US-AA Merger Articles (Merged Topics)

[USA320Pilot]

US Airways Angles for a Merger With American

http://www.businessweek.com/articles/2012-05-10/us-airways-angles-for-a-merger-with-american


American Airlines service agents ask court to block cost cuts amid union election

http://www.star-telegram.com/2012/05/10/3952420/american-airlines-service-agents.html

 

[FWAAA]

The US-AA merger fantasy continues:

http://www.bloomberg.com/news/2012-05-11/amr-said-ready-to-explore-sale-among-options-in-creditor-accord.html

 

[USA320Pilot]

AMR Said Ready to Study Sale Among Options in Bankruptcy

http://www.bloomberg.com/news/2012-05-11/amr-said-ready-to-explore-sale-among-options-in-creditor-accord.html

 

[AirbusA310]

http://www.reuters.com/article/2012/05/11/us-amr-idUSBRE84A14Z20120511?feedType=RSS&feedName=innovationNews&rpc=43

 

[AirbusA310]

American airlines, creditors agree to explore merger options
http://www.reuters.com/article/2012/05/11/us-amr-idUSBRE84A14Z20120511?feedType=RSS&feedName=innovationNews&rpc=43

 

[etops1]

The US-AA merger fantasy continues:

http://www.bloomberg.com/news/2012-05-11/amr-said-ready-to-explore-sale-among-options-in-creditor-accord.html

This fantasy looks like its becoming reality .

 

[Phoenix]

http://mobile.bloomberg.com/news/2012-05-11/american-airlines-considers-change-in-oldest-jet-livery.html?cmpid=yhoo
Back to the important stuff.. Paint.

 

[Phoenix]

And now for the UTC video.. Is that you on TV, 320?

Today's word is "cobble".. As in cobble together a piece from different airlines here or there.


Says USAir won't be the only one to make proposal..

http://money.msn.com/money-video/stock-ticker.aspx?from=gallery_en-us&videoid=c5b50331-1fb8-4bdc-9529-a0553a2a6fc9

 

[USA320Pilot]

American Airlines, eyed by US Airways, agrees to study merger while still in bankruptcy

Standard & Poor's, citing a Bloomberg News report that AMR would consider a merger as an alternative to its stand-alone restructuring plan, said the move made it more likely that US Airways will acquire AMR or merge with it. S&P kept a "Buy" rating on US Airways stock.

http://finance.yahoo.com/news/american-airlines-agrees-study-merger-211113885.html


AMR Said Ready to Study Sale Among Options in Bankruptcy (Update 2)

American Airlines will explore strategic options that include a possible sale under an agreement with the unsecured creditors committee in its bankruptcy case
The creditors panel pressed for such an agreement so AMR’s review of its options would include studying a merger with US Airways Group

http://www.bloomberg.com/news/2012-05-11/amr-said-ready-to-explore-sale-among-options-in-creditor-accord.html


AMR, Creditors to Study Merger

US Airways has held talks with the parent of British Airways about its potential bid for American Airlines, according to a person familiar with those talks.

American is a member of the Oneworld global marketing alliance, one of three that dominate the global industry. US Airways has said it aims to shift from the Star grouping to the Oneworld pact led by American and its main European partners, British Airways and Iberia.

Willie Walsh, chief executive of BA parent International Consolidated Airlines Group, said Friday that it had signed a confidentiality pact with American about its restructuring plan.

IAG has hired advisers to assess the impact of American's plan to remain independent in the face of a potential bid from US Airways.

http://online.wsj.com/article/SB10001424052702304203604577398532868215706.html


American Airlines Indicates It Is Open to Discussing Merger

AMR also received a strong endorsement on Friday from its international partner, International Airlines Group, which owns British Airways and Iberia and whose chief executive is Willie Walsh.

“The American management team have the sole right to produce a business plan at this stage,” Mr. Walsh said Friday. “So, the US Airways team under Doug Parker, I think, have actually done a very effective job getting their message out into the market. But at this stage, American appears to be very focused on completing the restructuring task that they had set for themselves.”

Mr. Walsh added that he would be willing to help out American, its biggest international partner, if needed. “We are ready to move quickly if there are any developments,” Mr. Walsh said.

http://www.nytimes.com/2012/05/12/business/american-airlines-indicates-it-is-open-to-discussing-merger.html?partner=yahoofinance


AMR’s UCC attorney: We support AMR’s plan, even as we consider alternatives T he Debtors and the Committee have entered into a binding protocol agreement to jointly explore such alternatives

http://aviationblog.dallasnews.com/archives/2012/05/ucc-attorney-we-support-amrs-p.html


AMR: We and the creditors committee will explore consolidation

http://aviationblog.dallasnews.com/archives/2012/05/amr-we-and-creditors-committee.html


American Airlines to explore merger options

http://finance.yahoo.com/news/amr-creditors-agree-explore-merger-195034676.html


Is AMR Finally Considering US Airways Tie-Up?

http://wallstcheatsheet.com/stocks/is-amr-finally-considering-us-airways-tie-up.html/


American Airlines: We’re doing what needs to be done

http://aviationblog.dallasnews.com/archives/2012/05/american-airlines-were-doing-w.html

CNBC Video: AMR Corp’s Potential Sale

“AMR Officially For Sale”

http://money.msn.com/money-video/stock-ticker.aspx?from=gallery_en-us&videoid=c5b50331-1fb8-4bdc-9529-a0553a2a6fc9


APA president: The executives who led us into bankruptcy aren’t the ones to lead us out

"The team that took us into bankruptcy is not the team that should lead us out. We have a better alternative for our employees, our communities and the future of the airline. That alternative is the promise of a new American Airlines combined with US Airways and their new, invigorated, energetic management team.

http://aviationblog.dallasnews.com/archives/2012/05/apa-president-the-executives-w.html


APFA vice president explains why flight attendants have no confidence in American Airlines management

“US Airways has two advantages over American. First, they understand the problems at American are systemic. They know as well as we do that American's struggles have been brought on a bad business plan that fails to generate revenue, not the cost of paying its workers. Second, US Airways has a plan to grow our company so we can compete with United and Delta. American has no plan.

"This is about more than us. It's about more than my salary and benefits. This is about bringing in a management team that can return this one proud company to a position of dominance in this industry. It's about working for an airline that will lead the pack and set the standards for our competitors to follow. It's about once again working for an airline that deserves to be called American Airlines.

American Airlines under its current management team and their current business plan cannot survive in this marketplace.

http://aviationblog.dallasnews.com/archives/2012/05/apfa-vice-president-explains-w.html


American Airlines Considers Change in Oldest Jet Livery

http://www.bloomberg.com/news/2012-05-11/american-airlines-considers-change-in-oldest-jet-livery.html?cmpid=yhoo


APA Negotiating Update: May 11, 2012

First, thanks to all of the members who participated in today’s rallies in Fort Worth and New York. Our “No Confidence” petition, our rallies and our agreements with US Airways send a very loud and clear message that AMR is in need of significant management changes. Next week, members of our team will be taking the stand in bankruptcy court in New York to make our case for dismissing the management motion to reject our contract. Our attorneys at James & Hoffman have been working seven days a week and frequently around the clock to prepare for this case. A special thanks to Negotiating Committee member First Officer Greg Shayman, who has put enormous efforts into preparing declarations and exhibits for use in court next week.

The Negotiating Committee met with AMR management this week and received updated proposals on sick usage and scope. The sick proposal suggests a transition to a short-term and long-term sick bank, with an annual cash-out provision based upon a pilot’s total sick bank. Access to the long-term bank would require approval from AA Medical for any sick event lasting longer than 14 days. In the management scope proposal, they are asking to be allowed to have up to 55 percent of the mainline fleet count (which would currently allow more than 330 aircraft) be 70- to 81-seat jets for regional feed. Their proposal does not have any requirement for management to add additional aircraft at the mainline. Their proposal also suggests the ability to codeshare with other domestic carriers, up to 50 percent of system-wide available seat miles. The updated sick leave proposal can be viewed by clicking here, and the updated scope proposal can be viewed by clicking here.

Members of the Negotiating Committee also met with US Airways management in DFW this week to negotiate the transition of the Conditional Labor Agreement into contract language. The US Airline Pilots Association (USAPA) Negotiating Advisory Committee, representing the pilots of US Airways, flew to DFW to participate in these talks. Their involvement is especially helpful and we are off to a good start integrating them into the process.

We also spent time with the APA Board of Directors this week, discussing strategy and the decisions that will need to be made during the weeks ahead. After APA presents its case to the court next week, we anticipate talks with AMR management continuing in New York as we draw closer to the date when the court could rule to reject our collective bargaining agreement.

 

[UPNAWAY]

Things are reaching critical mass and Horton knows he is losing control, should be a very interesting summer. If he wants a major say in all of this he probably would be wise to abdicate and join forces.

 

[Phoenix]

APA president said, " new invigorated, energetic management team" when referring to Tempe?

The only explanation I can come up with is some out of season mistletoe.

 

[USA320Pilot]

Again, could we limit this thread to Merger Articles ONLY. Thanks again for your consideration.

US Airways Comments on the Joint Protocol Agreement Between AMR and the Committee of Unsecured Creditors

http://finance.yahoo...-001400785.html

 

[Freighterguynow]

Look like Romney back off same sex adoptions.

http://www.cbsnews.com/8301-503544_162-57433104-503544/romney-backs-away-from-same-sex-adoptions/

 

[USA320Pilot]

AA exec: No contract approval = no pay increases and other goodies

http://aviationblog.dallasnews.com/archives/2012/05/aa-exec-no-contract-approval-n.html


Photos from AA union’s march to corporate headquarters

http://aviationblog.dallasnews.com/archives/2012/05/some-photos-from-fridays-march.html


Photos from pilots protest march on American headquarters

http://startelegram.typepad.com/sky_talk/


US Airways is “very pleased” that AMR will consider consolidation

http://aviationblog.dallasnews.com/archives/2012/05/us-airways-is-very-pleased-tha.html


Fees are approaching $60 million in AA bankruptcy

http://aviationblog.dallasnews.com/archives/2012/05/total-fees-submitted5870502190.html

 

[USA320Pilot]

APA Update: May 11, 2012

Fellow pilots,

Today, your APA leadership delivered the results of our “no confidence” petition to AMR corporate headquarters. Beginning at 10 a.m. CDT, hundreds of our pilots—including the majority of the APA Board of Directors—and a large contingent of APFA and TWU members participated in a march from APA headquarters to the AMR corporate campus. Upon arrival, I personally presented documentation attesting to your verdict of no confidence in AMR management’s business plan and their ability to successfully restructure American Airlines. Also this morning, a group of APA, APFA and TWU members delivered the same message of no confidence in a rally near the bankruptcy court in lower Manhattan.

Nearly 7,500 of you chose to add your names to APA’s no confidence petition, representing an overwhelming majority of our active pilots. Our message is strong and clear: American Airlines needs new management now. The management team that steered our airline into bankruptcy does not have the “right stuff” to lead us out of Chapter 11 restructuring.

I want to take this opportunity to thank everyone who added their name to our petition. I also want to express my appreciation to the members of the APA Board of Directors, the APA members at large, and the APFA and TWU members who took part in this morning’s events. There’s no substitute for membership involvement, particularly at such a critical juncture in our airline’s history. Finally, the dozens of APA volunteers who, on very short notice, put in a lot of long days to make today’s events happen deserve special recognition. There’s no way we could have done it without them.

Those of you in DFW will most likely get the opportunity to see a recap of our CentrePort march on television this evening in light of the multiple news teams that covered us this morning. To see a collection of photos from this morning’s events in Fort Worth and New York, click here. Notably, while overnight thunderstorms moved through DFW, we enjoyed dry conditions and pleasant temperatures for the duration of the march to and from AMR headquarters.

Shortly after our event concluded, it began raining very hard. Luck was definitely on our side!

In a potentially very significant development in our airline’s restructuring, AMR released a statement late this afternoon confirming “a joint protocol agreement” between the company and the Committee of Unsecured Creditors concerning “potential consolidation scenarios.” AMR’s statement notes that “this agreement does not in any way suggest that a transaction of any kind or with any particular party will be pursued.” According to a related Bloomberg News article, “American Airlines parent AMR Corp. will explore strategic options that include a possible sale under an agreement with the unsecured creditors committee in its bankruptcy case. The process would begin this summer, before the September expiration of AMR’s exclusive right to propose a reorganization plan.” The same article also noted that “exploring options now marks a shift from Chief Executive Officer Tom Horton’s stated goal of having AMR exit Chapter 11 before weighing a merger. That approach has been under pressure after US Airways hired advisers, won backing for a tie-up from American’s unions, and began courting creditors.” Reuters published an article similar to the Bloomberg News report.

As we learn more about this late-breaking development, we will keep you informed.

I will be onsite in New York, on Monday, May 14 as the 1113 hearings resume in bankruptcy court. Our legal team has devoted an enormous amount of time and energy in preparation for presenting our case, and we are well prepared for this next phase of the hearing.

Once again, thank you for helping APA speak with one voice as we remain focused on representing your interests to the best of our ability.

Captain Dave Bates
APA President