Unprecedented Change…

[767jetz]

Everyone should relax a bit here. Anyone who knows anything about UA (ie: not usa320pilot) knows that UA is not selling off assets. They also know that this person has an obsession, and no crediblity WRT predicting UA's future.

USA320pilot is obviously up to his same tricks again. Must be looking for a narcissistic supply.

Just ignore his banter and move on. He's just not worth the band width.

 

[B.O.B.]

One potential scenario is for the new US Airways to obtain TED.

Regards,

USA320Pilot

[post="298769"][/post]​

Have another shot of Jack Daniels on me! :blink:

 

[Walmartgreeter]

deleted

 

[aquagreen73s]

What's with all the talk of TED? No no no...the rumor in the Pacific NW is ALK comes in within a year or so of the U-AWA merger. ALK-AWA-PSA-Piedmont-Allegheny. That logo is going to get crowded!

 

[PHX-F/A]

?

Why would the new U want TED even on a hypothetical? We just sold MDA.

[post="298770"][/post]​

more A320's

 

[Fly]

They have their corporate offices there now. They're just waiting...for something...to happen... http://www.virginamerica.com/Main.aspx

[post="299224"][/post]​

Like the laws to change?!? :blink:

 

[iflyjetz]

Obsessed with all things United?

You may want to expand your horizons there, 320. Delta is selling off everything that's not bolted down and Northwest is about to implode.
Yet you chose United as the airline to sell off assets, in spite of United being able to line up $3 bil in exit financing.

In regards to usa320pilot, all I can say is that UAL's 'loss' is U's boat anchor. (He resigned from UAL to go to U).

 

[USA320Pilot]

Throughout this thread my points are simple:

The joint US Airways and America West joint ALPA MEC spent two day's last week focusing on further industry consolidation that could include M&A activity, asset sales, and fragmentation. The view of all of the union's advisors is that there will be more corporate transactions in the near-term due to pending bankruptcy filings and changes to POR's/Disclosure Statements. The MEC's/Negotiating Committee's from both companies met with Doug Parker in joint session last week to not only discuss the Transition Agreement, which is very close to being agreed upon, but M&A activity too. According to America West MEC chairman JR Baker "we forged a relationship much more 'old school' (with Parker) where our decision-makers sit down and agree upon concepts and then turn those concepts over to the committees and staff to work out the nuts and bolts."

Baker then made the following points in a letter to the pilots:

-- "Last week, we received two very enlightening presentations from our hired industry experts. Our investment bankers and ALPA financial analysts talked about the strengths and weaknesses of the merger with AAA and the status of the industry overall. This was followed by a presentation from our merger attorney and his industry analyst who reviewed the industry from a merger perspective. Needless to say, things remain chaotic for the domestic airlines financially, and we should expect more consolidation as a result of the expected bankruptcy filings from other U.S. carriers."

-- "Also weighing on our minds is what the industry analysts are saying about a final domestic industry-wide consolidation. In other words, there is a real likelihood that as America West (soon to be US Airways) pilots, we must be prepared and ready to fight a second merger or fragmentation on the heels of this pending merger."

-- "The MEC also recognized that there was great value in having a transition agreement completed before the US I am happy to report to you that I believe the meeting was a success, and that we are well on our way to achieving our goals -- the main ones of which are protecting your pay, benefits and seniority. The transition agreement negotiations have been re-energized and hopefully (with the cooperation of the company), will reach a successful conclusion prior to September 16."

-- "I am happy to report to you that I believe the meeting was a success, and that we are well on our way to achieving our goals -- the main ones of which are protecting your pay, benefits and seniority. The transition agreement negotiations have been re-energized and hopefully (with the cooperation of the company), will reach a successful conclusion prior to September 16."

-- "We have a solid working relationship established with the US Airways MEC and have given our joint negotiators the tools necessary to get a deal for the transition. We forged a relationship much more "old school" where our decision-makers sit down and agree upon concepts and then turn those concepts over to the committees and staff to work out the nuts and bolts. We pushed the politics and emotion to the side as much as possible and are working toward a business-based model."

Meanwhile, I understand from sources outside the company that United's creditors believe the comapny's POR provides unrealistic fuel cost and revenue assumptions. The carriers POR projects a jet fuel price corresponding to Crude Oil prices of $50 per barrel, which is about $14 below Friday's closing price, and represents a $840 million per year difference.

This could cause United to adjust its POR and Disclosure Statement requiring asset sales. I have heard from a well placed source outside of US Airways and United that one option being discussed by the parties is the sale of TED and its assets. A key point to understand is that both ALPA contracts have a 15% fragmentation clause and TED represents less than 15% of the carrier's flying, thus if this deal if executed (which would boost the new US Airways' A320 family aircraft fleet), it would prevent management from having to deal with a thorny labor problem, like we are witnessing with MDA and LOA 91.

Will it occur? I do not know. maybe, maybe not. Is it being discussed? I have been told it is.

Meanwhile, the TCC met with the Company on both Saturday and Sunday and both MEC's went into session today. We are getting close to a new Pilot Transtion Agreement that according to Baker would "protect (pilot) pay, benefits and seniority". Obviously, the joint MEC view is that there will be further M&A activity, but how it unfolds is still unclear.

Regards,

USA320Pilot

 

[USA320Pilot]

Iflyjetz:

I believe you should go talk to ALPA National before you "pop off" about something you know nothing about. Maybe it would be better for you to show some initiative and do some research.

Regards,

USA320Pilot

 

[iflyjetz]

Iflyjetz:

I believe you should go talk to ALPA National before you "pop off" about something you know nothing about. Maybe it would be better for you to show some initiative and do some research.

Regards,

USA320Pilot

[post="299352"][/post]​

OMG! That's hilarious coming from you.
You pop off about anything United. Get rid of your Jump to Conclusions mat (ref: Office Space, classic movie).

Any idea how much hedging UAL has done? Any idea on the price level? Obviously not, or you wouldn't make such a big deal about current oil prices.

 

[a320av8r]

I read the AWA Pilots update too. It also said that progress is being made on the
E-190 flying. My question re: ted is this- Why acquire the stuff from UAL when we will have the power to acquire our own equipment from Airbus equipped the way we want it and grow our own airline in markets we want. Surely with DL and NW getting ready to go CH11 and flyI CH7 will produce new opportunities and we could go on the offensive.

Just my thoughts.

 

[USA320Pilot]

A320av8r:

Because they can be obtained "on the cheap". There is a lot, a lot going on right now and the company and ALPA are burning the "midnight oil". In addition, companies who are forced to sell assets can only sell them to buyers who have money and want a particular asset, like A320s.

The big difference for United and US Airways is the domestic alliance because United could sell the new US Airways assets and then "code share" the flying, which benefits the Chicago-based company because it would preserve some of its current revenue base.

Regards,

USA320Pilot

P.S. It would be better to have more A320s and EMB-190s for US Airways and MDA pilots than the EMB-170s. I want to keep the EMB-170s too, but there is more than one way to protect mainline and MDA flying.

 

[RowUnderDCA]

Look.... wouldn't we agree that a UAL coming out of bankruptcy with pretty muchly everything in tact (LHR and Asia and wide-bodies and international flying) minus some airbuses, would be a pretty good result? Why is everyone so sensitive? If all of UAL's airbuses are less than 15% of the flying (I'd have guessed more than that), then really big deal.

The fact that USA320 keeps wanting to link UAL assets with the new U is nothing new, but hardly worth the attention.

Newsflash: things aren't stable in the airline industry yet.

 

[USA320Pilot]

Row:

It’s not linking two companies, although it’s widely known the two companies have discussed M&A activity and “Project Minnowâ€￾ for years. What I am saying is that I have been told by a source close to the companies that TED’s assests could be obtained by the new US Airways. A key here is that both ALPA contracts have identical 15% fragmentation language and TED’s (or other A320 assets) are less than 15%. That would eliminate labor objection because it is already contained in the contract.

Will something happen? I do not know, but I have been told by a very good source that it is an active option in the “executive suitesâ€￾ at CCY, WHQ, and Tempe.

Regards,

USA320Pilot

 

[TheLarkAscending]

... I have been told by a very good source

There appears to be an absense of any such Unprecendented Change within this topic: the constant need for attention is everpresent, the ad nauseum repetition of the same information and quotes over and over and over and over and over, the incessant obsession with United and, oh my goodness, the very good source has made a comeback. Zzzzzz.