Dave Siegel - Potomac Officers Club

[gowest]

Guess where Dave is this week. On a Colorado Ski trip hosted by Johnny O. I guess UsAirways really isnt in that bad of shape when the CEO can dart off and party.

 

[BoeingBoy]

Probably putting the finishing touches on the deal to sell PSA and/or E170's to Mesa.

Jim

 

[ClueByFour]

Probably putting the finishing touches on the deal to sell PSA and/or E170's to Mesa.

Jim

Exactly.

Of course, if you believe some of the tea-leave interpreters around here, Dave will then drive back to DEN and cut a deal with UA to buy a "western hub."

ACAA at 11.

 

[mweiss]

Is this to be sublimial messages of true socialism of controling the wealth and consolidation?

Um...I don't know where you got the idea that industry consolidation was a socialistic concept. In a capitalist system, as a market matures, consolidation naturally occurs. It's socialism when the consolidation is done on behalf of the "people" (whether that is in a democratic sense or a Stalinist sense depends on the situation). It's American-style capitalism when the consolidation is done on behalf of the shareholders. It's European-style capitalism when the consolidation is done on behalf of the shareholders and employees.

 

[PITbull]

mweiss,

I am just infering the sentiments of trader jake.

Read his thread.

 

[diogenes]

Um...I don't know where you got the idea that industry consolidation was a socialistic concept. In a capitalist system, as a market matures, consolidation naturally occurs. It's socialism when the consolidation is done on behalf of the "people" (whether that is in a democratic sense or a Stalinist sense depends on the situation). It's American-style capitalism when the consolidation is done on behalf of the shareholders. It's European-style capitalism when the consolidation is done on behalf of the shareholders and employees.

Actually, I view consolidation as more of a facist concept.

 

[USA320Pilot]

The corporate intent is to complete a corperate transaction and the stars are aligned for it to be with United, but that could always change.

I find it interesting that certain United posters regularly visit this topic on the US Airways and always post "uninformed" comments disputing the information, even if US Airways’ chairman and CEO publicly discuss it.

From this observer's perch, I do not want to merge with United because for some reason the United pilots believed they deserve super seniority with a pre-nuptial clause, but their current contract changed that to ALPA Merger Policy, now that there in bankruptcy and could be fragmented.

Each company has financial issues and with reports that United could miss its DIP financing in both February and March, this could become very interesting. Moreover, the bankruptcy court seems a little irritated with United and denied its request for a 4-month POR extension, granting only 1-month, but indicating it could be extended month-to-month.

David Bronner told the US AIrways ALPA MEC that provided US Airways had a competitive cost structure, he would then consider buying other airline assets for US Airways. There is much to do for this to occur, but that could happen in the not-so-distant future.

Regards,

USA320Pilot

 

[delldude]

USA320Pilot,

and so UA gets in the woods with dip financing and U gets concessions and U gets its lower casm....
U gets into a position to be the upper hand in the UCT...no outsource at UA...suddenly the airbus issue becomes a 'big issue' for U management....
i think i'm starting to see it all coming together now...give me another hit... :huh:

 

[etops1]

Guess where Dave is this week. On a Colorado Ski trip hosted by Johnny O. I guess UsAirways really isnt in that bad of shape when the CEO can dart off and party.

what dave seigel does in his personal life is none of anyones business. so what if he went skiing. its ok to judge on what he does inhouse but what he does with his personal life thats not cool.. remember thast he is a business man. he has to do what ever he needs to do to make a profit for the stake holders. we do not have to like it but thats the way it is. the guy did not come here to be anyones friend . frankly i don't want him to be my friend . just do what ever it is to make sure this company is here 60 years from now. this company is in the crap hole . and yes management has had alot to do with that . not only this management but alos our past management. but not only management the unions have had their hand in our mistakes as well. both sides are to blame for why we are the way we are now. so now both sides have to sit down and stop acting like children and and get this airline back on track!!! this is rediculous this bickering and name calling and all these rumors. you guys are supposed to be professionals!! he said this she said that. seigel lied or xidas is unreasonable. who cares . to the unions i say . " we pay union dues to be represented and to save my job. by the way the unions are acting it does not look like my job will be saved" to managment i say. you are our leaders not perry nor teddy . start acting like leaders and steer this airline into profitability. work together with the employees to build a strong and viable company. give us the tools to the the job right and let us do it. :angry:

 

[boeing787]

usa320 pilot...you my friend are out to lunch. Please stay there and don't come back.

 

[magsau]

[/QUOTE]Moreover, the bankruptcy court seems a little irritated with United and denied its request for a 4-month POR extension, granting only 1-month, but indicating it could be extended month-to-month.

USA 320,

I have some FACTS for you my dear and respected friend. It just so happes that I was present at the BK hearing last week when Judge Wedonoff granted the month to month extension possibility. Were you there?

If so you would have noted that the judge did not express any type of ANGER or irritation with UAL. He said that he was not comfortable granting 4 months at a time as he hoped a ruling from the ATSB would be made prior to that time frame. He would use the 1 month extension as neccessary to see the pace of the ATSB application process and the retirment issue report that is due in 30 days.


Your infer that you have inside knowledge into the judges thinking and other issues that you have no inside knowledge, other than a computer press report is pathetic. In a court of law you are not allowed to testify as to the thought process of someone else and perhaps you should have gotten some real time information prior to speaking about a court hearing that you did not even attend.

As you like to say things are changing and people are not going to like the process or the outcome. However, you might find yourself in that same boat as opposed to "this observers perch" that you like to banter about. I ask, Do you have a swivel on the bottom of that perch? With all the spinning you do I would think it would be neccessary.

 

[ktflyhome]

ZEUS:the chief god of the ancient Greeks. He was the ruler of gods and men and the god of the sky and weather, son of Cronus and Rhea, and husband of Hera. The Romans called him, Jupiter.

FYI: Pitbull

 

[whatkindoffreshhell]

Hey all you Pittsburghers US fans -- look around you at the steel industry. Is the white knight ISG buying distressed steel assets before or after they've entered Chapter 11?

Why would anyone buy USAir and assume all your bloated obligations and debt?

The smart money guys (and they ain't in Elk Grove Village) are just going to wait until US files BK again and just cherry-pick the value and trash the rest.

Not exactly a UCT.

Good luck!

 

[ACrazy8]

That was sweet.

 

[javaboy]

lots of comments about the antiquated employment contracts of the employees specifically mentioning the Pilot contracts.

Leo mullin DAL 13million
joe Lenoard Airtran 900,000
glen tilton UAL 712,000 (plus 1.5million in stock)(3.0mil sign bonus)(4.5mill pension benefits)
richard Anderson NWAC (3.0million)
Herb Kelleher SWA Chmn (320,000)
David Neelemen JBLU (200,000)