American Airlines creditors want to talk merger

[ebwgs]

To anyone wondering why some USAirways employees have been trolling this message board, the sentence above sums it up perfectly. The USAirways easties view a merger with AA (or anyone) as some last hail Mary in saving them from a BINDING arbitration that they agreed to and then didn't fare so well in.

Sorry, but the Nicolau award stands as is. You agreed to binding arbitration and now that decision is sealed. The "rightly earned" DOH will never happen no matter who you merge with.

Excuse me, but there have been quite a few AA employees "trolling"--for whatever reason--the US boards too. I suspect you've been there yourself. Get real!

 

[CactUS4Ever]

Oh I forget , You guys are the ones who like to staple people to the bottom.(editedby mod)

Im an exTWA Employee and I look forward to the day the most Senior AA employees get stapled to US or Delta's seniority list. I will throw a party for my exTWA friends.

 

[etops1]

Im an exTWA Employee and I look forward to the day the most Senior AA employees get stapled to US or Delta's seniority list. I will throw a party for my exTWA friends.

Trust me ,Many of them are .I just flew from LGA-MIA last week on AA . 757 crew all ex TWA. Boy did they have some stories on how the non TWA AA employees treat them and how arrogant and clueless they are and think that thier beloved AA is just going through a little hiccup and that they would love it if we merge and staple them to the Bottom and Put the ex TWA peeps above them . But see, we are fair here at USAirways. We will give all AA Fa's their DOH. Because it's just the right thing to do .

 

[AANOTOK]

Children, please! :blink:

 

[etops1]

Children, please! :blink:

LOL! I know , we do get a little childish on here sometimes .But in the end ,It's all in good fun. No harm no foul

 

[usa1]

This situation bears watching. During the Chrysler bankruptcy, the Obama Administration showed its willingness to reorder the priority of creditors in a way that emphasized politics rather than the rule of law. Watch for the airline employee unions, whose pensions Congress undermined in 2007, to push Washington to squeeze AMR to give them special treatment in bankruptcy.

Instead, Congress should repeal the 2007 law and force airlines to properly fund their pensions going forward. In the case of AMR, the PBGC should back off and say that the law, however unwise, is the law.

http://www.forbes.com/sites/joshbarro/2012/01/19/pbgc-to-american-airlines-be-nice/

PBGC Director Josh Gotbaum had this to say:

"Before American takes such a drastic action as killing the pension plans of 130,000 employees and retirees, it needs to show there is no better alternative. Thus far, they have failed to provide even the most basic information to decide that."

http://www.pbgc.gov/news/press/releases/pr12-15.html

American Airlines Has Failed to Prove Reasons for Pension Termination

http://www.ai-cio.com/channel/RISK_MANAGEMENT/PBGC__American_Airlines_Has_Failed_to_Prove_Reasons_for_Pension_Termination.html

PBGC worthy opponent in AMR bankruptcy fight

http://www.pionline.com/article/20120206/PRINTSUB/302069984/pbgc-worthy-opponent-in-amr-bankruptcy-fight

PBGC Director Joshua Gotbaum is reminding members of Congress that the airline received several rounds of pension plan funding relief from 2006 to 2011, which allowed the company to make lower pension contributions.

http://www.businessinsurance.com/article/20120207/NEWS03/120209905?tags=%7C62%7C307%7C77%7C82

Can't fund the pensions .... NO MERGER ... Can't fund the pensions .... NO New Airplanes!

 

[Buck]

I believe you are wrong. Politicians no longer make law through the legislative process. Law is made at the judiciary.

The judge will make an interpretation of the law and we all will have to live with it.

To wish ill will on fellow employees for what the unions decided?

 

[FWAAA]

Can't fund the pensions .... NO MERGER ... Can't fund the pensions .... NO New Airplanes!

A decade ago, I posted that US should be liquidated if it terminated its pension plans. I posted the same thing about UA. But the law allows plans to be terminated, so now it's AA's turn. AA's plans will be terminated and its new planes will arrive, despite the childish wailing of Josh Gotbaum. It will emerge as a stand-alone airline and may or may not then combine with US and/or other airlines.

 

[TWU informer]

A decade ago, I posted that US should be liquidated if it terminated its pension plans. I posted the same thing about UA. But the law allows plans to be terminated, so now it's AA's turn. AA's plans will be terminated and its new planes will arrive, despite the childish wailing of Josh Gotbaum. It will emerge as a stand-alone airline and may or may not then combine with US and/or other airlines.

Yeah, the plan appears to be rape the employees out of $2 Billion and Raise another $1 Billion in revenue just so the same fools that got us in this spot can hold the AA Name and their positions in the future merger instead of becoming someone else's lapdog in the high stakes game.

Based on what I have seen, I am not much interested in investing $2 Billion of employee sweat and collateral just to help keep this failed leadership remain at the controls.
If there is going to be a merger at any point, I say do it now and get rid of the failing stooges. Giving up $2 Billion in employee concessions to protect this management team and giving them another shot doing the same thing they did to AirCal, Reno Air, and TWA is an extremely stupid and foolsih thing to do. Proof is in the results, and the results that are in SUCK really bad.

 

[xUT]

A decade ago, I posted that US should be liquidated if it terminated its pension plans. I posted the same thing about UA. But the law allows plans to be terminated, so now it's AA's turn. AA's plans will be terminated and its new planes will arrive, despite the childish wailing of Josh Gotbaum. It will emerge as a stand-alone airline and may or may not then combine with US and/or other airlines.

So did I. The 'survival' just made things worse for everyone.
Reduced wages, outsourcing, layoffs, etc...
If US and UA liquidated, more than likely, that would have been the end of the carnage (hindsight being 20/20) but that didn't happen.
Now it's AA's turn in the barrel and they are the last of the legacies to do so.
Question is, where does it stop?
Take Care,
B) xUT

 

[ebwgs]

A decade ago, I posted that US should be liquidated if it terminated its pension plans. I posted the same thing about UA. But the law allows plans to be terminated, so now it's AA's turn. AA's plans will be terminated and its new planes will arrive, despite the childish wailing of Josh Gotbaum. It will emerge as a stand-alone airline and may or may not then combine with US and/or other airlines.

Given your position 10 years ago, should not American be liquidated? Or is what was good for the goose not good for the gander?

 

[MCI transplant]

So did I. The 'survival' just made things worse for everyone.
Reduced wages, outsourcing, layoffs, etc...
If US and UA liquidated, more than likely, that would have been the end of the carnage (hindsight being 20/20) but that didn't happen.
Now it's AA's turn in the barrel and they are the last of the legacies to do so.
Question is, where does it stop?
Take Care,
B) xUT

<_< ------ I'm afraid the downward spiral of deregulation hasn't hit bottom yet!!! :huh:

 

[BoeingBoy]

Given your position 10 years ago, should not American be liquidated? Or is what was good for the goose not good for the gander?

US escaped liquidation twice and terminating DB pensions was part of the reason they escaped. So it seems that what was good for the goose (US) should be good for the gander (AA). Or are you saying that some of the geese (US/UA/DL/NW) had the right to get fat by dumping pensions but the lone goose that hasn't done that yet should starve to death so the vultures (now US/DL/UA) can feed on the carcass.

Jim

 

[Buck]

<_< ------ I'm afraid the downward spiral of deregulation hasn't hit bottom yet!!! :huh:

Downward spiral? For an industry that is deregulated, there are a lot of regulations.

Regulations or law is going to affect the company in many ways. Some of those are not going to be labor friendly.

 

[Super FLUF]

I suspect you've been there yourself.

I have never looked or posted on the USAirways board on this forum.

The pilot forums elsewhere are spammed with thread after thread of east vs. west civil war. Why would I want more of that "news" here?

Why are YOU here?