NEW YORK (TheStreet) -- American Airlines (AAL) regional subsidiary Envoy Air is losing pilots so rapidly that it is sending airplanes to other carriers that have enough pilots to fly them.
What could be worse? American apparently believes it would be even tougher to continue to operate under the pilot contract approved by prior management during its bankruptcy.
So today, Envoy is in "a unique situation where an airline is coming apart," said aviationconsultant Bob Mann. Some observers believe the airline cannot survive but that Envoy can continue to operate as a ground handling company.
More details here.
