Has a deal been made?

[bigbusboy]

Here's a thought I'll throw out there for all of us armchair-know-it-all-analysts, and I include myself, what's the possibility of, instead of a merger with US, DP leaving US and going over to AA for its restructuring? In the last paragragh of the WSJ article, dated 11/29 and reporting AMR's filing, Gerard Arpey is quoted in his departing words to AA as saying concerning the restructuring, "...require not only a reevaluation of every aspect of our business,"....but a Chairman and CEO, "who will bring restructuring experience and a different perspective to the process." Both DP and Tom Horton know each other and have a history together at AA. For all intents and purposes, DP's job here at US is done. Yes I know, pilot and flight attendant contracts are still separate, but blame for that is three sided (company, Nic, and weak union leadership) and much of Nic and weak union leadership will be resolved in any representational vote. Even with separate east/west ops and yet realizing all synergies, we've been profitable. DP has made some huge mistakes with the HP/US merger and the DL thing was one of his dumbest ideas, but the man can learn from his mistakes and take that knowledge to AA. Just askin'

 

[signals]

Does anyone think that it's very strange that AA filed for BK on November 29 at the time they were still in negotiations with the pilots union and also while they had $4,000,000,000 in the bank?They didn't even spin off Eagle yet. Something major, even sinister is going on. When I look back at some of the history of the legacy carriers I think I know what's going on.
Before AA bought TWA they told them to file BK first in order to get rid of the Caribou stranglehold. TWA paid off a lot of debt so that when they did file BK they didn't have any money.
Remember when NW & DL held talks in early 2005 about merging? Then they both filed for BK on the same day at the courthouse within one hour of each other. They had already decided to merge after NW slashed their workers' salaries. No one at NW wanted to merge with DL. In fact NW employees took a 20% paycut when Wolf was CEO because he threatened that if they didn't take the pay cut that he'd sell the airline to DL. Well we know the history of US trying to buy DL in BK. DL had a backroom deal to merge with NW.

CO was always anti-merger and didn't want to merge with United but they did however decide to join Star Alliance. But isn't it funny that the CEO of CO was replaced by Smisek who actually was in favor an a merger and came to an agreement in one week to merge with UA?

I think that Parker went to the Board of AA and made them a deal. "file Bankruptcy and then we'll merge and I'll offer you all jobs at the new company". It was an easy decision for the BOD to come to after the AA pilots refused to even allow a vote on that contract. Remember that AA & US admitted that they were in merger talks in 2009 and were also in talks to bring US into Oneworld. If AA wants US in Oneworld that eliminates the thought that some people have that US brings nothing to the table because if they bring nothing to the table then you don't need or want them in your alliance.

I believe that the BK was in the works for a while and they do have a deal with US Airways to merge weather nobody at AA wants to accept it or not. The Board decides that they will accept US Airways' offer, they want Arpey to stick around until the actual merger which is when US will run the show. But Arpey doesn't like that so he quits on November 29 and gets a new job the same day?? I don't believe that it's about his being against filing BK so he quits. I think the whole deal coming down is what he doesn't like. He could have kept his high paying job with all the bonuses. Arpey had to have known exactly what deal was coming down because he found a job the same day without any bonuses or golden parachute. This is exactly what Doug Parker wants. Since
Arpey has always been against the merger he won't be offered a job at the new company. Arpey is replaced by Horton, a guy who has been involved in mergers in the past and who is an acquaintence of Parker. AA files for BK with $4,000,000,000 in cash on hand? That's exactly what I see happening. I believe a deal has been made between AA & US They will merge after AA exits.

I agree that the filing may have been calculated. I believe AA has witnessed the other BK and the other mergers of airlines, and how can you leave out the constant LUSer cries of merger wolf. Those that forget the past are doomed to repeat it, US!

The real conspiracy is that your stock is going up because of these rumors. And some anal-ists say US $#17 stock is a buy.

Hmmm...

Let me move on B)

 

[signals]

Unbelievable, really, the AMR hysteria around here. There are plenty of good articles discussing why AMR filed and it was for the writeoff of certain leases along with dumping pensions- not to be bought by a second- tier airline with a lot less cash on hand. AMR has 4 billion in the bank, they are in complete control of their destiny through the CH11 proceeding which is in stark contrast to USAir's second bankruptcy where USAir had nothing to live off- they were done. AMR is far from that point.

I'm guessing you haven't experience the lUSer merger hysteria

 

[signals]

Sorry airline employee:

While you and a lot of people at US would love and benefit from a merger with
AA. I wouldn't hold my breath. When are the US pundits ever going to get it
thru their head that US does not bring value to AA. Sorry it ain't happening.

Reasoning with US doesn't work. Just ask their pilots

Their stocks are up though

 

[signals]

See , but that's the problem . They don't care about the employees . It's money we are talking about here . Mergers are never good for the employees .

Mergers involve cuts and unfortunately it starts at the lowest common denominator. Either cut or outsource. Either way there is an employee cut or a wage cut.

I remember when corporations went and got rid of high paying management and most of us said whew! Now it's just-cut costs. Period.

 

[signals]

Whats in it for AA is irrellevant, It's is US aquiring AA, according to the many unofficial reports. So what AA gets out of it really is not a concern for US. Just Sayin

You do realize that their employees outnumber US 2:1? Besides merger wolf is being cried by the boy named US again

 

[signals]

They seem not to get that out of their AArogant little heads .

So it's the AArogants against the USholes! My money is on AA B)

 

[signals]

Don't be a Dick and make this into an east/ west thing ok .

Why not? Soon you'll have APFA against AFA. A truly dysfunctional crossbreed abortion of an airline

 

[signals]

Whatever financial guru that can figure out how to make a wad of cash in the deal. Sad but true.

As usual their stock is rising during merger season p

 

[signals]

700 , you know better than that . You know DP will get all the financing he needs . I always respect your post but this one just sounded like every other person saying " They can't even complete there own merger and they are trying to merge again . " if I had a penny for every time i heard that .. Well, you know the rest . Have a great holiday .

So all those times that the UShole yelled merger wolf, how many times was there a merger?

Stocks going up, though :huh:

 

[signals]

At last week's Crew News session Jim Courant asked Doug Parker if he would have a problem obtaining financing to aquire AMR. Doug said "no" and that lenders have already called him to offer financing. Doug indicated these lenders did so because they believed they would make a return on their investment.

And Jesus Parker never lies nor is he ever wrong???

 

[ChockJockey]

Who would lend US money to buy AA when six years later it even hasnt completed the US/HP merger?

Please explain specifically what it is that US management needs to do to merge the Pilot and FA groups that they aren't currently doing.

 

[signals]

Ask not what US brings to AA but what AA brings to US. One is in BK and the other is not. Everyone at US is still sore from their two trips through the courts so I sure hope ya'll buy some durable LUBE over at AA! ! ! !

Typical. Wish unto others what has happened to U! Be careful what U wish for. APFA out numbers AFA.

 

[700UW]

Please explain specifically what it is that US management needs to do to merge the Pilot and FA groups that they aren't currently doing.

A joint CBA.

 

[signals]

I think you have missed something! The merger has been completed..Final contracts missing between only two groups doesnt dictate a failed merger lol .and Doug addressed "last week in Charlotte" the financing for a potential merger with anyone ....If it makes "cents" financing is not a big deal! Lets make sure facts stay in play here

Fact: The judge has not made a decision. End