Stick-n-Rudder
Member
- Aug 21, 2002
- 64
- 0
Member
Group: Member
Posts: 54
Member No.: 433
Joined: 21-August 02
Are we getting closer to a merger with Virgin Atlantic? A change in a board member is significant don't you think?
Things are awfully quiet for all the problems that U is having. Big things normally happen during such a "quiet" period. Are we in this phase.
Also, can't ignore the compensation that Lakefield gets if there is a merger. There is no money in this for Lakefield unless U is merged with another company. Read Lakefields employment contract.
Don't know if anyone else has heard about Ornstein's message to the employees. He stated Mesa is going to become another Southwest. Some Mesa employees are interpreting his memo as Mesa buying USAir. Mesa would not have to become Southwest if they were buying U. Also, further evidence of Mesa's problems is that they are having to go outside the US for investors. Ornstein stated he is working with a group of investors in Findland. Ornstein has burned his bridges in the investment community in the US. Burn the pension funds and don't you think the banks and investment bankers are aware of what is going on? Your reputation is critical in dealing with the investment community. Mesa no longer has a product. They want to build one. Let's see, Mesa setting up independent companies to increase the price, to increase their profits; who do you think wants to invest in this.
Again, my opinion is Mesa is in deep trouble. U is fighting with Mesa over the ownership of the aircraft. What will Mesa have if they compete directly against U? Don't you think other carriers will void their contracts if Mesa is competing directly with them. Mesa got into the antitrust lawsuit because they wanted to continue to contract with other carriers. Within four months Mesa is becoming another Southwest. Any bets on Mesa's longevity?
Just trying to follow the money!
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US Airways Group, Inc. Chairman Dr. David G. Bronner said, "We are pleased to have been able to attract such a high-caliber and reputable individual as Ronald Stanley to our board. The Board's actions today reflect an ongoing effort to build and maintain a strong management team and build a partnership with our employees."
Stanley is currently a director of Scholefield, Turnbull & Partners, a business travel consulting firm based in London, vice chairman and director of Decatur Foundry Inc., and strategic partner of Venpartners LLC. He previously was chief operating officer and director, HSBC Equator, and vice president at Harris Bank. He also held several key positions at the Royal Bank of Canada Europe, including general manager, Europe, Middle East and Africa. Stanley was a member of the executive committee for RBC Dominion Securities, culminating a four-year tenure as senior vice president and general manager of the bank's European division. Stanley served in the U.S. Air Force in the U.S., Europe, and South East Asia. He is a veteran of the Vietnam War.
Serck-Hanssen is responsible for US Airways' capital markets and aircraft financing, insurance programs, risk and cash management, pensions, investments programs, treasury, tax and fuel.
Before joining US Airways, Serck-Hanssen spent six years with Northwest Airlines as managing director of finance and assistant treasurer. While at Northwest, his responsibilities included bank and airport bond financing, credit and collections, insurance and risk management, fleet planning, flight profitability, labor analysis, alliance finance and the development of the company's business plans. His professional career included work for PepsiCo, where he oversaw an aggressive program for expansion into Vietnam. He also worked for PricewaterhouseCoopers in London and is a member in good standing of the Institute of Chartered Accountants in England and Wales.
He has an MBA from the University of Chicago, a BA in management science from the University of Kent, UK, and a BSc in civil engineering from University of Bergen, Norway.
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Group: Member
Posts: 54
Member No.: 433
Joined: 21-August 02
Are we getting closer to a merger with Virgin Atlantic? A change in a board member is significant don't you think?
Things are awfully quiet for all the problems that U is having. Big things normally happen during such a "quiet" period. Are we in this phase.
Also, can't ignore the compensation that Lakefield gets if there is a merger. There is no money in this for Lakefield unless U is merged with another company. Read Lakefields employment contract.
Don't know if anyone else has heard about Ornstein's message to the employees. He stated Mesa is going to become another Southwest. Some Mesa employees are interpreting his memo as Mesa buying USAir. Mesa would not have to become Southwest if they were buying U. Also, further evidence of Mesa's problems is that they are having to go outside the US for investors. Ornstein stated he is working with a group of investors in Findland. Ornstein has burned his bridges in the investment community in the US. Burn the pension funds and don't you think the banks and investment bankers are aware of what is going on? Your reputation is critical in dealing with the investment community. Mesa no longer has a product. They want to build one. Let's see, Mesa setting up independent companies to increase the price, to increase their profits; who do you think wants to invest in this.
Again, my opinion is Mesa is in deep trouble. U is fighting with Mesa over the ownership of the aircraft. What will Mesa have if they compete directly against U? Don't you think other carriers will void their contracts if Mesa is competing directly with them. Mesa got into the antitrust lawsuit because they wanted to continue to contract with other carriers. Within four months Mesa is becoming another Southwest. Any bets on Mesa's longevity?
Just trying to follow the money!
------------------------------------------------------------
US Airways Group, Inc. Chairman Dr. David G. Bronner said, "We are pleased to have been able to attract such a high-caliber and reputable individual as Ronald Stanley to our board. The Board's actions today reflect an ongoing effort to build and maintain a strong management team and build a partnership with our employees."
Stanley is currently a director of Scholefield, Turnbull & Partners, a business travel consulting firm based in London, vice chairman and director of Decatur Foundry Inc., and strategic partner of Venpartners LLC. He previously was chief operating officer and director, HSBC Equator, and vice president at Harris Bank. He also held several key positions at the Royal Bank of Canada Europe, including general manager, Europe, Middle East and Africa. Stanley was a member of the executive committee for RBC Dominion Securities, culminating a four-year tenure as senior vice president and general manager of the bank's European division. Stanley served in the U.S. Air Force in the U.S., Europe, and South East Asia. He is a veteran of the Vietnam War.
Serck-Hanssen is responsible for US Airways' capital markets and aircraft financing, insurance programs, risk and cash management, pensions, investments programs, treasury, tax and fuel.
Before joining US Airways, Serck-Hanssen spent six years with Northwest Airlines as managing director of finance and assistant treasurer. While at Northwest, his responsibilities included bank and airport bond financing, credit and collections, insurance and risk management, fleet planning, flight profitability, labor analysis, alliance finance and the development of the company's business plans. His professional career included work for PepsiCo, where he oversaw an aggressive program for expansion into Vietnam. He also worked for PricewaterhouseCoopers in London and is a member in good standing of the Institute of Chartered Accountants in England and Wales.
He has an MBA from the University of Chicago, a BA in management science from the University of Kent, UK, and a BSc in civil engineering from University of Bergen, Norway.
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