US Airways Confirms It Has Hired M&A Advisors For Possible AMR Takeover

[BoeingBoy]

Un-named sources often have their own agenda and "some creditors", even if true, is different than the headline implication. In my opinion, Parker has a very tall hill to climb before he can acquire AA. Besides, "hearing a plan to remain independent" (who doesn't know that Horton prefers that) is not the same as judging a POR.

Jim

 

[signals]

You know, if you just admitted that your post contradicted itself, I'd let it go.

But no, you had to go Sparrowhawk on me.

My post did not contradict itself. I said you could probably survive, but my personal opinion is that you will go belly up, which is fine with me

 

[signals]

Damn it. Another idiot.

So, if you don't work for the airline or an airline, then why are you here. You obviously have no idea of what your talking about going so far as o contradict yourself in on post. At least Sparrowhawk takes two!

Flying on SWA once a year doesn't allow you to make the points you brought up.

Please, go watch TV.

Yes, another idiot that needs a rude awakening. I don't work for airlines but work at an airport. Comparing me to hawk, well I was around before the two of you combined, and am here to stay

I talk what your UShole universe has fed me over the years. Remember the Great Duct Tape Debate of 08? Remember when your fellow employees were on a smear campaign against your airline? Remember when the sandcastle was forcing some to sign a cease and desist order because they were giving 'secrets'?

Since the boob tube demographics cater to 18-49 year olds, only a real boob would watch it. So what's on

For future reference, I haven't flown since 87, you couldn't get me in one of those cigar tubes!

 

[AAviator]

http://www.bloomberg.com/news/2011-11-29/amr-unsecured-lenders-may-get-next-to-nothing-in-bankruptcy-fitch-says.html

Lets see.. The three unions aren't interested in a merger. The PBGC probably knows what the pension status is like with the rest of the industry, and the likelihood of further support of Db pension plans. Maybe they think they'll get more than they're going to got with a merger?? Boeing?? well, they've probably noticed LCC is going all Airbus. So, that leaves the banks..

I suspect a slow news day.

 

[JFK Fleet Service]

Don't discount the TWU's desire to potentially harvest more dues overcoming any anti merger feelings they may harbor.

 

[usa1]

PBGC NEWS http://www.pbgc.gov/wr/other/pg/amr-bankruptcy-facts.html

 

[USA320Pilot]

Here are three key points in Reuters' article:

1. Some creditors want AMR management to explore other options that may lead to a better recovery of their claims, including a potential combination with another carrier.

2. While different creditors have different economic interests at stake, the sources said consensus is growing at the committee on the need to look at other alternatives.

3. Even labor unions, which traditionally do not like mergers because they come with job cuts, want to explore how a deal with a rival carrier would affect their members even though they may not necessarily favor it.

Click here to read the story.

Reports from BPR members indicate that in US Airways' last attempt to acquire United Airlines Doug Parker invited USAPA President Mike Cleary and Vice President Randy Mowrey to Tempe to meet in the "executive suite" with the company's officers. Parker presented Cleary and Mowrey with a new contract proposal of Delta + 1% in exchange for merger support, acceptance of the Nicolau Award as the SLI, and the CoC clause. Cleary and Mowrey took the offer and flew to CLT for the BPR's regularly scheduled quarterly meeting.

Before the BPR could act Jeff Smisek trumped US Airways' bid to merge with United and Continental merged with the Chicago-based carrier.

With the AFA TA in place, which I expect to be ratified, US Airways will eliminate another merger obstacle while the pilot's DJ lawsuit moves closer to conclusion (replies to the Summary Judgment are due to be filed in District Court on February 21, which is less than two weeks away).

In my opinion, if Parker elects to move forward he will buy labor support and go public with his labor offers. The deals will be industry leading contracts such as Delta + 1%. Parker has repeatedly told US Airways' employees this is the only way they can obtain industry leading contracts. Therefore, American Airlines' employees may have the option to accept management's term sheet, which could get worse if the unions do not agree to new contracts and the company keeps burning cash or limit their losses significantly by merging most likely with US Airways.

The SLI's would be covered by the MacCaskill-Bond amendment and for US Airways' pilots I suspect the Nicolau Award will be the list used in the next arbitration.

 

[Move2CLT]

My post did not contradict itself. I said you could probably survive, but my personal opinion is that you will go belly up, which is fine with me

Coming from a guy who has never worked in the industry or been near an airplane in 25 years.

I won't lose any sleep over that.

So then, why are you here?

 

[Move2CLT]

The SLI's would be covered by the MacCaskill-Bond amendment and for US Airways' pilots I suspect the Nicolau Award will be the list used in the next arbitration.

Smartest thing I've seen an eastie post in....

...ever!

Nice work Chip!!

 

[USA320Pilot]

American Airlines creditors push merger

Click here to read the story.

 

[USA320Pilot]

Airline Days in bankruptcy

Delta 593
US Airways #1 232
US Airways #2 378 = 611
Northwest 624
Continental 876
United 1150
America West 1155

 

[USA320Pilot]

Kiplinger Letter (Airlines): February 3, 2012

No merger of Delta and American Airlines because of antitrust concerns. Delta's extensive route overlap with American would reduce competition and bring higher fares...reasons for rejection by the Justice Department's antitrust division. But, odds favor a pairing of American...now in bankruptcy...and US Airways. The merger will be the last among major U.S. carriers leading to more profits for the three remaining megacarriers: United, Delta, and US Airways-American. Will you see higher airfares as a result of the consolidation? Bet on it.

 

[BoeingBoy]

Gotta love the reporters. Less competition and higher fares are a sure-fire way to get the DOJ to stop a merger, but an AA-US merger would certainly lead to less competition and higher fares so is a certainty...

Jim

 

[signals]

Kiplinger Letter (Airlines): February 3, 2012

No merger of Delta and American Airlines because of antitrust concerns. Delta's extensive route overlap with American would reduce competition and bring higher fares...reasons for rejection by the Justice Department's antitrust division. But, odds favor a pairing of American...now in bankruptcy...and US Airways. The merger will be the last among major U.S. carriers leading to more profits for the three remaining megacarriers: United, Delta, and US Airways-American. Will you see higher airfares as a result of the consolidation? Bet on it.

I said that in #90.

 

[FlyUs]

Here are three key points in Reuters' article:

1. Some creditors want AMR management to explore other options that may lead to a better recovery of their claims, including a potential combination with another carrier.

2. While different creditors have different economic interests at stake, the sources said consensus is growing at the committee on the need to look at other alternatives.

3. Even labor unions, which traditionally do not like mergers because they come with job cuts, want to explore how a deal with a rival carrier would affect their members even though they may not necessarily favor it.

Click here to read the story.

Reports from BPR members indicate that in US Airways' last attempt to acquire United Airlines Doug Parker invited USAPA President Mike Cleary and Vice President Randy Mowrey to Tempe to meet in the "executive suite" with the company's officers. Parker presented Cleary and Mowrey with a new contract proposal of Delta + 1% in exchange for merger support, acceptance of the Nicolau Award as the SLI, and the CoC clause. Cleary and Mowrey took the offer and flew to CLT for the BPR's regularly scheduled quarterly meeting.

Before the BPR could act Jeff Smisek trumped US Airways' bid to merge with United and Continental merged with the Chicago-based carrier.

With the AFA TA in place, which I expect to be ratified, US Airways will eliminate another merger obstacle while the pilot's DJ lawsuit moves closer to conclusion (replies to the Summary Judgment are due to be filed in District Court on February 21, which is less than two weeks away).

In my opinion, if Parker elects to move forward he will buy labor support and go public with his labor offers. The deals will be industry leading contracts such as Delta + 1%. Parker has repeatedly told US Airways' employees this is the only way they can obtain industry leading contracts. Therefore, American Airlines' employees may have the option to accept management's term sheet, which could get worse if the unions do not agree to new contracts and the company keeps burning cash or limit their losses significantly by merging most likely with US Airways.

The SLI's would be covered by the MacCaskill-Bond amendment and for US Airways' pilots I suspect the Nicolau Award will be the list used in the next arbitration.

Why would you expect the US F/A TA to be ratified?? I haven't heard any support of it on the East. I don't even need to hear or read anymore about it.