American-US Airways merger proposal expected to come soon

[Phoenix]

When AA stakeholders would end up with 70%+ of the equity in the combined company, it is hardly an acquisition/purchase.

Are you talking about the new AA stockholders after bankruptcy or the old stockholders who get left holding the bag

 

[FWAAA]

Are you talking about the new AA stockholders after bankruptcy or the old stockholders who get left holding the bag

AAviator is talking about the AA stakeholders (not stockholders) which include the pilots, the FAs and the TWU members plus the AA unsecured creditors and other holders of allowed unsecured claims. The three employee groups will have over 21% of the new AMR stock.

If no merger, the unions and the unsecured creditors would split 100% of the new AMR stock. Parker recently said something about LCC stockholders getting roughly 50% of the stock in the combined company and Horton and some AA UCC members said that current LCC stockholders should get no more than 10% to 20% of the stock in the combined company. AAviator's point was that if current LCC stockholders end up with no more than 30% of the stock in the combined US-AA, it's hardly an acquisition/purchase of AA.

 

[Phoenix]

AAviator is talking about the AA stakeholders (not stockholders) which include the pilots, the FAs and the TWU members plus the AA unsecured creditors and other holders of allowed unsecured claims. The three employee groups will have over 21% of the new AMR stock.

If no merger, the unions and the unsecured creditors would split 100% of the new AMR stock. Parker recently said something about LCC stockholders getting roughly 50% of the stock in the combined company and Horton and some AA UCC members said that current LCC stockholders should get no more than 10% to 20% of the stock in the combined company. AAviator's point was that if current LCC stockholders end up with no more than 30% of the stock in the combined US-AA, it's hardly an acquisition/purchase of AA.

I understand the point AA was trying to make. AA is in bankruptcy and anything AA stakeholders/stockholders end up getting in value as they emerge from bankruptcy is greatly enhanced by the loss of all the old stockholders, creditors, etc. that are getting the shaft. Being defensive about an acquisition is sorta pointless.... However pointing out that Parker ain't buy shiite... I agree with that completely. Huge investors are doing the buying and you can bet that labor is going to be the collateral that is put on the block to back it, if it happens. Buying, merging, acquiring, whatever... Its all just big money soaking every unlucky shmo they can catch in the crossfire.

 

[Phoenix]

JFK/BOS vs. PHL/CLT

(think blue)

 

[Phoenix]

Reminder for East Pilots on Stock Options Expiring 1/31/13​

This is another reminder that most East pilots have stock options remaining from a grant awarded in 2008. These options will expire 1/31/2013

From DALLA NEWS:http://aviationblog....lphia-hub.html/

...On Aug. 31, American and US Airways announced they had signed non-disclosure agreements to exchange information about a possible merger.
The original NDA expired Oct. 31, but has been extended twice – once to Nov. 30 and again to, Friday Jan. 11, according to what we hear.

If participants in the NDA talks realized a surge in LCC stock price would naturally occur as a result of info released after the conclusion of the NDA, what's the chance the NDA would be extended just a couple of weeks beyond the expiration of the the Sock Options? Nah...

 

[traderjake]

the expiration of the the Sock Options? Nah...

I don't have options, all my socks are white.

 

[JayBrian]

Formal merger proposal offered

http://www.reuters.com/article/2012/12/07/us-usair-amr-idUSBRE8B617W20121207?feedType=RSS&feedName=innovationNews&rpc=43

 

[autofixer]

Standby for the PHX hub and CLT International to be dismanteled.

 

[robbedagain]

CLT i would say would do well with a merger

 

[Phoenix]

I don't have options, all my socks are white.

Since Luv was giving you crap about spelling, you'll have to take it easy on me. Damn the auto correct

 

[nycbusdriver]

I don't have options, all my socks are white.

FOM requires uniform socks to be black.

 

[EastUS1]

Formal merger proposal offered

http://www.reuters.c...tionNews&rpc=43

"Under the all-stock proposal US Airways made in mid-November.." Wonderful!...Yet another paperwork-fantasy, corporate-"cluster" transaction....just what everyone needs....

 

[nevergiveup]

FOM requires uniform socks to be black.

We're supposed to wear socks?

 

[nycbusdriver]

We're supposed to wear socks?

I think only former PSA pilots are grandfathered in to not wear socks.

 

[traderjake]

FOM requires uniform socks to be black.

Uniform & Appearance Standards

Socks or Hosiery. Wear plain black socks or stockings.

Shoot, now my fan club have the ammo to get me fired.