USAir and Delta....no go!

[abe]

This deal is done....as in no way, no how.

There are a few combinations of carriers that might make sense, but USAirways and Delta together makes no sense. For all of you out there that think that the "money folks" will give this the green light, you are mistaken.

The Real "big money" is solidly behind the current Delta management (and employees)......and this deal is already dead!

In the coming days and weeks you will see this whole thing disintegrate...mark my word.

To the employees of Delta and USairways...good luck in the future, APART!

To the crazy people on this board who think this deal will happen...don't hold your breath!

This deal has NO CHANCE!


Abe

 

[whodoiworkfor]

As a PHX based US guy I HOPE you are right. We FA's are as much against this as ya'all are. Our current mangement cannot run an airline the current size and they want to grow. Good luck and you are much better off without US.

 

[PhxMama]

This deal is done....as in no way, no how.

There are a few combinations of carriers that might make sense, but USAirways and Delta together makes no sense. For all of you out there that think that the "money folks" will give this the green light, you are mistaken.

The Real "big money" is solidly behind the current Delta management (and employees)......and this deal is already dead!

In the coming days and weeks you will see this whole thing disintegrate...mark my word.

To the employees of Delta and USairways...good luck in the future, APART!

To the crazy people on this board who think this deal will happen...don't hold your breath!

This deal has NO CHANCE!
Abe

I thought the BIG money was being put up by outside investors. If they are willing to put up 4 BILLION dollars than it looks like the $$$ is in DP's corner. Will the creditors want some of that money? Time will tell.

 

[GSEMAN]

This deal is done....as in no way, no how.

There are a few combinations of carriers that might make sense, but USAirways and Delta together makes no sense. For all of you out there that think that the "money folks" will give this the green light, you are mistaken.

The Real "big money" is solidly behind the current Delta management (and employees)......and this deal is already dead!

In the coming days and weeks you will see this whole thing disintegrate...mark my word.

To the employees of Delta and USairways...good luck in the future, APART!

To the crazy people on this board who think this deal will happen...don't hold your breath!

This deal has NO CHANCE!
Abe

If you have some facts to back up this opinion, please post them

 

[wings396]

This deal is done....as in no way, no how.

There are a few combinations of carriers that might make sense, but USAirways and Delta together makes no sense. For all of you out there that think that the "money folks" will give this the green light, you are mistaken.

The Real "big money" is solidly behind the current Delta management (and employees)......and this deal is already dead!

In the coming days and weeks you will see this whole thing disintegrate...mark my word.

To the employees of Delta and USairways...good luck in the future, APART!

To the crazy people on this board who think this deal will happen...don't hold your breath!

This deal has NO CHANCE!
Abe

And your knowledge and facts are based on??? I can only assume that you must be one of DL's creditors, who actually has any say in this matter. Get a grip here pal, what you want and what happens are 2 different things.

 

[abe]

And your knowledge and facts are based on??? I can only assume that you must be one of DL's creditors, who actually has any say in this matter. Get a grip here pal, what you want and what happens are 2 different things.

Oh, you mean I have to base my post on some sort of knowledge or facts? I've been lurking on this board for years and I rarely read anything that is backed up by facts!

I am not an insider, but I'm familiar enough with some of the bigger players in all of this to know that this deal won't happen.

The creditors (and Delta management) were legally obligated to hear the presentation....they've officially heard it....and now this thing will just fade away.

What do you base your facts on wings? The latest USA Today story? Do you even know who is on the creditors committee?

Cheers,

Abe

 

[PHLfa88]

As a PHX based US guy I HOPE you are right. We FA's are as much against this as ya'all are. Our current mangement cannot run an airline the current size and they want to grow. Good luck and you are much better off without US.

Well THIS F/A IS For It! Speak For Yourself!! :blink:

 

[USCREW]

Well THIS F/A IS For It! Speak For Yourself!! :blink:

Me too!
I definitely think that it's a done deal...not based on any facts--just gut feeling.

 

[JohnHenry]

Oh, you mean I have to base my post on some sort of knowledge or facts? I've been lurking on this board for years and I rarely read anything that is backed up by facts!

I am not an insider, but I'm familiar enough with some of the bigger players in all of this to know that this deal won't happen.

The creditors (and Delta management) were legally obligated to hear the presentation....they've officially heard it....and now this thing will just fade away.

What do you base your facts on wings? The latest USA Today story? Do you even know who is on the creditors committee?

Cheers,

Abe

Delta's unsecured creditors include bondholders, suppliers and Delta's pilots union, all of whose bankruptcy claims are not secured by tangible assets such as planes.

Two of the biggest holders are Boeing and The Bank of New York with a combined unsecured credit around 7 billion. I think the pilots are somewhere around 800 million.

A lot of money here to just fade away.

 

[wings396]

Oh, you mean I have to base my post on some sort of knowledge or facts? I've been lurking on this board for years and I rarely read anything that is backed up by facts!

I am not an insider, but I'm familiar enough with some of the bigger players in all of this to know that this deal won't happen.

The creditors (and Delta management) were legally obligated to hear the presentation....they've officially heard it....and now this thing will just fade away.

What do you base your facts on wings? The latest USA Today story? Do you even know who is on the creditors committee?

Cheers,

Abe

I am not the one saying that the deal is dead, nor am I saying that it will go thru. You on the other hand seem to have some type of "Inside" knowledge by knowing the end result already prior to any public announcement. You are doing nothing more than taking a shot in the dark with your posting. If you are a DL employee, what do you care who runs the Airline as long as you get a paycheck???
You can't be foolish enough to support the clowns that have been trying to run Delta for the last 5+ years, can you? I'm glad to see that you have been "Lurking" the boards for years now, too bad you decided to kick-off your posting career with a Bafoon topic..

 

[BottomFeeder]

The creditors (and Delta management) were legally obligated to hear the presentation....they've officially heard it....and now this thing will just fade away.

Abe

You must be the #1 employee

Always
believe
everything

regardless of the facts

 

[wings396]

Newsflash!!! Stop the presses, Abe officially calls the deal off.. :blink:
Please give Grinstien a call, as I'm sure he will be thrilled with the news. And please tell all of the DL employees that they can now trash those stupid buttons, as they seem to have done the trick...

I fondly remember the days when this board required a membership in order to post. Now we have all types experts posting here......

 

[abe]

Newsflash!!! Stop the presses, Abe officially calls the deal off.. :blink:
Please give Grinstien a call, as I'm sure he will be thrilled with the news. And please tell all of the DL employees that they can now trash those stupid buttons, as they seem to have done the trick...

I fondly remember the days when this board required a membership in order to post. Now we have all types experts posting here......

Wow...might want to get your blood pressure checked, wings. Or at least have a drink!


Last I checked this was a message board...basically a bunch of anonymous "experts" spouting off things they may know nothing about. I never claimed to be an insider (in fact, I said I wasn't), but my "guess" is just as good as yours about what will happen.

As someone responded above, the creditors committee is comprised of 9 people/companies. They include Boeing, Pratt and Whitney, Coke, the PBGC, Alpa, 2 banks, a hedgefund, and a Fidelity mutual fund.

We know how one of these feels about Parker's plan...the DALPA MEC Chairman has come out against it. Their claim is only worth 2.1B...definitely not the largest, but not the smallest either. In any case, not enough horsepower to stop this thing from happening.

My bet/guess/prediction is that the other big players are mostly on board with Delta management. Why do I think this? Because this deal has been talked about for months behind closed doors. Jerry and the boys knew the deal and the creditors knew the deal. Maybe not the exact numbers, but they knew Parker wanted to talk and that a merger was possible.

Instead of hitting speed dial to PHX and setting up a meeting right away, they said thanks, but no thanks. That snubbing wasn't just from Jerry for all these months, it was from the creditors committee as well.

Now this thing hits the papers because Parker is desperate. Best case scenario is that he gets a big deal and forms this huge airline (with overlapping route structures, a hodgepodge of a/c types, and with the 2 biggest hubs 250 miles apart. My 5 year old daughter could see that it doesn't make sense). Worst case (for him) is that he made it more expensive for Delta (one of his biggest competitors) to emerge from BK. It's a win/win for Parker (and a smart move IMO to try this deal...he has nothing to lose!)

The deal looks great now...some small creditors like it, but the big ones are keeping silent so far. Why? Because they know that there will be at least one other choice...and maybe more. The one that is certain is from Grinstein and company. It will be just as good or better, and the creditors will get their cash sooner (the merger scenario will keep Delta in BK for another year or 2....The stand alone plan will have Delta out next year sometime).

Many of the big players on that committee are long term partners with Delta (Pratt/Boeing/Coke/Alpa). Delta has an all Boeing fleet with orders for dozens more in the next 3 years. Pratt and Whitney is Delta's engine of choice with almost 300 of their a/c having Pratts. Coke is based in Atlanta and has had ties to Delta for over half a century.

More importantly these big money creditors have approved of what has happened so far in this bankruptcy....they see the changes that are taking place....and they are here for long term money, not short term gains. In the end, they will choose Jerry's plan.



This is all my opinion. To repeat, I am not an insider. I'm a schmuck on a computer just like you.


It sure was fun seeing you get all worked up when I posted that the "deal is done", but please don't take this stuff too seriously. You and I don't have a say anyway. Just take a deep breath, walk to your kitchen, and mix another drink.


Cheers,


Abe
...heading for the kitchen

 

[luv2fly]

A lot of money here to just fade away.

Money won't fade, but the creditors just might like DL's plan better.

 

[bigbusdrvr]

Money won't fade, but the creditors just might like DL's plan better.

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you are absolutely correct!! if the money delta mgt.offers is better than usairs, they will like it better and take it. that is what some dont understand...it doesnt make a difference what the employees think. "show the creditors the money" they have shareholders to answer to.