Deal Completed By Next Week?
- Thread starter us0004us
- Start date
Alright, NH/BBs. You're gonna really make some flies mad if you keep it up. USA320Pilot
Veteran
- Joined
- May 18, 2003
- Messages
- 8,175
- Reaction score
- 1,539
NewHampshire Black Bears
You seem to think that AA has deeper pockets than the Star Alliance and US Airways’ multiple investors, which I do not believe is the case. If United liquidates, the assets will be sold through the court where the highest bidder will likely obtain the routes.
Regards,
USA320Pilot
You seem to think that AA has deeper pockets than the Star Alliance and US Airways’ multiple investors, which I do not believe is the case. If United liquidates, the assets will be sold through the court where the highest bidder will likely obtain the routes.
Regards,
USA320Pilot
ClueByFour
Veteran
- Joined
- Aug 20, 2002
- Messages
- 3,566
- Reaction score
- 37
Which members of the star alliance have 3 billion in cash on hand and don't have to worry about those pesky rules limiting foreign ownership in US airlines?
USA320Pilot
Veteran
- Joined
- May 18, 2003
- Messages
- 8,175
- Reaction score
- 1,539
It's not the money, it's the influence. I thought you might understand that, but then again...
As I said week's ago and you disagreed with me, US Airways has multiple potential investors interested in the deal and at this point, it's unclear who will win the bidding.
Regards,
USA320Pilot
As I said week's ago and you disagreed with me, US Airways has multiple potential investors interested in the deal and at this point, it's unclear who will win the bidding.
Regards,
USA320Pilot
USA320Pilot
Veteran
- Joined
- May 18, 2003
- Messages
- 8,175
- Reaction score
- 1,539
FWAAA:
FWAAA said: "So there's now a bidding war to see who will be the investor(s) in the new USAir? That is perhaps the funniest statement I have ever read on USAviation.com. Ever."
The Wall Street Journal said: "Merger negotiations between US Airways Group Inc. and America West Holdings Corp. picked up momentum last week, according to people familiar with the matter, with the carriers hoping to hammer out a deal ahead of America West's annual meeting May 17. Several potential investors in a merger are studying a proposed business plan that foresees the combined company operating under the US Airways brand and focusing attention on Midwestern markets while introducing flights to Hawaii," the newspaper wrote.
USA320Pilot asks: Is the Wall Street Journal funny too?
Regards,
USA320Pilot
FWAAA said: "So there's now a bidding war to see who will be the investor(s) in the new USAir? That is perhaps the funniest statement I have ever read on USAviation.com. Ever."
The Wall Street Journal said: "Merger negotiations between US Airways Group Inc. and America West Holdings Corp. picked up momentum last week, according to people familiar with the matter, with the carriers hoping to hammer out a deal ahead of America West's annual meeting May 17. Several potential investors in a merger are studying a proposed business plan that foresees the combined company operating under the US Airways brand and focusing attention on Midwestern markets while introducing flights to Hawaii," the newspaper wrote.
USA320Pilot asks: Is the Wall Street Journal funny too?
Regards,
USA320Pilot
USA320Pilot said:
Potential investors? Yea I am sure they are lining to get involved with a failed company, who made all the cuts they can in there operation. Screwed there employees to the end in pay, health and retirement. Yet is still losing millions daily. I am sure they are lining up. Funny though no one can be named. Are these potential investors large banks or old lady investment clubs?
Good luck on those high yielding Hawaii flights. Those will make you a fortune and they are hardly ever used by FFs to cash in miles. LOL
No, the WSJ is not nearly as funny as you. Chasing at the hope that some sucker is going to bail U out and put in billions of dollars to buy up assets of other companies. Then given the way it operates and the environment in which it is in, surrounded by LCC's. Allow it to continue to lose money. Not going to happen.
RowUnderDCA
Veteran
- Joined
- Oct 6, 2002
- Messages
- 2,123
- Reaction score
- 1
Isn't it better to have FFmiles soaked up in low yield markets rather than high yield ones?
FA Mikey said:
Four points of order here: Why should a shareholder/investor give a damn about you and your measly financial issues in life? They are in it to make money, not wetnurse a gang of whining featherbedders with their investment cash. You seem to forgot who is the ultimate boss of you - those who buy the stock. Without them, you would be working for another company, where you would either STFU and work or find another job.
Hawaii flights are like Carribean flights. They are a dumping ground for the FF miles that are accrued throughout the rest of the system. Without routes like that, people start spending their FF miles on the routes you are trying to sell at a premium on, and that will screw things up worse.
WSJ can be funny sometimes. Especially when they expose the truth about union corruption, including the whining of people within....like flight attendants, for example.
Watch what happens to United these next few weeks. Don't worry about them though, Denny's is always in need of new wait staff, and the rough trade is booming in L.A. to the point that there is always room for growth!
320, when is the announcement?
F/A Mikey,
As sad as it may seem there are in fact investors that would take a hard look at investing money into US Airways and America West. They don't look at it from the same perspective as you do. They're strictly taking the human factor out of it and reducing it down to numbers, dollars and cents or whatever you want to call it. If the numbers work in their favor then they'll invest. If they don't then they won't.
As sad as it may seem there are in fact investors that would take a hard look at investing money into US Airways and America West. They don't look at it from the same perspective as you do. They're strictly taking the human factor out of it and reducing it down to numbers, dollars and cents or whatever you want to call it. If the numbers work in their favor then they'll invest. If they don't then they won't.
ClueByFour
Veteran
- Joined
- Aug 20, 2002
- Messages
- 3,566
- Reaction score
- 37
USA320Pilot said:
Newsflash: money is influence. At least here in the normal universe.
Again, here in the normal universe, people are not taking assets away (GE) from profitable entities. Why would GE want to reduce it's risk to such a value-packed enterprise? And after the last "bidding" war on US (which resulted in Bronner's investment basically going "poof!"), I can just see the interested parties lined up around the block. When somebody who has no stake in US as an ongoing concern (eg, not a huge creditor or vendor) puts in at-risk money on terms that are neutral at best (as opposed to the loan-shark like ones that GE got, for instance), then you have an investor (singular).
I don't think we'll be seeing multiples.
aerosmith said:
Ummm... I am sure this is a delicate issue around this board, so I intend no offense to anyone... And I am not trying to railroad this thread into a "let's review history" topic... But...
My opinion is that there is enough blame in the EA disaster to go around for both management and the unions. If UAL employees were to strike next week (or month or whatever) it will be a similar situation. Did employees get either company to BK (or severe financial distress as was the case with EAL)? No - that's management. Does a fatal strike help matters or keep people employed? No.
EAL, in my opinion, would have been better off if everyone could have come to an agreement. Unforetunately, this did not happen, and many, many lives were shattered.
UAL could go in the same direction... I hope it does not.
eolesen
Veteran
- Joined
- Jul 23, 2003
- Messages
- 15,959
- Reaction score
- 9,374
USA320Pilot said:
All this UAL Pacific speculation overlooks a few technicalities... DOT would need to approve of any route authority transfers. There's a strong possibility that if there are enough interested parties, that they could simply reallocate the existing authority on a route by route basis.
The last major acquisition like this was in 1991 (DL - JFK & FRA from PA) was largely uncontested. LHR for TW and PA was strongly contested by CO and DL, but was approved only because both carriers were failing at the same time.
Because of Open Skies, I believe the only routes of any real value are to China and Japan. Everything else can be flown with minimal approval required.
Unlike LHR in 1991, you've got strong competitors already present in both markets, so there's less of an urgency to maintain UA's operation. I'd expect DOT to advance AA's and DL's authority before allowing someone else to leapfrog into China thru an asset purchase.
NewHampshire Black Bears
Veteran
- Joined
- Aug 20, 2002
- Messages
- 10,154
- Reaction score
- 681
USA320Pilot said:
+++++++++++++++++++++++++++++++++++++++++++++++++++
USA320Pilot,
(GOD I hate telling YOU this), But you make a reasonable point.
So now consider this.
The ONLY thing that AA needs to be the "TOTAL COMPLETE " package , is the asian routes.
Which means that NOBODY, and I mean NOBODY will outbid AA for them, EVEN if they had to pay a large inflated price for them.
You know it, and I know it.
Surely AA has $$$ friends with deep pockets too, or did YOU fail to consider that ??
I'M WAITING FOR YOUR REPLY !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
NH/BB's
AA won't mind in the least playing a close "2nd fiddle" to BIG RED, in Asia !!
aerosmith
Senior
Thanks Funguy2, I asked you answered.
