Mesa To Buy Us Airways

[700UW]

Just heard from someone at the meeting at CCY that Mesa will buy US Airways.

 

[ISP]

Right...

 

[700UW]

It is called SARCASM

 

[ISP]

didn't mean offense to you 700UW, I was being serious. Chip is the one who needs to take a look in the mirror!

 

[700UW]

None taken, you got the meaning of the thread.

 

[AOG-N-IT]

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 !! 😛 😀

 

[linemech]

Just heard from someone at the meeting at CCY that Mesa will buy US Airways.

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:

 

[ual06]

" Mesa To Buy Us Airways, ICT/UCT proven "



Please, no offense intended. In these volatile times it is very important to keep up with current events. It now appears, from a post on another thread, the appropriate term is now " DCT ".

Best of luck to all a U.

 

[700UW]

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

 

[AOG-N-IT]

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

Looks like Shaq O'Munn is still working on those free-throw percentages Huh ? 😛

 

[robbedagain]

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]

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

At today's market close, UA could buy U for twice the current share price, and still have $1.3 billion of that loan.

 

[USA320Pilot]

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?

 

[700UW]

Not you, you said Chapter 7, do I need to get 767jetz on here?

 

[737nCH11]

Blah, Blah, Blah......Chip, what will your dog and pony act consist of when UAL emerges from CH11????