Non-Rev Boarding

[700UW]

Thanks, figured you dont get it and your post proves that, thanks for playing.
 
Three CBAs at US contain DOH for flying, they are being grieved, plain and simple, the union is standing up for its members and its CBA.

Something I dont expect you to understand as a pilot, as your group cant be friends with each other nor work under on CBA.

 

[snapthis]

Thanks, figured you dont get it and your post proves that, thanks for playing.
 
Three CBAs at US contain DOH for flying, they are being grieved, plain and simple, the union is standing up for its members and its CBA.

Something I dont expect you to understand as a pilot, as your group cant be friends with each other nor work under on CBA.

Yea, and you still think Lakefield put together the funding to acquire HP, hire DP and move the US Airways HQ to Tempe.

I find you mildly amusing.

 

[700UW]

Are you that obtuse?
 
Seabury and Associated hired by US put the funding together, care to show us they didnt?
 
Its in the court records and POR, which I was there, were you?
 
Prove me wrong:
 

 

 



 

http://www.post-gazette.com/pg/05142/508153.stm

How US Airways/America West merger got off the ground
Talks between airlines began in 2003, but didn't get serious until this year
Sunday, May 22, 2005

By Dan Fitzpatrick, Pittsburgh Post-Gazette

The on-and-off, 18-month courtship between US Airways and America West Airlines finally clicked into place May 12 in Washington, D.C., high above the floor of the MCI Center, where executives from both airlines had gathered in US Airways' skybox to watch a Washington Wizards playoff game.

Just minutes before tip-off, with the din of exploding fireworks filling the arena, US Airways adviser John Luth received an e-mail on his BlackBerry from Air Canada Chief Executive Officer Robert Milton. It confirmed that Air Canada's board had approved an investment in the combined airline -- the final piece of a $1.5 billion financing package needed to make the deal work.

Luth waved his BlackBerry, smiled and gave everyone the news. He congratulated Doug Parker and Bruce Lakefield, the chief executive officers of America West and US Airways, and broad smiles broke out throughout the box.

The merger was on.

Announced a week later at the Tempe, Ariz., headquarters of America West, the agreement between the nation's seventh-and eight-largest airlines paired a twice-bankrupt, East Coast legacy carrier with a younger, smaller, low-cost airline that does much of its flying on the West Coast.

If they can win a slew of antitrust, shareholder and bankruptcy court approvals, US Airways and America West together would surpass discount king Southwest Airlines in size, becoming the No. 6 carrier in the nation. Together, they also could usher in an era of consolidation in the troubled airline industry, which has lost more than $30 billion since 2001.

But there were several twists along the way, according to people familiar with the events. America West was not the only carrier to express interest in US Airways, nor was America West the only partner US Airways pursued.

The search for a deal began in the fall of 2003, when David Siegel was still US Airways' chief executive officer. Siegel had led US Airways through its first bankruptcy and wrested more than $1 billion in concessions from the company's labor unions. But even as the carrier completed a painful round of cost cuts and emerged from bankruptcy, Siegel knew US Airways was still too small and too inefficient to compete against discounters such as Southwest, which had already announced plans to start service in Philadelphia, a US Airways' hub.

Siegel was convinced that for US Airways to avoid the fate of failed carriers such as Eastern Airlines and Pan Am, both of which liquidated in the 1980s, he would have to bring US Airways' costs down further and position the airline for consolidation with another carrier. He explored several options.

Acquire United Airlines, the nation's No. 2 carrier. That option was code-named "Project Minnow," with US Airways as the small fish gobbling the bigger one.

Combine with British entrepreneur Richard Branson's Virgin Atlantic, which was interested in US Airways' Washington-Boston-New York shuttle, along with slots and gates in the Northeast.

Split the airline in two and merge the Philadelphia and Charlotte, N.C., hub-and-spoke network with one carrier and its slots and gates in Washington, Boston and New York with another.

But US Airways ultimately rejected those options. United did not have any interest in a deal and was too distracted by its own struggles in bankruptcy. Virgin Atlantic wanted lots of US Airways assets -- gates, planes, airport equipment -- to help launch a new U.S. airline, but all it would offer in retrun was the Virgin brand name. US Airways also turned down several inquiries from other carriers -- including Southwest, JetBlue Airways and AirTran Airways -- about acquiring the company's assets but not its employees.

In the end, only America West wanted both.

Siegel made the initial connection. He knew Parker and Executive Vice President Scott Kirby at America West. Their first face-to-face meeting was in October 2003, over dinner in a Washington, D.C., restaurant. They were joined by then-US Airways Chief Financial Officer Neal Cohen.

But the talks ended several months later. At the request of US Airways' board, Siegel departed from the company in April 2004. According to Parker, the first round of discussions failed because US Airways' costs were still too high. Siegel had started a campaign to lower union costs further, but labor leaders refused to deal with him, contributing to his ouster.

Retired Lehman Bros. executive Bruce Lakefield, a friend of US Airways chairman David Bronner, replaced Siegel and sought to save US Airways. He asked unions to help with another round of concessions. When that failed, Lakefield took the company into bankruptcy again and squeezed another $1 billion in concessions from the unions, using the power of the U.S. Bankruptcy Court to hammer home new contracts modeled after America West's labor agreements.

In January, with fuel prices at a record high and doubts aired about US Airways' survival after its Christmas baggage meltdown in Philadelphia, Lakefield picked up the phone and called Parker, suggesting that "maybe we should begin those talks again," according to Parker.

But America West did not have enough cash to lift US Airways out of bankruptcy. It was up to Luth, the US Airways adviser, to find enough investment money to piece the deal together and give the combined company a fighting chance to thrive in the battered airline industry.

Luth and US Airways had serious discussions with more than a dozen investors. They all requested shared participation in a merged airline -- no one wanted to take on all the risk. The Retirement Systems of Alabama, which rescued US Airways from its first bankruptcy in 2003 with a $240 million investment, stands to lose it all if US Airways emerges from bankruptcy and issues new stock.

Luth went after the companies that had something to gain from an investment in US Airways and America West. Aircraft maker Airbus agreed to provide $250 million in exchange for US Airways' pledge to buy dozens of A320 jets in the future. Regional commuter carrier Air Wisconsin Airlines made a $125 million investment in exchange for a jet services partnership. The Appleton, Wis.-based airline will fly for the merged carrier on a contract basis.

Credit card companies may provide $300 million in order to reach new customers. And once-bankrupt Air Canada offered $75 million, good for a 7 percent stake in the new company, in exchange for an agreement to maintain the new carrier's fleet of 361 jets.

Air Canada was the last in line.

Once its approval came last Thursday, employees at both airlines scrambled to obtain approval from their boards of directors. US Airways' directors signed off Wednesday, over the telephone. America West's board approved it Thursday, in Tempe.

Labor leaders were briefed, and a press release was sent out. Parker and Lakefield spent much of Thursday night explaining the deal to reporters before Lakefield took a red-eye flight back to Washington. Parker, who has been tapped to lead the merged airline, met with employees and went home. Before going to bed, he explained the deal in one final live shot with local TV, from his house.


 

 
 

 

[snapthis]

OK 700, I'm surprised you did not quote that tool in Charlotte, Ted Reed. I'm still curious why Airways needed Parker and Kirby and real estate in Tempe?

Here's something more relevant which would apply to today, merger.

"Company acquisitions happen every day. We usually only hear about the big ones like American Airlines buying US Airways, Fiat buying Chrysler and Kraft buying Cadbury, but lesser-known companies are bought and sold all the time."

http://www.fwbusiness.com/opinions/columnist/businessweekly/article_4ecf4a31-2c20-52eb-a03e-4d38aa766588.html

How about them apples?

 

[700UW]

Glad to see you dont have the brain power to stick to the issue at hand.
 
When are you going to answer?
 
Once again:
 
You have a CBA saying that flying the A320 family for US is your work correct?
 
Well lets say the bring in a bunch of pilots from China and give them 10 A321s to fly for US.
 
Is that ok?

 

[snapthis]

700, once again, I see your game, your agenda and your 27000 posts of I have nothing better to do than argue for for argument's sake.

Would you consider Bloomberg a respected financial publication? Look up the term reverse acquisition.


Company Overview of US Airways Group Inc., Prior To Acquisition With America West Holdings Corp.

As of September 27, 2005, US Airways Group, Inc. was acquired by America West Holdings Corp. in a reverse merger transaction. US Airways Group, Inc., through its subsidiaries, operates a network air carrier. Its subsidiary, US Airways, Inc. (US Airways) engages in the transportation of passengers, property, and mail. As of December 31, 2004, its subsidiary operated 281 jet aircraft and 22 regional jet aircraft; and provided scheduled service at 89 airports in the continental United States, Canada, Mexico, France, Germany, Italy, Spain, Ireland, the Netherlands, the United Kingdom, and the Caribbean. The company is headquartered in Arlington, Virginia.
2345 Crystal Drive
Arlington, VA 22227
United States
29,500 Employees
Phone:
703-872-7000
Fax:
703-872-7309

http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=310955
 
While you are looking up reverse mergers, brush up on FCFS when you travel on a buddy pass.
 
Do you have a buddy to annoy?

 

[700UW]

What you posted doesnt prove how the money was raised, now does it?
 
I have and this is about non-revenue travel, not who bought whom, you dont understand the concept of a CBA and enforcing it.
 
For the third time:
 
You have a CBA saying that flying the A320 family for US is your work correct?
 
Well lets say the bring in a bunch of pilots from China and give them 10 A321s to fly for US.
 
Is that ok?

 

[snapthis]

What you posted doesnt prove how the money was raised, now does it?
 
I have and this is about non-revenue travel, not who bought whom, you dont understand the concept of a CBA and enforcing it.
 
For the third time:
 
You have a CBA saying that flying the A320 family for US is your work correct?
 
Well lets say the bring in a bunch of pilots from China and give them 10 A321s to fly for US.
 
Is that ok?

Do pilots from China have a lower boarding priority than pilots from Norway?

 

[nycbusdriver]

OK 700, I'm surprised you did not quote that tool in Charlotte, Ted Reed. I'm still curious why Airways needed Parker and Kirby and real estate in Tempe?

Here's something more relevant which would apply to today, merger.

"Company acquisitions happen every day. We usually only hear about the big ones like American Airlines buying US Airways, Fiat buying Chrysler and Kraft buying Cadbury, but lesser-known companies are bought and sold all the time."

http://www.fwbusiness.com/opinions/columnist/businessweekly/article_4ecf4a31-2c20-52eb-a03e-4d38aa766588.html

How about them apples?

 
For the umpteenth time:  Lakefield made it loud and clear to everyone who would listen that he had no desire to manage an airline, and he was doing it only because there was no one else to do so at the time.  He had zero airline experience.  Choosing Parker (who probably would have killed his own mother to get the job running a much bigger airline) and Kirby made perfect sense to the money mongers.
 
As far as the real estate, US rented their HQ space in Crystal City, VA, in a building that probably had among the highest rental rates in the area.  (Stupid move on their part, and it went back at least to Colodny days.)  American West had lots of room, and Doogie and Scooter were already moved in.  Again, it made perfect sense at the time.

 

[bob@las-AA]

Thanks, figured you dont get it and your post proves that, thanks for playing.
 
Three CBAs at US contain DOH for flying, they are being grieved, plain and simple, the union is standing up for its members and its CBA.
Something I dont expect you to understand as a pilot, as your group cant be friends with each other nor work under on CBA.

And three will be DENIED!! 

 

[nycbusdriver]

And three will be DENIED!! 

 
And they will go to arbitration; be heard sometime in 2022.

 

[Rogallo]

Now, y'all take a break. Have a cold one. Celebrate the Holiday. And come back next year!

 

[nycbusdriver]

Now, y'all take a break. Have a cold one. Celebrate the Holiday. And come back next year!

 
Who made you schoolmarm?

 

[jimntx]

It certainly does matter what is in a current CBA, you couldnt be farther from the truth, and dont hold your breath on a quick JCBA, it took two years for all three IAM groups, eight years for the flight attendants and the pilots still dont have a JCBA at PMUS.

Just to celebrate the holiday, why don't you try arguing with me instead of just agreeing with yourself. Oh, and you might read what I wrote before responding. What I said was once a new JCBA (whether f/a, pilot, or other) is negotiated and ratified, THEN it won't matter what's in anyone's current contract. The current contracts will be superceded by the new joint collective bargaining agreements. If you believe otherwise, (to quote you), you couldn't be farther from the truth.

 

[bob@las-AA]

 
And they will go to arbitration; be heard sometime in 2022.

Long after I retire. lol