4 powered. The four ex-Eastern aircraft that MYT operate were re-engined whilst still with Eastern. Monarch re-engined their 535 C aircraft at around the same time.
But, being older 757's that spent some time in the desert, they probably are quite expensive to operate/maintain, compared to younger A321's.