A little-known Florida firm offered to buy American Airlines'

[damajagua]

Informer, I sincerely apologize. I was under the mistaken impression that you knew how to read a balance sheet. Your posts in this thread clearly demonstrate how foolish I was to make that assumption.

AMR's total assets are approximately $25 billion. AMR's total liabilities equal about $29 billion. Here's a link to the AMR 10-K; the balance sheet can be found on pages 51-52 (internal document page numbers) - pages 53-54 of the .pdf document:

http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9NDE0MjE5fENoaWxkSUQ9NDI1NzYxfFR5cGU9MQ==&t=1

AMR's assets are pledged as collateral to secure much of AMR's long-term debt. So how do you propose selling the pieces and not paying the corresponding liabilities? Are you similarly able to sell your house, pocket the cash and not pay your mortgage? If so, you should try that. Make sure the buyer pays you in cash. If it works, you should head over to your local Ford or GM dealer and buy a new truck with 10% or even 20% down. Then turn around and sell the truck and not pay the lender. Trust me, they won't mind.



Whenever I conclude that you're incapable of discussing something like an adult, without namecalling, you always come thru and never disappoint.

LOL LOL LMAO

 

[WorldTraveler]

FWAAA is correct and to add that if anyone at AA thinks things are bad now, you don't want to know what happens when a company is taken private and cuts start coming... they will ruthlessly cut whatever is necessary to turn things around... you really don't want to go there....

It has been done in the airline industry before.

 

[wcs]

Other things FWAAA recently said

Nobody's ever heard of the firm:

This alleged buyout offer is no more real than the airliners.net teenagers who claimed that they were assembling a counter offer for the TWA assets in early 2001.

"..a man hears what he wants to hear and disregards the rest..."
Paul Simon "The Boxer"

 

[MCI transplant]

FWAAA is correct and to add that if anyone at AA thinks things are bad now, you don't want to know what happens when a company is taken private and cuts start coming... they will ruthlessly cut whatever is necessary to turn things around... you really don't want to go there....

It has been done in the airline industry before.

------- Been there, done that! Not pretty! ------- FW, in todays Corporate world, isn't the Bankruptcy Courts the tool of preference in shedding dept? :huh:

 

[Interested]

Wonder how serious he really is by this question and answer.

Q. They probably have to take you serious if the deal is to go forward.
A. "Not really, not if I come together with the other shareholders and control more than 51 percent of the company. Nobody has to take me serious. I'll show them if they don't want to budge."

 

[FWAAA]

From the Thursday paper:

"A toilet flushed and a man who appeared to be in his late 50s walked out of a bathroom. Asked if he was Mr. Weintraub, he said, no. He identified himself as an attorney and said Mr. Weintraub was his client. Asked if he was aware that Mr. Weintraub had made an offer for American Airlines' parent company, the attorney grimaced and said he didn't know that. He seemed surprised when told that Mr. Weintraub was using his mailing address."

http://blogs.star-telegram.com/sky_talk/2011/03/a-look-at-the-headquarters-of-amrs-would-be-buyer.html#ixzz1ICY9EAkD

It's not a real takeover bid.

 

[The Dissident]

There are only 2 privately held airlines that have the size to buy out AA if the offer is legit my theories are , Air Wisconson- which operates a fllet of regionals for US Air and Spirit.

 

[eolesen]

IIRC, Air Wisconsin has a stake in US Airways, or at least they did when they emerged from bankruptcy.

Spirit? Yeah, it's possible. Scary, though. Imagine D&D fan Ben Baldanza being the new CEO of American...

 

[FWAAA]

Virgin America is also privately held, not that it matters - VX is not behind this convicted felon's fantasy bid for AMR.

Even avek00 and his buddy Sean (from the alternate bid for TWA assets days) are more professional than this loser. Besides, Sean now has a real job working for an African airline. Dunno what became of avek00 - he was banned from most aviation websites (including, IIRC, this one).

 

[1AA]

This is an April Fools joke that was released a day early. We all fell for it. Ha Ha OK we got it.

 

[Veritas]

This alleged buyout offer is no more real than the airliners.net teenagers who claimed that they were assembling a counter offer for the TWA assets in early 2001.

Even avek00 and his buddy Sean (from the alternate bid for TWA assets days) are more professional than this loser. Besides, Sean now has a real job working for an African airline. Dunno what became of avek00 - he was banned from most aviation websites (including, IIRC, this one).

Are you referring to Jet Acquisitions Group's takeover proposal of TWA?

As shady as they were, JAG was not a bunch of airliners.net teenagers, but an investment group which was represented by Milbank, Tweed, Hadley & McCloy LLP.

 

[Veritas]

deleted

 

[FWAAA]

Arpey says that AMR has referred the mystery bid to the SEC:

"We’re not the first company that that particular individual has done that to, and let’s just say that individual has a very colorful history, and so the SEC is dealing with that person and not us,” Arpey said during a presentation at the Society of American Business Editors and Writers conference on Friday at SMU.

http://www.bizjournals.com/dallas/news/2011/04/08/amr-refers-mystery-bid-to-sec.html?ana=yfcpc

Are you referring to Jet Acquisitions Group's takeover proposal of TWA?

As shady as they were, JAG was not a bunch of airliners.net teenagers, but an investment group which was represented by Milbank, Tweed, Hadley & McCloy LLP.

One of the principles of JAG was in fact a frequent airliners.net poster (although he was an adult) and I recall posts by the youngsters whom I mentioned that alluded to their involvement with JAG as well.

 

[MCI transplant]

<_< ------ No FW, I had nothing to do with it!!

 

[FWAAA]

SEC files suit against Weintraub, convicted fraudster:

http://finance.yahoo.com/news/SEC-sues-Fla-man-over-offers-apf-373370938.html?x=0&.v=2