blue collar
Veteran
- Mar 17, 2008
- 1,241
- 901
Ok, then use August 2005. Who was making more?
M & R Vote For A UNION.
- Thread starter Mr Eagle
- Start date
Desert Snake
Member
- Mar 25, 2009
- 61
- 29
I'm looking forward to getting the stock clerks off our coat tails when we dump the IAM. 
Real tired
Veteran
700 I know how you like the facts so here they are out of the January 31 2005 IAM contract. I said: Post #44 AWA (IBT) pre-merger (this would have been in 2005) with US. We made more per hour than USAir did pre-merger /Vacation did not change / we had unlimited sick time at full Pay per day not half pay as we do today/we lost 2 holidays at the merger/ we had a 401k plan and were in Negotiations at the time of the merger. Per the IAM January 31 2005 contract: Base pay $22.77 see page 79. Lead pay $1.00 see page 78. Lic. Pay $1.00 each A/P max $2.00 see page 59. You had NO shift pay see page 237. 4 weeks vacation after 17 yrs. See page 53. And 5 holidays see page 14. Now You Said: HP AMT's NEVER made more in pay than US, why do you keep lying again?IBT 1998 / 2003 contract. Base pay $23.35 see 20-2. Lead pay $1.00 per hour see 20-1. Lic pay $1.00 each A/P max of $2.00 see 20-1. Shift pays .32 cents Swing shift and .35 cents Graves. 4 weeks vacation after 12 yrs. See 14-1. And 7 Holidays with 2 floating total of 9. To top all this off the Contract was Amendable at the time of the merger in 2005.So as you can see AWA (IBT AMT TOP OUT $25.70) made more than US (IAM AMT TOP OUT$24.77) up to 2005 even with the contract ending in 2003. Now we all are under the April 3 2008 IAM Contract. And as you said: IAM crappiest bankruptcy CBA that we used for a Transition Agreement. Did I get the facts right or do we need to go and revote this? Me lying! Boy that’s the pot calling the kettle black. The January 31 2005 contract was so bad the IAM would not post it on line. LOL I found my book........................
I agree with you. I remember reading your contract, and so do others. The differences is what made the last IBT card drive "almost" so successful" here.
And I am also looking at my 2005 contract book, "made and entered into this 31st day of January 2005"..........
TRAVIS
Veteran
Mine also.And on page 251 Allen Hemingway for US Airways, Inc. and William Freiberger for IAMAW. I did not find a contract book for February of 2005? And now 700 as far as it goes on UAL and CO I do not work for them so i have no dog in that fight. What i can say is if they think the union is not doing its job get rid of them, Just like SWA AMT's did with the IAM and then the IBT for the raising of the dues. And Here we are still stuck with a 7 year old IAM TA BK contract with lolly wages for a AMT. B)
blue collar
Veteran
- Mar 17, 2008
- 1,241
- 901
I suppose with all of his dodging, he's not capable of admitting being wrong. As far as IAM or IBT, it's kind of up in the air. Guess I would choose the IAM just so you can have some sort of voice. Personally, I am now AMFA and would choose them over the others any day.
TRAVIS
Veteran
Has it got out what Parker and the boys offered the TWU at the back door deals? I wish he would use that team to negotiate with his own unions to get a contract in only 2 weeks wow! 700 is looking for a re-vote because we are confused and don't under stand black and white facts. N2 RED LINE! :blink:
TRAVIS
Veteran
Fun reading. http://www.businessi...s-merger-2013-2
- Banned
- #85
TRAVIS
Veteran
Here we go again...
http://airchive.com/...heaven-or-hell/
America West began operations in 1983 as a low cost carrier, and they grew rapidly. America West even applied to begin flights to Sydney and Japan, but the government denied their request. Yet, the rapid growth led to large operational losses, and, from 1991 to 1994, America West operated under Chapter 11 Bankruptcy. America West was able to escape bankruptcy by allowing a large portion of the airline to be owned by Mesa Airlines and Continental Airlines, and, in 1995, Doug Parker joined America West. He became the CEO of America West in September 2001. On August 11th, 2002, US Airways filed for Chapter 11 Bankruptcy Reorganization, and they filed for bankruptcy once again on September 14th, 2004. Yet on May 19th, 2005, US Airways was able to exit Chapter 11 through a merger with America West. The reverse takeover structure of the America West/US Airways merger was different than past mergers. Simply, America West purchased US Airways, but the US Airways brand remained dominant while Doug Parker became the CEO of the combined airline. However like the American/TWA merger, the transition was very rocky, and the full integration has yet to be completed. For example, US Airways has two pilot contracts, one for pilots employed by US Airways prior to the merger and one for America West Pilots.
I guess the PAY DAY lesson is over.
So are you going to try a Finance lesson?
Are you sure with your math skills your up for it? :blink: Have a nice day.
http://airchive.com/...heaven-or-hell/
America West began operations in 1983 as a low cost carrier, and they grew rapidly. America West even applied to begin flights to Sydney and Japan, but the government denied their request. Yet, the rapid growth led to large operational losses, and, from 1991 to 1994, America West operated under Chapter 11 Bankruptcy. America West was able to escape bankruptcy by allowing a large portion of the airline to be owned by Mesa Airlines and Continental Airlines, and, in 1995, Doug Parker joined America West. He became the CEO of America West in September 2001. On August 11th, 2002, US Airways filed for Chapter 11 Bankruptcy Reorganization, and they filed for bankruptcy once again on September 14th, 2004. Yet on May 19th, 2005, US Airways was able to exit Chapter 11 through a merger with America West. The reverse takeover structure of the America West/US Airways merger was different than past mergers. Simply, America West purchased US Airways, but the US Airways brand remained dominant while Doug Parker became the CEO of the combined airline. However like the American/TWA merger, the transition was very rocky, and the full integration has yet to be completed. For example, US Airways has two pilot contracts, one for pilots employed by US Airways prior to the merger and one for America West Pilots.
I guess the PAY DAY lesson is over.
So are you going to try a Finance lesson?
Are you sure with your math skills your up for it? :blink: Have a nice day.
TRAVIS
Veteran
http://www.prnewswir...e-54472997.html
OK 700 here are the numbers.
US Airways had 4 Investors = 4 seats on the board
AWA had 6 Investors = 6 seats on the board
NEW ace/par/pen 3 Investors = 3 seats on the board
US Airways was unable to raise the money or Investors by its self...(if so why the need for AWA) AWA did not have the money but with the new investors they did...(The reverse takeover structure)
With out a change at US Airways. (no AWA or CEO) the 3 new Investors would have walked away. Luth or Lakefield may have got the 3 new investors but it was AWA and Parker they stayed for.
Also US Airways was Doomed without AWA and would have closed the doors real soon.
Who know's if AWA would have went in BK if you know sell your glass ball to Parker.
Subject to approval by the U.S. Bankruptcy Court overseeing US Airways'pending Chapter 11 case and transaction closing, which is anticipated to occur this fall, the merged airlines will operate under the US Airways brand under the leadership of CEO Doug Parker. The merged airline's 13-member board will be comprised of one member from each of three new equity investment companies,six members from the current America West board, including Parker as chairman,and four members from the current US Airways board, including Lakefield as vice-chairman. The combined airline's headquarters will be consolidated into America West's headquarters in Tempe, Ariz. For regulatory purposes, both airlines will operate under separate operating certificates for a transition period of two to three years, keeping flight crew, maintenance and safety procedures for each airline separate. To ensure that the substantial consumer benefits are realized quickly, however, the airlines will work together to coordinate schedules, frequent flyer programs and other marketing programs as soon as practical. Lakefield continued: "We believe that the airline created from the merger of US Airways and America West will bring more choices for customers, as we expand the low-fare pricing structure of America West to dozens of new cities,while also offering passenger-service amenities, such as an attractive frequent flyer program, assigned seating and a First Class cabin."
OK 700 here are the numbers.
US Airways had 4 Investors = 4 seats on the board
AWA had 6 Investors = 6 seats on the board
NEW ace/par/pen 3 Investors = 3 seats on the board
US Airways was unable to raise the money or Investors by its self...(if so why the need for AWA) AWA did not have the money but with the new investors they did...(The reverse takeover structure)
With out a change at US Airways. (no AWA or CEO) the 3 new Investors would have walked away. Luth or Lakefield may have got the 3 new investors but it was AWA and Parker they stayed for.
Also US Airways was Doomed without AWA and would have closed the doors real soon.
Who know's if AWA would have went in BK if you know sell your glass ball to Parker.
Subject to approval by the U.S. Bankruptcy Court overseeing US Airways'pending Chapter 11 case and transaction closing, which is anticipated to occur this fall, the merged airlines will operate under the US Airways brand under the leadership of CEO Doug Parker. The merged airline's 13-member board will be comprised of one member from each of three new equity investment companies,six members from the current America West board, including Parker as chairman,and four members from the current US Airways board, including Lakefield as vice-chairman. The combined airline's headquarters will be consolidated into America West's headquarters in Tempe, Ariz. For regulatory purposes, both airlines will operate under separate operating certificates for a transition period of two to three years, keeping flight crew, maintenance and safety procedures for each airline separate. To ensure that the substantial consumer benefits are realized quickly, however, the airlines will work together to coordinate schedules, frequent flyer programs and other marketing programs as soon as practical. Lakefield continued: "We believe that the airline created from the merger of US Airways and America West will bring more choices for customers, as we expand the low-fare pricing structure of America West to dozens of new cities,while also offering passenger-service amenities, such as an attractive frequent flyer program, assigned seating and a First Class cabin."
TRAVIS
Veteran
http://en.wikipedia..../Reverse_merger
Finance lesson 101 per wikipedia
Examples
In all of these cases - except for US Airways and America West Airlines - shareholders of the acquiree controlled the resulting entity. With US Airways and America West Airlines, US Airways creditors (not shareholders) were left with control.
Finance lesson 101 per wikipedia
Examples
In all of these cases - except for US Airways and America West Airlines - shareholders of the acquiree controlled the resulting entity. With US Airways and America West Airlines, US Airways creditors (not shareholders) were left with control.
- US Airways was acquired by America West Airlines, with the goal of removing the former from Chapter 11 bankruptcy.
