We Are Now 'in Play'

[AP Tech]

No mention has been made if the current U stock would be tossed aside as of yet so don't count out Bronner !!!! I realize such is customary but in this company's case who knows anymore?

 

[usairways_vote_NO]

ignore this offer

Ever heard of a hostile takeover bid? If they are serious I am sure Bronner would dump this company in a minute and run with the cash anyway!!!!!

[post="245082"][/post]​

Bonner is going to lose it all when stock gone? Umm yeah ok

 

[funguy2]

She declined to disclose potential partners but said "all of the funds are coming from overseas."
I don't know if it would exceed the foreign ownership regulations anyway.

[post="245067"][/post]​

Foreign ownership laws require something like 51% voting control from the USA (for a public company), right? How would that work for a foriegn investment team to take an airline private? I don't know. But on the surface, this sounds very fishy.

 

[BoeingBoy]

speculation alert....

I think it's safe to say that Bronner would prefer that his stock stay intact. Whether he'll be willing to pony up a couple of hundred million dollars more to achieve that is anyone's guess - but it could be if he ends up with even a bigger share of the company.

Jim

 

[Imamec.itsmyfault]

And it's not your cash. It belongs to the creditors...they are contractually owed money. You may have a moral claim to the cash, but bankruptcy laws don't look at that.

[post="245090"][/post]​

[/quote]

Thanks bud, now I get it!

 

[BoeingBoy]

Foreign ownership laws require something like 51% voting control from the USA (for a public company), right? How would that work for a foriegn investment team to take an airline private? I don't know. But on the surface, this sounds very fishy.

[post="245114"][/post]​

The law requires no more than 49% foreign ownership and no more than 25% foreign control of a US air carrier (there was talk of changing the 25% limit - I don't think it happened but could be wrong)

When I first saw the ladies filing (See post here) I assumed she was representing some investment group. Now it appears that's not the case, and apparently she isn't familiar with the ownership laws.

Jim

 

[jimntx]

As long as the sales documents contain good ole Amurrican names and addresses as the buyers, I don't think the gummint cares where the cash comes from.

The Saudi royal family could be funding the entire purchase, but as long as they are not listed as majority stockholders or as having more than 25% of the voting rights, it's cool.

 

[delldude]

This just in.....

Pitts Post Gazette, Feb 3

Sallijo Freeman, owner of Kennesaw, Ga.-based Legal Research Inc., has filed a document with U.S. Bankruptcy Court Judge Stephen Mitchell expressing an "interest in the acquisition of US Airways.

read more here: http://www.post-gazette.com/pg/05034/451915.stm

And you thought it was going to be Mr. Virgin!

[post="245038"][/post]​

TOULOUSE, France, Jan 18 (Reuters) - Virgin Group [VA.UL] said on Tuesday it had reached a deal on financing a new low-cost airline venture in the United States, with a final agreement in the contract stages.
"It is agreed and it is in contractual stages," Virgin Group Chairman Richard Branson told reporters in France. He declined to provide further details or say who would be a major investor in the airline he hopes to have up and running this year.

duh...

 

[PITbull]

ignore this offer, I know management and the board will and have!

[post="245047"][/post]​

RSA and managment have nothing to say about it!

WE ARE IN BANKRUPTCY AND WE DO NOT CONTROL THESE TRANSACTIONS....THE CREDITORS DO!

If there is an offer that brings a "return on investment for these creditors who lost alot already.....the judge will have no choice but to approve.

Don't forget, U needs an infusion of cash to emerge from BK, and in the mean while, we have to try to stay in the "game".

 

[usfliboi]

Pitbull, Your incorrect. Management has a ton to say about it. The judge rules based on factual information. He has agreed with this management since day one. Dont be fooled in believing the judge doesnt take ALL information into it. The offer will not lead to anything!

 

[700UW]

Wrong, he sided with the pilots against the company in regard to the vested stock.

And like I said look at history, ATA and WN, EA and Midway, all cases where the judged ruled against deals that were made with the respective companies selling assets.

 

[zonecontroller]

Sallijo Freeman, owner of Kennesaw, Ga.-based Legal Research Inc., has filed a document with U.S. Bankruptcy Court Judge Stephen Mitchell expressing an "interest in the acquisition of US Airways

She Must Be Blond!

 

[usfliboi]

Once again, Ignore it. Wont happen! NEXT?

 

[mweiss]

Won't happen because...? :huh:

 

[PRINCESS KIDAGAKASH]

I'm suprised that Frank Lorenzo hasn't made a bid for U.S.AIRWAYS. Since Frank is George W.'s type of guy, he shouldn't have any problems being allowed to run an airline again. Lorenzo loves bankrupting airlines and stealing from their employees. He would be a perfect fit for U.S.Air.