Latest Bk Filings Re: Por

[BoeingBoy]

The company has filed a number of exhibits to the POR. Here's some of the high points:

Exhibit A - Airbus Term Sheet
* Assumes US/Airbus A320 Purchase agreement
* Deliveries of the remaining 19 A320-series in 2009-2010
* Renegotiated purchase price (amount not specified)

* Assumes US/Airbus A330 Purchase agreement
* Deliveries of the remaining 10 A330's in 2009-2010
* In exchange for a $39 million payment upon emergence, can reschedule/cancel the A330 deliveries.
* Cancels any rights to additional aircraft contained in original purchase agreement
* "New" US cannot remove any A330's from service prior to 2 years before deliveries of A330's, A350's, or A320-series.

* 20 A350's will be delivered in 2011-2013
* Up to 10 A350 orders can be converted to A330's
* Purchase rights for an additional 10 A350's (delivery 2013-2015

* AWA A320 orders restructured (at a cost of $50 million in existing predelivery deposits)
* 11 firm orders to be delivered in 2009

* $213 million of $250 million loan can be used for other than aircraft payments
* $161 million of $250 million loan repayable beginning in 2008

* URL=http://www.donlinrecano.net/dr201/mwc/04-13819/dk003052-0000.pdf]Airbus Term Sheet[/URL]

Exhibit B - Aircraft Secured Claims
* Aircraft Secured Claims

Exhibit C - Assumed Other Collective Bargaining Agreements
* Between Allegheny & ALPA/IBT
* Between PSA & ALPA/AFA/IAM/IBT
* Between Piedmont & ALPA/AFA/IAM

* Assumed Employee Contracts

Exhibit E-1 thru E-5 - Corporate Bylaws
* Read them here

Exhibit L - 2005 Equity Incentive Plan
* 2005 Equity Incentive Plan

Exhibit N - Postpetition Aircraft Lease/Mortgage Agreements
* A/C Lease/Mortgage Agreements

Exhibit T - 2005 Employee Profit Sharing Plan
* For unionized, management below level of Officer, and administrative employees
* 2005 Profit Sharing Plan

Exhibit U-1 - Interline Agreements to be Rejected
* None

Exhibit U-2 - Employee Contracts to be Rejected
* Interesting List of current & former executives....
* Employee Contracts to be Rejected

Exhibit U-6 - Officers Receiving Modified Employment Contracts
* The contracts or modifications aren't spelled out - only a list
* Officers Receiving Modified Contracts

Exhibit X - ATSB Term Sheet
* ATSB Term Sheet.

Jim

 

[Walmartgreeter]

They still owe me over 2 months of Defined Contribution moneys not paid just prior to the 2nd BK. I hope they don't try and wriggle out of that at the last minute! Mark

 

[MrAeroMan]

I'm sure the ones that are receiving new/revised/modified or whatever the key word is will be compensated for what they gave up in the contracts that were rejected. You can bet the airline they won't be on the short end of anything.