US-AA Merger Articles (Merged Topics)

[firedougparker]

And yet another union comes out against the merger. If anyone knows the damage an airline merger can do, it's the Pittsburgh Building Trades.

http://www.prnewswire.com/news-releases/building-trades-head-urges-us-airways-ceo-to-delay-american-airlines-merger-bid-160536835.html

 

[luvthe9]

This merger is going down thge tubes the east pilots will try to stop this they do not support this in it's current form, If it fails it will be because of Parkers GREED!!!!!!!!!!

 

[wings396]

Those PIT jobs were starting to vanish prior to the merger, and were going to be lost either way. Jobs have been, and will continue to be lost in this industry with or without any merger. Even as a standalone, AA will shed thousands of mtc jobs in various parts of the country.

 

[wings396]

This merger is going down thge tubes the east pilots will try to stop this they do not support this in it's current form, If it fails it will be because of Parkers GREED!!!!!!!!!!

I'm sure this will cement a better future for them.

 

[Phoenix]

From the AA board.. APA board accepts final offer from company to let pilots vote.

http://aviationblog.dallasnews.com/2012/06/allied-pilots-association-board-approves-american-airlines-proposal-9-7.html/

 

[etops1]

And yet another union comes out against the merger. If anyone knows the damage an airline merger can do, it's the Pittsburgh Building Trades.

http://www.prnewswire.com/news-releases/building-trades-head-urges-us-airways-ceo-to-delay-american-airlines-merger-bid-160536835.html

Um .. Why don't you go back to the hole yu came from douchbag ?? Who the F cares what the Pittsburgh Building Trade Head sais or askes? They have nothing to do with either US or AA .

 

[signals]

The latest APA LGA Domicile letter to their pilots makes a vague reference to the possibility of "losing their claim" if they refuse to accept the terms offered by AMR and the Judge rejects their current CBA. It appears they're talking about the claim (loss of pension) that allows them a position on the UCC.

It appears as if APA is not real sure themselves of the possibility of "losing their claim"...they could just be throwing it our there as a potential result. But, if this did happen and the judge rejects their current CBA, this could allow AMR to implement their LBO and removes APA from their position on the UCC.

That would also remove APA from a position that allows them to actively lobby for a merger to the other UCC members.

Therefore, besides the reasons I articulated in regards to increasing AMR's POR cost and potentially decreasing the recovery percentage for other creditors...APA's acceptance of AMR's LBO will ensure that they have a voice within the UCC in support of a merger.

Meanwhile, the company's APA LBO sates, "APA agrees not to object to or contest the issuance of equity or other consideration in the Bankruptcy Cases to the Company’s non-union and management employees, in respect of the sacrifices made by them in furtherance of the Company’s effort to restructure or as incentive for the non-union and management employees’ future service to the Company."

USA320Pilot

Can you fill us in again? Can we comment here or not?

Apparently, who cares?

 

[signals]

Which brings US back to do...

Do a merger that isn't happening
Re a pipedream in the making
Mi a name to refer to US
Fa a long long way from merging
So an airline pulling merger dreams
La another merger wolf
Ti APA has spoken
and it brings US back to Doh!

 

[signals]

Um .. Why don't you go back to the hole yu came from douchbag ?? Who the F cares what the Pittsburgh Building Trade Head sais or askes? They have nothing to do with either US or AA .

Who the F cares about F US!

He-heh, you said something like that to me. So where's the merger?

 

[etops1]

Who the F cares about F US!

He-heh, you said something like that to me. So where's the merger?

You very well know its not that easy . There is a process that needs to take place . An agreement wether it be consensual or not needs to be in place with the AA unions before the UCC talks to USAirways . They need to compare which deal is better . AA's stand alone deal with contracts in place or USAirway's deal . Then they will make a decision to see which one makes better sense and which one brings in a better return for the investors . All 3 AA unions fully support a USAirways deal against AA's stand alone plan but I am sure thy would have their own consensual deals in place with AMR instead of having their contracts gutted and letting AMR have their way with them . USAirways is in no way out of the picture by a long shot . And if you believe that then your a fool .

 

[signals]

You very well know its not that easy . There is a process that needs to take place . An agreement wether it be consensual or not needs to be in place with the AA unions before the UCC talks to USAirways . They need to compare which deal is better . AA's stand alone deal with contracts in place or USAirway's deal . Then they will make a decision to see which one makes better sense and which one brings in a better return for the investors . All 3 AA unions fully support a USAirways deal against AA's stand alone plan but I am sure thy would have their own consensual deals in place with AMR instead of having their contracts gutted and letting AMR have their way with them . USAirways is in no way out of the picture by a long shot . And if you believe that then your a fool .

I already answered this at the AA forums. NO, the unions aren't backing US, they're USing US! First, AA has to prove to the creditors, that they will receive their payments, and US outbidding it, won't matter. If US is still in the picture, then I am a fool, because I see bigger and more influential airlines stepping in to stop US from a takeover. You can 'believe' what you want, but this fool and tightwad who wouldn't wage a dollar, has a million that US/AA ain't happenin!

 

[USA320Pilot]

APA President’s Message: June 27, 2012

Since AMR filed for Chapter 11 on Nov. 29, 2011, APA and management have engaged in multiple rounds of negotiations in an effort to reach a consensual agreement and avoid the possible abrogation of our collective bargaining agreement. These discussions involved National Mediation Board- and court-mediated discussions as well as direct bargaining. During the past several weeks the tempo of these talks intensified, culminating with management presenting a “last, best, final offer” in New York on June 15.

As has been the norm for many years, in contract negotiations with APA and AMR, the more significant moves often occur in the last few days and even last few hours. The “cleanup” required as the final pieces come together is a laborious and time-consuming process. Last week, as the final bargaining was still unfolding, there were still many loosely defined issues and significant clarification was required for the APA Board of Directors to have sufficient information to fully evaluate the offer. As a result, some Board members were not comfortable in voting on what they viewed as an incomplete agreement. Both the bankruptcy judge and AMR management understood this concern and the judge granted management’s request for a one-week extension before his decision on AMR’s 1113(c) motion would be issued.

This afternoon the APA Board of Directors voted nine to seven to approve management’s offer as a tentative agreement. This vote of approval triggers the membership ratification process, which at the direction of the bankruptcy judge will follow a moderately compressed schedule relative to our normal process. Within the next few days, we will disseminate information detailing the schedule for the coming weeks that will culminate in the vote tally on Wednesday, Aug. 8.

Before the APA Board of Directors voted, APA’s advisers—including financial restructuring experts at Lazard and bankruptcy attorney Fil Agusti of Steptoe and Johnson—were emphatic in recommending approval of management’s final offer as a tentative agreement. In particular, our advisers focused on the significance of the provision that gives APA a claim in the form of a 13.5 percent equity stake in a newly reorganized American Airlines. Our advisers stated that a 13.5 percent equity stake should make APA the largest equity holder in the company. As a result, we would be able to influence key decisions from our seat on the Unsecured Creditors’ Committee that will take place for the balance of restructuring such as the makeup of the reorganized airline’s board of directors and other key strategic considerations.

Our advisers also noted that if a merger between American Airlines and US Airways takes place—whether during restructuring or after AMR emerges from bankruptcy—the value of that equity stake should increase, since the overall enterprise value would go up through the combination of the two airlines.

It’s also important to recognize that the tentative agreement contains provisions that represent clear improvements compared with management’s 1113(c) term sheet, including enhanced pay increases; preservation of our duty rigs; some furlough protections; limits on Scope; an early-opener provision at year four; and indexing to Delta, United and US Airways pay rates at year three.

Our advisers told the APA Board of Directors about the substantial downside risk associated with rejecting management’s final offer, including the legal “gray area” that we would enter into if the court were to grant management’s request to abrogate our contract. At that point, we would be required to resume negotiations with the current management team. Negotiations could continue indefinitely as we exit bankruptcy and enter back into protracted Section 6 bargaining trying to renegotiate a CBA from an abrogated position.

Our advisers have stated that management could exit Chapter 11 without labor agreements in place. Given AMR’s substantial cash balance, the airline may not need exit financing from any outside sources. Post abrogation, we would be working under the current management team’s imposed terms—which could be far worse than their final offer—with no guarantee of reaching anything resembling industry-standard terms.

By ratifying our tentative agreement with AMR management, we obtain a sizable unsecured claim, preserve much of our Green Book, and put ourselves in a very powerful position on the Unsecured Creditors’ Committee to have meaningful input in the future of this company. Despite any suggestions to the contrary that you may have heard, a ratified agreement with current AMR management does not preclude us from pursuing a merger with US Airways.

This agreement is clearly not the industry leading contract we all want and deserve. However, it’s also important to recognize that if AMR management were to exit bankruptcy before engaging in any potential consolidation activity, our conditional labor agreement with US Airways will sunset and AMR’s stand-alone plan will have survived. The tentative agreement therefore represents a form of insurance that limits our downside risk while ensuring that we have a significant voice in the direction of American Airlines going forward.

Let me be clear. We have two choices in front of us—we either accept a near-term agreement with AMR management, or we risk abrogation and a tremendous amount of uncertainty about our terms of employment.

I want to close this message by thanking the APA members who took the time to be on hand at union headquarters today for the APA Board of Directors’ vote. There was a sizable group in attendance on this important occasion. I’d also like to recognize the APA Board of Directors for making an effort to conduct much of today’s business in open session for the benefit of those members at large.

In addition, I want to express my gratitude to our entire negotiating team, including the APA Negotiating Committee, Scope Committee, Technical Analysis and Scheduling Committee, Pension Committee, Communications Committee, Family Awareness, many other volunteers and members of our staff, and our professional advisers.

Finally, I want to extend my sincere appreciation to the APA Board of Directors for all of the time they have devoted to this effort. After all of the discussion, debate and deliberation, your domicile representatives made the difficult but necessary decision to approve management’s final offer, giving the pilots we represent the last word in this process. I believe that’s as it should be.

We will have much more information to share with you in the days and weeks to come and are planning to conduct a national road show in July. Please consult alliedpilots.org often for the latest updates.

 

[signals]

Long story short U LUSE!

 

[etops1]

I already answered this at the AA forums. NO, the unions aren't backing US, they're USing US! First, AA has to prove to the creditors, that they will receive their payments, and US outbidding it, won't matter. If US is still in the picture, then I am a fool, because I see bigger and more influential airlines stepping in to stop US from a takeover. You can 'believe' what you want, but this fool and tightwad who wouldn't wage a dollar, has a million that US/AA ain't happenin!

Wow .. You really willing to bet on that buddy ??

Long story short U LUSE!

Long story short U LUSE!

 

[MUTATIS MUTANDIS]

I already answered this at the AA forums. NO, the unions aren't backing US, they're USing US! First, AA has to prove to the creditors, that they will receive their payments, and US outbidding it, won't matter. If US is still in the picture, then I am a fool, because I see bigger and more influential airlines stepping in to stop US from a takeover. You can 'believe' what you want, but this fool and tightwad who wouldn't wage a dollar, has a million that US/AA ain't happenin!

Actually SIGNALS, your correct it does not matter what all the "HYPE" says ie, PLANEBUSINESS ETC!, remember there is a real reason HORTON is a CEO and she tries to get 197 bucks a year for her publication just to get invited to "TEMPE'S SOCIALS"! With market share at stake and profit the bottom line, credability matters and "DUI DOUG" is a DNF! MM!