BoeingBoy
Veteran
- Nov 9, 2003
- 16,512
- 5,865
- Banned
- #39,706
Yeah, seems they put a gun to the FL head.
Legally, FL could have said "no" and insisted on arbitration. Personally I think that would have been a mistake - arbitrators have looked almost exclusively at the balance of equities for the last 2 decades and in some cases longer than that. In other words, they generally don't like to see one side getting all the benefits of a merger and give that side the seniority integration most favorable to it too. Sound familiar?
Plenty of talk about APA and Parker walking around USAPA.........
I have absolutely no idea what AA's internal timetable for their bankruptcy is - exit this year? Next? But Parker sure seems to want a merger to happen fast - or at least as fast as AA can get out of bankruptcy. I think that if he were able to he'd present his POR to the UCC tomorrow. And I doubt that he wants a merger held up for 2-3-4 years by lawsuits. So the safest and fastest course for him is to insist on integrating the Nic with the APA list.
Jim