jimcfs
Veteran
Just hit my inbox a couple of minutes ago... looks like the Tempe spin machine is wide open, going after us frequent fliers.
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Dear jimcfs
Dividend Miles #: #######
Member Since: 1987
2006 was certainly a busy year for the new US Airways, and no doubt for you, a member of our Preferred program. We’re now well into the new year and I’d like to give you a brief update on where we are with our proposed merger of US Airways and Delta Air Lines, and to tell you about a new means of ensuring that you are receiving the most accurate and up-to-date information about the merger.
As you know, on November 15 we announced our proposal and explained that the combined carrier would keep us flying to every destination the airlines serve today, provide a more secure future for the employees of Delta and US Airways with no layoffs of frontline employees and build on the US Airways predisposition to lower fares whenever possible.
Since that time, the Delta management team has chosen to rebuff our offer and pursue a path of emerging from bankruptcy as a stand-alone carrier.
Today, we announced that we’re increasing the terms of our Delta merger offer from $4.0 billion in cash and 78.5 million shares to $5.0 billion in cash and 89.5 million shares. This offer is set to expire on February 1, 2007 unless we see some serious movement toward certain conditions, such as starting due diligence.
We continue to believe that our merger proposal is far superior to the Delta stand-alone plan. Also, since our original proposal was presented, we have been talking a lot with Delta’s creditors and other interested parties. Based on what we’ve heard, we believe taking steps to increase our offer will help move this process forward.
In order to provide a platform to ensure that the facts of our offer remain visible we have launched a new website, buildingabetterairline.com, that contains the very latest information as this process continues. We will be updating the site daily, and invite you to bookmark the site and check back often to ensure that you’re getting facts and details. On the site you may also sign up to receive periodic
e-mails from us with updates as events unfold.
We believe that this merger is an outstanding opportunity for all involved including employees, shareholders, communities, and most certainly for our customers. Thank you again for your support of US Airways, and we look forward to the opportunity to serve you again soon.
With Warm Regards,
Scott Kirby
President
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Dear jimcfs
Dividend Miles #: #######
Member Since: 1987
2006 was certainly a busy year for the new US Airways, and no doubt for you, a member of our Preferred program. We’re now well into the new year and I’d like to give you a brief update on where we are with our proposed merger of US Airways and Delta Air Lines, and to tell you about a new means of ensuring that you are receiving the most accurate and up-to-date information about the merger.
As you know, on November 15 we announced our proposal and explained that the combined carrier would keep us flying to every destination the airlines serve today, provide a more secure future for the employees of Delta and US Airways with no layoffs of frontline employees and build on the US Airways predisposition to lower fares whenever possible.
Since that time, the Delta management team has chosen to rebuff our offer and pursue a path of emerging from bankruptcy as a stand-alone carrier.
Today, we announced that we’re increasing the terms of our Delta merger offer from $4.0 billion in cash and 78.5 million shares to $5.0 billion in cash and 89.5 million shares. This offer is set to expire on February 1, 2007 unless we see some serious movement toward certain conditions, such as starting due diligence.
We continue to believe that our merger proposal is far superior to the Delta stand-alone plan. Also, since our original proposal was presented, we have been talking a lot with Delta’s creditors and other interested parties. Based on what we’ve heard, we believe taking steps to increase our offer will help move this process forward.
In order to provide a platform to ensure that the facts of our offer remain visible we have launched a new website, buildingabetterairline.com, that contains the very latest information as this process continues. We will be updating the site daily, and invite you to bookmark the site and check back often to ensure that you’re getting facts and details. On the site you may also sign up to receive periodic
e-mails from us with updates as events unfold.
We believe that this merger is an outstanding opportunity for all involved including employees, shareholders, communities, and most certainly for our customers. Thank you again for your support of US Airways, and we look forward to the opportunity to serve you again soon.
With Warm Regards,
Scott Kirby
President
