FrugalFlyer
Senior
- Aug 20, 2002
- 254
- 0
While I do not have a law degree or an MBA and English is not my first language, I don't understand why people refer to the AA/TW deal as a merger, which it was clearly NOT. I always thought a merger would be something like AA + TW forming a 'new' company where AA & TW shareholders would each get XX % of the new company.
TW filed chtp. 11 and AA picked up the pieces. Former TW employees seem to think that this was a trick by AA to acquire TW. Hardly . Besides the hilarious JAG offer, how many other offers were there for TW? I think CO was interested, but only in slots - I really doubt CO would take on many (any?) employees. Nobody wanted to touch TW due to uncle Carl's ticketing contract - but only AA had the lawyers smart enough to beat Carl at his own game. Heck, why didn't TWA's own legal dept. or law firm they had on retainer not figure a way out of uncle Carl's grasp? Somebody dropped the ball here.
Another arguement former TW people use is that they were forced to give up the scope language in their contract. Not true, the employees did not have to waive the clauses, but they did so because they were painfully aware that not waiving those clauses meant no job. Did the TW employees HONESTLY think that they could maintain 100% seniority at AA? If so, then they are dilusional.
I'd like to know what the expectations of TW people were? There was talk that TW would have survived as a separate entity. Maybe, but not after 9/11. Another form of rhetoric is that TW brought to AA valuable assetts - such as the prestigeous routes to the middle east which AA dropped like a hot potato.
TW mployees did a remarkable job keeping TW afloat, as did management with the limited $$$ resources. But that is the past. TW is gone. It is time to move on. Life is not always fair, but I think a job at AA is a lot better, more secure, and probably more enjoyable than TW or no job at all.
TW filed chtp. 11 and AA picked up the pieces. Former TW employees seem to think that this was a trick by AA to acquire TW. Hardly . Besides the hilarious JAG offer, how many other offers were there for TW? I think CO was interested, but only in slots - I really doubt CO would take on many (any?) employees. Nobody wanted to touch TW due to uncle Carl's ticketing contract - but only AA had the lawyers smart enough to beat Carl at his own game. Heck, why didn't TWA's own legal dept. or law firm they had on retainer not figure a way out of uncle Carl's grasp? Somebody dropped the ball here.
Another arguement former TW people use is that they were forced to give up the scope language in their contract. Not true, the employees did not have to waive the clauses, but they did so because they were painfully aware that not waiving those clauses meant no job. Did the TW employees HONESTLY think that they could maintain 100% seniority at AA? If so, then they are dilusional.
I'd like to know what the expectations of TW people were? There was talk that TW would have survived as a separate entity. Maybe, but not after 9/11. Another form of rhetoric is that TW brought to AA valuable assetts - such as the prestigeous routes to the middle east which AA dropped like a hot potato.
TW mployees did a remarkable job keeping TW afloat, as did management with the limited $$$ resources. But that is the past. TW is gone. It is time to move on. Life is not always fair, but I think a job at AA is a lot better, more secure, and probably more enjoyable than TW or no job at all.