Management Presents "plan" To Afa

[ClueByFour]

It's my understanding that RSA and its chief executive is said to be willing to provide United with an equity investment in exchange for 51% voting control, which he could then use to merge the carriers.

It's only your understanding.

Bronner is a guy who is clearly not happy with the performance of his investment in US Airways, yet he's going to spend more (of other people's) money on another airline in Chapter 11, to merge it with a portion of his portfolio that's giving "sinking ship" a new name?

Dorothy and the Wizard at 11.

 

[TheLarkAscending]

Dorothy and the Wizard at 11.

Clue - that's priceless!

 

[767jetz]

It's my understanding that RSA and its chief executive is said to be willing to provide United with an equity investment in exchange for 51% voting control, which he could then use to merge the carriers.

Luckily for UA, the judge is expected to grant it's request for an extension. This would allow UA to extend it's exclusivity for submitting a POR beyond June 30th, which is when the exit is still planed to occur.

Let me repeat that... United will keep it's EXLUSIVE right to submit a POR until it exits. So it doesn't really matter what Bronner, or you for that matter, do or do not want. He will never get his chance to even make an offer to the court. And since UA has repeatedly stated that the current management has no interest in equity investors, it seems to me that Bronner is S.O.L.

Since you claim to want nothing to do with UA (Thank God), you can rest easy my friend.

 

[USA320Pilot]

I find it interesting that within minutes, within minutes, after I post a comment about US Airways' business partner, the United employees post a rebuttal. Why are the United employees seemingly always on the US Airways board, but the opposite is not true?

Well, with the Chicago-based company apparently now in an internal crisis mode, unable to provide a business plan and plan of reorganization (POR) to the court again, as well as reportedly going to miss its DIP targets for the next two months, it may not matter if the company has an exclusive right to file its POR.

In fact, the creditors committee is likely to have a say in anything going forward, which may not be pretty.

Respectfully,

USA320Pilot

 

[USA320Pilot]

Just one more thing...David Bronners decision to invest in United, if it happens, and to become its equity plan sponsor that may be part of Untied's POR and could be endorsed by management.

Respectfully,

USA320Pilot

 

[TheLarkAscending]

I find it interesting that within minutes, within minutes, after I post a comment about US Airways' business partner, the United employees post a rebuttal. Why are the United employees seemingly always on the US Airways board, but the opposite is not true?

Well, with the Chicago-based company apparently now in an internal crisis mode, unable to provide a business plan and plan of reorganization (POR) to the court again, as well as reportedly going to miss its DIP targets for the next two months, it may not matter if the company has an exclusive right to file its POR.

In fact, the creditors committee is likely to have a say in anything going forward, which may not be pretty.

Respectfully,

USA320Pilot

Posting rebuttals are an important factor in keeping a forum alive. Exchanging ideas, opinions, information, etc.

Any employee of any company would be remiss if they didn't offer to rebut what they believed or perceived to be incorrect information whether it is based in fact or fiction.

Why is this simple concept difficult to comprehend?

 

[N628AU]

USA320Pilot comments: The OMB federal loan guarantee regulations provide the ATSB with broad shaping power, and there is now reason to believe that could be happening here, similar in scope to the railroad industry and Conrail.

Oh lord, you did not just go there did you? If that is the case, you might as well just sell off UA and US assets right now and cut out all the money losing nonsense right now. Conrail has ceased to exist (split up between Norfolk Southern and CSX), and Amtrak would have been dead years ago if not propped up through taxpayer contributions to a black hole. If you beloved UCT ever comes, it would have to be more imaginative than that.

 

[usfliboi]

Yes, yes it does. Just whom do you blame? Your employee groups? The employees don't make the business decisions, the management team/BOD do. Blame the decision makers.



That is incorrect. Wall Street has more than just a few problems with USAirways management. The decisions, or rather the lack thereof, upon leaving bankruptcy with the lackluster performance in any positive direction has been the deciding factor(s) for the Wall Street community.



You've overused this particular catch phrase without the knowledge base that goes along with it.

USfliboi - I've spent the better part of my life in running a business and sharing my life with a Wall Street player. You are completely unaware of anything remotely related to Wall Street or Business 101.

Best of Luck
Lark

If you run a buisness oppisite of the way i was referring too, sounds like you will be following US! Buisness 101 that catch phrase you referred to is buisness at its core. No one is saying your employees morale doesnt play a huge role , it does. In our case its more than a huge role however, the base isnt there . You cant expect a management who tied itself up in the past with baggage concerning its unions. Whats amazing here is a couple of people cant seperate the fact that you can have wonderful employees who are so willing to support yet have corperate unions who see it a different way . I DO NOT WISH TO DEBATE ON MOST ISSUES, BUT HAVE SIT BACK FOR A LONG TIME UNTILL RECENTLY . i M SICK OF SEEING FURTHER DAMAGE DONE BY A COUPLE OF POSTERS ON HERE We have great employees and the majority if with a choice would choose not to pay their unions dues today simply because their leaders are out of touch with todays reality.

 

[UseYourHead]

No deleted you don't share that view, either does Dave!

Debate added with deception, the normal mode of operations for this management team.

You are not my oracle and Dave sure in the hell isn't either. I along most people with any kind of self worth realize they have given this management team more than enough to make a go of it.

Coming around for round three when what we already gave in jobs, benefits and wages, at the same time management handed out bonuses to all of these so called geniuses only to see it ALL pissed down the drain! And then you come on here trying to justify more blood. YOU'RE INSANE is the best way I can describe your kind, either that or you are MANAGEMENT'S mouth piece. You and your cronies can kiss my behind before I give another red cent!

You are in need of serious counseling, I would get started now if I were you. You may have interviews to attend and if you do not deal with your rage…well, anyone will see right through it.

Dealing with a business predicament requires a non-emotional view, clearly in your current state that is not possible. There are tough decisions ahead, get your act together so that you are able to evaluate the situation.

Did I say we must give concessions? I simply stated that they do, would, and will make a BIG difference in our destiny, as evidenced by successfully restructured airlines. You on the other claimed they do not, a belief that is a farce.

I say again, do you want to go the way of Eastern, or Continental, Northwest, and America West.

Sticking your head in the sand in a state of rage, chanting “No more concessionsâ€￾ will not change the situation, except to help your job disappear so you can pound your chest and say “we showed themâ€￾.

As for others and myself who are not afraid to make tough decisions being cowards, gutless and so on? That to a farce, the tough thing to do here is think clearly, free of emotion, rage, and stop the finger pointing.

It is a no-brainer….

 

[usfliboi]

No deleted you don't share that view, either does Dave!

Debate added with deception, the normal mode of operations for this management team.

You are not my oracle and Dave sure in the hell isn't either. I along most people with any kind of self worth realize they have given this management team more than enough to make a go of it.

Coming around for round three when what we already gave in jobs, benefits and wages, at the same time management handed out bonuses to all of these so called geniuses only to see it ALL pissed down the drain! And then you come on here trying to justify more blood. YOU'RE INSANE is the best way I can describe your kind, either that or you are MANAGEMENT'S mouth piece. You and your cronies can kiss my behind before I give another red cent!

You are in need of serious counseling, I would get started now if I were you. You may have interviews to attend and if you do not deal with your rage…well, anyone will see right through it.

Dealing with a business predicament requires a non-emotional view, clearly in your current state that is not possible. There are tough decisions ahead, get your act together so that you are able to evaluate the situation.

Did I say we must give concessions? I simply stated that they do, would, and will make a BIG difference in our destiny, as evidenced by successfully restructured airlines. You on the other claimed they do not, a belief that is a farce.

I say again, do you want to go the way of Eastern, or Continental, Northwest, and America West.

Sticking your head in the sand in a state of rage, chanting “No more concessionsâ€￾ will not change the situation, except to help your job disappear so you can pound your chest and say “we showed themâ€￾.

As for others and myself who are not afraid to make tough decisions being cowards, gutless and so on? That to a farce, the tough thing to do here is think clearly, free of emotion, rage, and stop the finger pointing.

It is a no-brainer….

I agree...... Its a matter of stepping up to the plate and doing what ya gotta do? Would some people like to hear Dave say everything is fin. We cant do anything else so well just pretend as if we have no probs? Any ceo dave or another would do the same thing i believe. Its so so sad that some people cant see the light of day simply because blinders are on . Whats interesting here is we have a group of people who can do nothing more than what you said. Sing full pay till the last day as that ship slowly sinks. Oh im not saying give management carte blanch however theres a meeting place both can go to without the name calling hog wash that is spewed . Union leaders are doing no favors by barking the way some are doing. In the end the outcome will be the same. We have to meet whether u like it or not and make this company work.

 

[OldGuyinPA]

I think you should feel lucky to belong to a Union...

Just think where you would be without one.....

Gone....

 

[BoeingBoy]

“The dramatic expansion of low fare competitive service in many of USAir’s markets in the eastern US...."

“USAir, whose operating costs are among the highest in the domestic airline industry, believes that it must reduce those costs significantly if it is to survive in this low fare competitive environment. The largest single component of USAir’s operating costs, approximately 40 percent, relates to personnel costs."

Sounds familiar, doesn't it. The question is who said it. Dave Siegel? David Bronner? Jerry Glass? Ben Baldanza?

The answer is none of the above. These quotes come from the 1993 annual report. A decade later and what has changed?

And finally this, from Unisys R2A Transportation Management Consultants.

"In the recently completed reorganization process it [US Airways] had its last, best chance— certainly not its first chance—to reduce its costs and change its business plan to meet today’s realities. In our view, at least, it made only a half-hearted effort to reduce its costs and none at all to re-think its strategy."

If you would like to read the Unisys outlook for the US-WN battle in PHL, take a look at their "Scorecard 14" article called 'Baltimore, a second time' from which the above quotes are taken.


Scorecard 14

This is an Adobe Acrobat document (.pdf).

Jim

 

[700UW]

useyourhead and usfliboi, how did Dave serve you this?

We gave concessions to Dave twice, he lied, cheated and stole and you trust him?

Wow, amazing.

 

[AOG-N-IT]

useyourhead and usfliboi, how did Dave serve you this?

We gave concessions to Dave twice, he lied, cheated and stole and you trust him?

Wow, amazing.

I'm sure it was served from one of two ways. Either from behind the back 😉 ..or like the company itself , "On the Rocks" :blink:

 

[usfliboi]

useyourhead and usfliboi, how did Dave serve you this?

We gave concessions to Dave twice, he lied, cheated and stole and you trust him?

Wow, amazing.

Whats amazing your preaching about facts and you use words like lie cheat steal!!!! Thats amazing!