I have heard that MYT management have commenced discussion with the CC, apparently on a reasonably amicable basis, which at least augers well (or less badly!)

As mentioned earlier, it may be that a significant number of voluntary redundancies could be taken up...if the package is good enough. I know that if they offered me a bunch of money, I'd seriously think about leaving - (I'm senior enough on the 'bus fleet probably not to be affected by LIFO) - and That stands good for a large number of other pilots I've spoken with as well. It may well be in the company's interest to offload some of the more senior and expensive pilots. Maybe that could be used to mutual advantage? Or maybe not.

Also, there is a queue of people waiting for their turn to come up at EZ, Virgin et al, (ranging from captains to cadets) which would again help to lessen the number of compusory redundancies. The question they must ask themselves is do they go or hang around in the hope of a severance payment?
(Is there a point of law there?)

The good thing is that there are at least jobs out there, (albeit maybe not such good ones), and with the help of BALPA, IPA and the like, folk should not be unemployed for too long.

What we have got to do is support each other as much as we can - that is not helped by some of the crass comments that have been posted on this thread,

So thanks to all who have supported us and could all the doom merchants please refrain from being so destructive with their comments?

See ya around the bazaars - gash

I reckon early retirement packages are the way to get the more senior and therefore more expensive pilots to consider going. I am sure the CC will be looking at that option and pushing for a descent package. What is the age demograph like at MYT? Are there many close to retirement? With only a few years to go and a decent package on offer it can make it more beneficial to leave than to stay! Let's hope this and the other options negotiated are good and the compulsory redundancies are minimized, which I still think they will be.

PP

Icehouse

the skyservice aircraft are over here servicing Mytravel contracts on behalf of their parent company (yes you guessed it - Mytravel)

As for TF Reg aircraft, Mytravel have as much right to go and qoute for their business in Iceland if they wish, we're (Commercially) one community now mate

good luck to all at MYT, I too have got the T Shirt, the problem is certainly not the plethora of TF reg aircraft on the ramp, there was enough in house work to keep them on the straight and narrow had they been managed correctly.

BOTFOJ - I think you'll find that MyTravel is not SkyService's parent company. We have very close corporate links, but that's about all.

SkyService is not part of the MYT group. They fly for us in the summer; we fly for them in the winter that is the only link.

SkyService
 

The link between SkyService and MYT is not clearly defined, and is not easy to determine. (Could be an inheritance from the dodgy ex-management now residing in their mansions in the North-West of England.) However, the past is the past.

It would certainly be important for the deal between the 2 operators to now be re-negotiated to accommodate the interests of MYT, which means in part their employees.

Members of Parliament around the UK are being pressed to review this employment situation in the light of this week's events, I understand. Quite right too. (It's not a European issue)

To balance things fairly, it should be recognized that MYT operate their a/c and crews in Canada every winter.

Royhudd

Some years ago it was assumed that there was a financial connection between MYT and SSV. This was investigated when SSV first started flying for us; we found the MYT group had no direct connection with SSV. I think much of the assumption came from the similar colour scheme at the time! However, there was some evidence of loan guarantees etc. so there are some strong corporate ties but they are not part of the MTY group.

It is difficult to be black and white about SSV flying for MYT in the summer as we will again be sending pilots to Canada this winter. If we break the ties with SSV will we gain or loose pilot jobs? The answer is I don't know the answer to that one but BALPA and our CC are looking into the issue as we speak.

The company so far has handled the situation as well as can be expected and it appears they are open to any and all options to reduce the impact on the work force. However, only time will tell how far they are really willing to go but the initial indications are they will be as fair as you can be in this unhappy situation.
:(

As a recently redundant flight deck member with MYT I can assure you that the redundancy package will be far below your expectations. 'Legally , but shabbily, treated' was how a colleague of mine described it. That sums it up.

Can anyone tell me what actually went wrong with MYT, and how a promosing Airtours fleet of MD83s in 1991 turned into a fastly reducing fleet of Boeings and Airbuses.

Tommy
Simply - changing market, over capacity, bad decisions/poor management and poor accounting. Not necessarily in that order!

When did the problems start? Some Airline companies always blame 9/11 but it never affected Britannia, Monarch, Thomas Cook. And this MYT renaming thing, i think thats killed it off.
Why cant they just sell off the whole company to Thomas Cook or TUI.

And which company in their right mind would buy the debt in excess of £1 Billion???

Well maybe when MYT go bust, a company can buy up its aircraft.
How the hell did they get one billion in debt, even Abramovich couldnt save them.

Just a tip if it might be you.

Employee's facing the axe, or in counsultation.
HR won't divulge but with the new concession year approaching if staff book a holiday using full concessions whilst in consultation but ensure booked before notice is served then the company will honour your holiday at whatever date it is booked for (within the concession year) but once notice is served the holiday has to be taken by end of notice period and concessions are pro-rata.
Presumably the form for leave granted has to be signed for interline first?
just something to try.

good luck all.

Tommyinyork,

We wont go bust!

We will just reduce the size of the company, fleet, capacity, bases and staff drastically.

Shame I wont be there to see it happen this year.
I suppose Im lucky in the sense that I have a seasonal contract, I will still most likely get asked back next year.

Its called GREED and those responsible have left with wonderful payouts and share options no doubt cashed in when the shares were still worth something..........................

Tommy,

Are you perhaps some greasy teenage aircraft spotter sitting at home on the internet with your bedroom curtains closed while the other children are outside playing?

If you really have a genuine interest in the economics and poor business decisions that put MyTravel in the position they are currently in then I suggest you go and do some proper research. You could try the Financial Times website or that of any of the other broadsheets. You could probably also get a lot of opinion by searching for relevant posts here on pprune going back over the past three years or so. Certainly, a lot has been written on the subject. A little bit of effort will yield all the answers that you seek. What you shouldn't do is pop up in a serious discussion about people being made redundant asking inane questions and come out with stupid and insensitive statements like "Well maybe when MYT go bust...".

The reality is that MYT may go bust or they may not. This applies to any airline in the world that you care to name - things change! Airtours was once a massive company worth a fortune on the LSE and look at it now. The point is that YOU don't know whether it will or won't go bust any more than anyone else. In fact YOU seem to know practically nothing.

And while you're at it you could also stop talking bollocks on the "Air Scandic DC10s" thread in "Terms and Endearment" as well! You clearly know nothing of these matters. Now go and ask the other kids nicely, I'm sure they'll let you play with their ball!

Munkeh,

Very true words!

Tommy is more than likely an Airliners.Net First Class subscriber that thinks he knows the economics of every bloody airline, and can fly a 777 better than an experienced pilot because he's had 4000+ hours on flight sim.

Anyway, to go back to the original post, no one knows what will happen to MYT, hopefully we will come out of it, but as you say every airline is up against the same really.

Anyone want to bet that MYT will get rid of XXX Pilots and end up short next year.....Or seasonal Summer only contracts...

Just booked my Summer 2005 Hols flight on MYT Lite as a vote of confidence and support to all MYT Staff. (cynics might say they put the flights out early for my dosh)

Banzai,

Or they could have put the flights out early in response to BMIBaby moving in on the BHX market! :hmm: