Mesa To Buy Us Airways
- Thread starter 700UW
- Start date
Laugh now ...this chit could happen, look at the possible ACA hostile takeover MESA is waging...and they have stock worth way more than U's...thanks to U !!
MESA and Ornstein are a force to be feared by all Mainline and WO workers !!!
...BTW....Chip didn't say this first !!
MESA and Ornstein are a force to be feared by all Mainline and WO workers !!!
...BTW....Chip didn't say this first !!
I know this started as joke / jab but if aircraft and routes keep going away from the WO's, a lot of good employees with many years of service will be out of work while we watch Mesa prosper. And somewhere in the shadows I think so will Dave. :down:700UW said:
- Thread Starter
- Thread starter
- Banned
- #9
Hey Chip, check this out!
UAL Corp. gets $2 bln in Chapter 11 exit financing
Tuesday December 16, 7:13 pm ET
http://biz.yahoo.com/rf/031216/financial_u..._funding_1.html
UAL Corp. gets $2 bln in Chapter 11 exit financing
Tuesday December 16, 7:13 pm ET
http://biz.yahoo.com/rf/031216/financial_u..._funding_1.html
robbedagain
Veteran
- Oct 13, 2003
- 11,125
- 2,676
Can a small regional airline with which has a few other airlines involved for express service actually buy an airline, let alone ours? also what type of implications would it have and what would the govt have to say?
ClueByFour
Veteran
- Aug 20, 2002
- 3,566
- 37
At today's market close, UA could buy U for twice the current share price, and still have $1.3 billion of that loan.700UW said:
USA320Pilot
Veteran
- May 18, 2003
- 8,175
- 1,539
I'm not throwing stones, but I bet the $2 billion in exit financing has a number of restrictions such as:
- Resolving the pension issue.
- Reaching an acceptable agreement with over 100 financiers on 174 EETCs.
- Resolving the antitrust investigation and finding a solution to the Dulles hub.
- Successfully defending the pending municipal bond litigation.
- Obtaining the loan guarantee.
If any of these are not resolved, then the financing will likely not occur. Furthermore, the lenders only have $400 million at risk with the lenders presumably requiring the ATSB to back the $1.6 billion.
What's going to be interesting is to see how the United employee - Tilton honeymoon will go when a requirement to get this financing backed by the ATSB requires the company to terminate its DB pension plans. Then what? More myopic management?
Hummm....something to think about.
By the way, I understand Siegel (not Chip Munn) told management today at the Crystal City meeting that he strongly believes that like the steel industry, the industry will go from 6 or 7 big competitors to 3 or 4 and the question is whether we want to be one of the 3 or 4.
Hummm....again.
Regards,
Chip
P.S. By the way, who has always said United would emerge from Chapter 11?
- Resolving the pension issue.
- Reaching an acceptable agreement with over 100 financiers on 174 EETCs.
- Resolving the antitrust investigation and finding a solution to the Dulles hub.
- Successfully defending the pending municipal bond litigation.
- Obtaining the loan guarantee.
If any of these are not resolved, then the financing will likely not occur. Furthermore, the lenders only have $400 million at risk with the lenders presumably requiring the ATSB to back the $1.6 billion.
What's going to be interesting is to see how the United employee - Tilton honeymoon will go when a requirement to get this financing backed by the ATSB requires the company to terminate its DB pension plans. Then what? More myopic management?
Hummm....something to think about.
By the way, I understand Siegel (not Chip Munn) told management today at the Crystal City meeting that he strongly believes that like the steel industry, the industry will go from 6 or 7 big competitors to 3 or 4 and the question is whether we want to be one of the 3 or 4.
Hummm....again.
Regards,
Chip
P.S. By the way, who has always said United would emerge from Chapter 11?
