DL has no interest in a merger w/ anyone and even they did it would never be w/ US.
Your right DL AND THE EMPLOYEES have no interest, but I bet AMEX and all the other SECURED DEBTORS HAVE AN INTREST IN GETTING THEIR MONEY !
USAirways to buy (merge) with Delta
- Thread starter javaboy
- Start date
jimntx
Veteran
Liar, Liar, Pants on Fire. I was told that lie before. "It's a dry heat. You won't feel it." The first time I was in PHX in August and it was 120 degrees in the shade, I FELT IT!
New thread...Which is better? A. Being an Aircraft painter. B. Being a manufacturer of a/c paint.
Flufdriver
Senior
- Aug 20, 2002
- 396
- 6
As an employee of LCC...I suggest this day in November 2006 "World Traveler" Day. The day the world stopped rotating for "WT". He was last seen walking aimlessly mumbleing something about..."This can't be". NOT US Airways!! Don't approve it creditors..Don't, my thousand points of light are steering me wrong. How can I face the next day knowing my beloved DAL is under attack!! Mommy, this can't be!!!!
WNrforlife
Senior
- Apr 17, 2003
- 444
- 3
Ho boy - this is gonna get interesting!!!
Delta -AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
Delta -AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
ThirdSeatHero
Veteran
How does DAL compare to USAir wage wise across the work groups???
Might the idea of more lost wages/benefits/seniority spur some work groups into panic organizing???
One things certain, this is gonna be fun to watch.
Might the idea of more lost wages/benefits/seniority spur some work groups into panic organizing???
One things certain, this is gonna be fun to watch.
If DL had a viable Exit strategy and had not been petitioning the courts for extensions this most likely would not be happening. But since they are not sure of where they are going I suspect the creditors will take the money and RUN!
aislehopper
Senior
- Aug 20, 2002
- 331
- 9
This is a brilliant move by Parker. If it works, he has DL outright.
If it does not work, it will cause DL, a competitor, to spend more to emerge from bankruptcy and have a potentially higher cost structure.
If you meet in the middle, it forces DL to begin negotiating with US or other airlines for partners. This could force consolidation and take seats out of play.
He comes out ahead anyway this breaks.
All in all, things are going to be busy at DL WHQ.
If it does not work, it will cause DL, a competitor, to spend more to emerge from bankruptcy and have a potentially higher cost structure.
If you meet in the middle, it forces DL to begin negotiating with US or other airlines for partners. This could force consolidation and take seats out of play.
He comes out ahead anyway this breaks.
All in all, things are going to be busy at DL WHQ.
Flufdriver
Senior
- Aug 20, 2002
- 396
- 6
I spotted "WT"!! I saw him walking into DAL HQ on the northside of ATL...he looked troubled.
Apparently, LCC doesn't really care what Grinstein thinks; it's going ahead with the plans anyway.
From today's N.Y. Times:
I guess "merger" is not the right word for it. L'il old LCC wants to buy DL outright, with the incompetent DL management team (you know, the ones that led DL into insolvency) kicking and screaming all the way. I would guess that for some of them, their days are numbered. (You wouldn't be in that group, would you, WT?)
LCC_#1
Veteran
- Nov 16, 2005
- 1,771
- 0
Folks, it's a new world in this industry. It is all about survival. If the bk. judge sees value in a US/DAL hook up, you can bet it will happen. All the whining in the world won't matter. All the screaming about the evil US Airways won't matter. This is about preserving as much of DAL as possible as it was with the old US Airways.
I find it laughable that everyone is so against US Airways buying DAL because of regulatory and overlapping issues, yet do any of you really think the potential size of DAL/UAL or DAL/NWA deal would just slide thru? Please.
Don't underestimate Doug Parker. He is smart and has a way of making things happen.
Regardless, I think I need a drink. :blink:
I find it laughable that everyone is so against US Airways buying DAL because of regulatory and overlapping issues, yet do any of you really think the potential size of DAL/UAL or DAL/NWA deal would just slide thru? Please.
Don't underestimate Doug Parker. He is smart and has a way of making things happen.
Regardless, I think I need a drink. :blink:
UnitedChicago
Veteran
- Aug 27, 2002
- 756
- 0
Hey WT - how does this fit in to Delta's NEW WORLD ORDER you love to lecture us all about?
You seem to think that Grinstein will have control and ability to say "no" to U. Don't you realize Grinstein doesn't have the control nor power to say "yea" or "ney"? Something tells me you're not having a good day today.
You seem to think that Grinstein will have control and ability to say "no" to U. Don't you realize Grinstein doesn't have the control nor power to say "yea" or "ney"? Something tells me you're not having a good day today.
robbedagain
Veteran
- Oct 13, 2003
- 11,125
- 2,676
according to cnn this takeover appears to be a hostile takeover as DP has taken it directly to the credit share holders. question is with the offer of 4 million adn 78.5 shares of the new airline will the share holders reject or take it and run? my guess is that they would take it
United,
You pretty much make the key point. As DL's execs all said in trying to avoid bankruptcy (Mullin & Grinstein both), the reason to avoid was that you lose control. Parker gave Jerry the chance to negotiate, now Parker is playing hardball which seems to suggest this is no bluff. By going public and being willing to take this to the creditors, he's definitely put the ball firmly in Jerry's court to come up with a compelling reason to let him and the rest of the execs to stay in control of DL's destiny. I still believe we'll see some competing offers. What I would hate to see is a break up of DL as I think it's a good franchise that has been poorly run (and in some cases continues to be).
I think we'll get to see how serious Tilton is about consolidation. I think we'll also see how confident NW is in their plan to emerge sucessfully. Lastly, we may get some insight into What CO & AA plan to do long term.
You pretty much make the key point. As DL's execs all said in trying to avoid bankruptcy (Mullin & Grinstein both), the reason to avoid was that you lose control. Parker gave Jerry the chance to negotiate, now Parker is playing hardball which seems to suggest this is no bluff. By going public and being willing to take this to the creditors, he's definitely put the ball firmly in Jerry's court to come up with a compelling reason to let him and the rest of the execs to stay in control of DL's destiny. I still believe we'll see some competing offers. What I would hate to see is a break up of DL as I think it's a good franchise that has been poorly run (and in some cases continues to be).
I think we'll get to see how serious Tilton is about consolidation. I think we'll also see how confident NW is in their plan to emerge sucessfully. Lastly, we may get some insight into What CO & AA plan to do long term.
TheWatcher
Senior
- Aug 26, 2002
- 342
- 0
I find all of this interesting. Delta was waiting and wishing for US Airways to collapse not so long ago and now look at the turn of events..........
luv2fly
Veteran
- Aug 21, 2002
- 1,187
- 0
"The bankruptcy court has granted Delta the exclusive right to create the plan of reorganization until Feb. 15, 2007. We will continue to move aggressively towards that goal," he added in the statement."
Exclusive rights, as it has been explained to me be a bk attorney, means that DL will be able to present its reorganization by mid February as planned. If Delta's plan is ultimately deemed viable and fair it would be the one approved by the court.
Also see the following link.link
Exclusive rights, as it has been explained to me be a bk attorney, means that DL will be able to present its reorganization by mid February as planned. If Delta's plan is ultimately deemed viable and fair it would be the one approved by the court.
Also see the following link.link
