[sub]Yeah, my friend in scheduling just emailed me the same details. Horton as non-exec chairman for a brief time and will depart post merger. Parker as CEO. Deal to be announced predawn Thursday with calls at around 730am. Afternoon presentation at DFW. [/sub]
Merger News
- Thread starter chellow
- Start date
Ronin
Member
- Aug 15, 2012
- 16
- 9
We’ve almost got that American Airlines-US Airways merger wrapped up
Please fasten your seat belts and hang on: We’ll have full details on the American Airlines-US Airways merger Thursday, but the airline boards are taking care of business Wednesday afternoon.
We are working on our story saying that American Airlines and US Airways will announce their merger Thursday. Bloomberg reported mid-afternoon Wednesday a deal has been worked out to be presented to the respective boards of directors, and that the boards are meeting to approve the agreement.
From what we’ve heard from people who know, it looks like this is the way it’ll go down:
– 72 percent for AMR creditors and other interests, 28 percent for US Airways shareholders.
– Doug Parker will be the chief executive officer.
– Tom Horton will be the non-executive chairman, for only a limited period before he departs post-merger.
– The plan is to announce the deal in the pre-dawn hours Thursday, followed by a 7:30 a.m. CST call with the analyst community, a Dallas/Fort Worth International Airport press conference in mid-morning, a 1 p.m. Dallas/Fort Worth Airport presentation to AA employees, with the video and audio broadcast to other locations.
– After that Parker and his entourage will return to Phoenix to meet with US Airways employees.
Please fasten your seat belts and hang on: We’ll have full details on the American Airlines-US Airways merger Thursday, but the airline boards are taking care of business Wednesday afternoon.
We are working on our story saying that American Airlines and US Airways will announce their merger Thursday. Bloomberg reported mid-afternoon Wednesday a deal has been worked out to be presented to the respective boards of directors, and that the boards are meeting to approve the agreement.
From what we’ve heard from people who know, it looks like this is the way it’ll go down:
– 72 percent for AMR creditors and other interests, 28 percent for US Airways shareholders.
– Doug Parker will be the chief executive officer.
– Tom Horton will be the non-executive chairman, for only a limited period before he departs post-merger.
– The plan is to announce the deal in the pre-dawn hours Thursday, followed by a 7:30 a.m. CST call with the analyst community, a Dallas/Fort Worth International Airport press conference in mid-morning, a 1 p.m. Dallas/Fort Worth Airport presentation to AA employees, with the video and audio broadcast to other locations.
– After that Parker and his entourage will return to Phoenix to meet with US Airways employees.
Complete rubbish. Whenever someone disagrees with you in the slightest or criticizes USAIR you resort to personal attacks. You do the same to other posts-WT and FA Mikey whenever they post something you don't like or disagree with. This is a forum where people exchange thoughts, ideas, and opinions. If you don't like what I post, skip over them or opt-in to ignore my posts as instructed above.
Josh
Super FLUF
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- Jun 10, 2011
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wings396
Veteran
- Aug 20, 2002
- 3,672
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Ok, Mr Firestarter. I suppose the ongoing pissing match that you have going on with 700 doesn't fall in that catagory. You rarely miss a chance to blast the IAM or US, which is blatantly obvious by your childish avatar. Guess that you will have to change that now big boy. Have your nuts grown enough yet to tell us all which wonderful company your employed by?
Yea, that's what I thought. Run along now, I'm sure that your parents are calling you for dinner.
BTW, those that you have attempted to pull into your corner will all be officially proven wrong first thing in the morning.
Yea, that's what I thought. Run along now, I'm sure that your parents are calling you for dinner.
BTW, those that you have attempted to pull into your corner will all be officially proven wrong first thing in the morning.
"Tom Horton will be the non-executive chairman, for only a limited period before he departs post-merger."
Poor Tom.
A "position" created to save face, but everyone knows better. Ass kicked to the curb, engineered by a bunch of labor bricks and cost units.
Bye Bye Butterface Tom.
Yes it is. It's all over the Internet as well. AMR creditors and both boards approved merger. Good luck to all of you in integration nego's.
eolesen
Veteran
- Jul 23, 2003
- 15,988
- 9,428
You are probably right but he seems to know how to run an airline unlike the 3 clowns we have had here since Crandall left
Super FLUF
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- Jun 10, 2011
- 313
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Maybe so, but at least this guy can manage an airline! As opposed to the last 3 idiots we had here at AA. Send them all out. Here in flight service, all we need to keep is Carvata in ORD. Other than that , most are expendable. Get rid of anyone in HDQ that had no spine and was unwilling to speak the truth about anything. Especially anyone who thinks the new logo and livery are " refreshing, noteworthy and generational". They are just as lost as Tommy boy and his kids art project on the tail.
By the way, Tommy boy has been laughing all the way to the bank since he and his gang of thieves have been getting bonuses for losing money hand over fist. This would be no different. If he had any integrity, he would quit and go work at Walmart to utilize his vast talents. Although they probably wouldn't hire him anyway.
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