Parker Turns Down Bonus

[700UW]

US whored itself out of bankruptcy and to finance the merger.

ACE invests gets its money in less then one year in mtc contracts.

Airbus loans money and get aircraft orders, ie the A350.

Air Wisconsin gets invests and get all the 50 seat flying on the east side.

Republic invests and gets all the E170s and their flying and slots.

Not a hard choice for those companies as they are going to make more money from the service contracts then they ever invested in the merger.

 

[Nor'Easta]

Maybe he is watching what is taking place at AA???

All three of AA's unions filed a combined Presidential Grievance against the managemnt bonuses, to be paid on April 17, 2006.

 

[awausairtech]

US whored itself out of bankruptcy and to finance the merger.

ACE invests gets its money in less then one year in mtc contracts.

Airbus loans money and get aircraft orders, ie the A350.

Air Wisconsin gets invests and get all the 50 seat flying on the east side.

Republic invests and gets all the E170s and their flying and slots.

Not a hard choice for those companies as they are going to make more money from the service contracts then they ever invested in the merger.

7 do not forget the 190's.
With this post You look like you may have your eyes opening up some.

 

[Awa Contract]

Gee he left out Air Canada looking for outsourced Mx

 

[awausairtech]

I bet 190's
View attachment 4614

 

[700UW]

ACE is Air Canada, it is the parent company.

ACE Aviation Holdings Inc., parent company of Air Canada.

There was not IAM or union stuff mentioned in my post.

Guess you have to stick your nose into every thread and topic, guess you need to go back and read my post once again.

It is the truth, US whored itself to emerge from chapter 11 and fund the merger.

The facts speak for themselves.

 

[700UW]

I am not in the place of telling US how to emerge from chapter 11.

The facts speak for themselves about how US obtained the money to exit bankruptcy and merge with HP.

Maybe if you took the time to actually educate yourself on how it happened instead of trying to insult posters you might actually learn something.

 

[VOR]

ACE is Air Canada, it is the parent company.

There was not IAM or union stuff mentioned in my post.

Guess you have to stick your nose into every thread and topic, guess you need to go back and read my post once again.

It is the truth, US whored itself to emerge from chapter 11 and fund the merger.

The facts speak for themselves.

Guess some folks see employment for more than 30K people as an unimportant by product of whoring. Yes some jobs have been lost and possibly more will be in the future but that is life. For my money, a little whoring, as you put it, is well worth the result. Some are quick to point out fault...OH THE GLASS IS HALF EMPTY! Yes it may be but the glass is also half full. If the glass is 9/10 empty, it is still 1/10 full and the game goes on. As long as the game goes on there is chance for success. Together management and labor can make the new US a success. And before it is brought up, respect goes both ways.

 

[longing4piedmont]

Any jackass can kick over a barn why not try building one and tell us what you would have done.

like this?

 

[EricLv2Fish]

The facts speak for themselves about how US obtained the money to exit bankruptcy and merge with HP.

It is doubtful the brains behind the merger were on the east side. US East brought their labor costs inline with West so there could be a merger.

 

[700UW]

Seabury was one of the major players in behind lining up the investors and he was hired and paid by US Airways, not America West.

 

[AIRWOMAN]

Seabury was one of the major players in behind lining up the investors and he was hired and paid by US Airways, not America West.

From what I have read, this "merger" was being considered years back. Then put on hold and brought back out and the end result is the current situation. Now think about it, of course US Airways hired and paid for it. It was the way to keep the airline in business.

 

[700UW]

As part of its advisory to US Airways Group, Inc. in its merger with America West Holdings Corporation, Seabury arranged and/or advised in raising $829 million of common equity and $1,150,000 million of other forms of debt, supplier liquidity facilities and net asset sale proceeds

.

 

[awausairtech]

700UW is correct! Without Seabury and Bruce Lakefield there is no merger. US brought 2 things to the table.

1. Cash

2. East coast route structure.

Without that HP would have run out of cash and filed BK. It was a unique situation. US & HP needed each other to survive. DP and the tempe folks were in a better negotiating position or the HQ would have been in CCY. US's situation was more urgent than HP's that's why US went for the huge payouts for the executives.

1. US brought 2 things to the table(Cash 0+0=0 LOL BK
2. Without that HP would have run out of cash and filed BK.
BOB READ: Parker Turns Down Bonus. AWA Profitable in 2005
(Replying to Parker Turns Down Bonus)WHY DID HE GET THIS BONUS??????????AWA ONLY MONEY AND DO NOT GIVE ME NO BS US EAST MADE MONEY ON FLIGHTS. US ONLY SHOWED MONEY ON MERGER MONEY ON PAPER THAT AMERICA WEST INVESTERS BROUGHT IN.
As 700 said DONT LET THE FACTS GET IN YOUR WAY.

If I AM WRONG POST IT AND I WILL SAY I AM WRONG....
Look up and hit the call light and get another drink.

 

[awausairtech]

I don't have the quotes and analysis at hand but US Airways had substantial cash to exit BK and HP was facing a cash crunch

This merger is a good thing all the way around and splitting hairs accomplishes nothing

I Give The Customer is always right.