Labor support? Just curious what kind of "support" they mean. Usually it means for labor to give to help a few management and investment types make a ton of money. It would be nice if they would be willing to give something in teturn.
US Airways Shares Slip Despite Merger Chance, Strong Demand
- Thread starter USA320Pilot
- Start date
Labor support? Just curious what kind of "support" they mean. Usually it means for labor to give to help a few management and investment types make a ton of money. It would be nice if they would be willing to give something in teturn.
Phoenix
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"As previously reported here at The Florida News Journal (TFNJ), rumors of U.S. Airways acquiring American Airlines are starting to increase and a recent spat of domain name purchases using the two companies combined name by an unknown entity could suggest the merger is a done deal."
The Florida News Journal Has Spoken!
A florida alligator could come up with something more persuasive.
cactusboy53
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This is just a guess, but I would imagine they are talking about the AA workforce. EVERYONE knows that LCC can not expect anything from the USAPIAN faithful. That ship hasn't sailed, heck it's still in dry dock.
You had a chance to get "something" in 2007, and then the AAA MEC pulled out of the JNC talks. USAPA promised a new contract with DOH in 90 days (that was four years ago). USAPA promised that the SnapBack was a slam dunk. Also not going to happen.
This airline is moving on with or without you. You pick if you are willing to move on or just take further delay (of the inevitable). One vote, one voice.
Phoenix
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cactusboy53
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Listerine preferred.
Phoenix
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Scope.
PullUp
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14B cash/stock; cancel new a/c orders; retire MD88's; eliminate Eagle; reduce route network by 5%; combined fleet 936 a/c.
I think Wall Street will bite.
Wall Street isn't who gets to vote on a proposed transaction. Sure, there are idiots who would gladly entrust Parker & Co. with billions of dollars, but that doesn't get Parker the votes he needs: the unsecured creditors committee and the judge. They're the ones who will vote on a plan of reorganization for AA, not Wall St. and not Doug Parker.
PullUp
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ok, by wall street I meant "investors and creditors" or those who have or will have a stake in saving or making money from this potential deal. Basically, anyone else besides the lowly employees, who really have no say in the matter. And the judge is just a rubber stamp.
Cheers.
WorldTraveler
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except the employees at AA are well represented on the creditor's committee. After years and years of AA and labor not being able to work together, AA now finds once again that labor has a significant say in AA's ability to reorganize - or what offers they would prefer to take if it comes down to selling the company.
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The judge is a referee to ensure the BK process proceeds as the law provides... but he is certainly no passive participant. Any number of companies can testify to how their BK judge changed the game from what they expected.
PullUp
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And the judge will side with whom?
Labor?
Give me a break!
Oh, you foolish child. Labor can whine and moan, but if the money wants it to happen, the judge will say 'make it so'.
The law will be bent to whatever outcome the money men want.
WorldTraveler
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The judge doesn't side with anyone. The judge doesn't care about whining and moaning. He does interpret law and ensure it is fairly applied.
I'm sorry if your distorted view is that the whole process is governed by money but this is a corporate restructuring where the intention is to return the company to a viable place. US laws do heavily side with business but they do not have carte blanche freedom to do as they please and steamroll over everyone else in the process.
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Of course what you and many others want is for Doug Parker's borrowed money will be more powerful than AA's creditors (of which labor does represent a significant portion).
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You and others at US will have to figure out your plan Z but there will be no one biting on any plan that involves a US takeover of AA.
The sooner you start dealing with that reality, the easier it will be to handle when you ultimately have to accept it.
