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LBO II SUX!
We will merge or possibly be bought out and this last piece of crap has no protection for that. Not even AL Blackman with 70 years seniority will be safe!!!
American Airlines: We’ve sent an NDA to US Airways
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By tmaxon
[email protected]
7:35 pm on July 27, 2012| Permalink
American Airlines informed employees Friday afternoon that it has kicked off the “strategic alternative” process by sending a non-disclosure agreement to US Airways.
US Airways is the only party publicly known to be interested in a deal with American. It has acknowledged since soon after American’s Nov. 29 bankruptcy filing that it wanted to merge with American.
Said American in its message to employees:
“As we have said previously, parties interested in our process to examine the full range of strategic alternatives will receive and be asked to sign an agreement governing the confidential exchange of information about our company.
“We developed that confidentiality agreement, known as a non-disclosure agreement, or “NDA,” in full collaboration with the creditors’ committee, to govern a fair and objective process of comparing all strategic alternatives. The agreement has been sent to US Airways for its review, and is being sent to others.
“As we move forward, it is our expectation that this process will be concluded confidentially so that all parties can protect their proprietary information and data.”
We do know that American is also interested in talking to JetBlue Airways Corp., Alaska Air Group Inc., Frontier Airlines Inc. and Virgin America Inc. about potential deals. We don’t know which of those companies are interested in talking to American
We will merge or possibly be bought out and this last piece of crap has no protection for that. Not even AL Blackman with 70 years seniority will be safe!!!
American Airlines: We’ve sent an NDA to US Airways
http://w.sharethis.c...check-small.pngcomments (0)
http://0.gravatar.co...mn.jpg?s=52&r=G
By tmaxon
[email protected]
7:35 pm on July 27, 2012| Permalink
American Airlines informed employees Friday afternoon that it has kicked off the “strategic alternative” process by sending a non-disclosure agreement to US Airways.
US Airways is the only party publicly known to be interested in a deal with American. It has acknowledged since soon after American’s Nov. 29 bankruptcy filing that it wanted to merge with American.
Said American in its message to employees:
“As we have said previously, parties interested in our process to examine the full range of strategic alternatives will receive and be asked to sign an agreement governing the confidential exchange of information about our company.
“We developed that confidentiality agreement, known as a non-disclosure agreement, or “NDA,” in full collaboration with the creditors’ committee, to govern a fair and objective process of comparing all strategic alternatives. The agreement has been sent to US Airways for its review, and is being sent to others.
“As we move forward, it is our expectation that this process will be concluded confidentially so that all parties can protect their proprietary information and data.”
We do know that American is also interested in talking to JetBlue Airways Corp., Alaska Air Group Inc., Frontier Airlines Inc. and Virgin America Inc. about potential deals. We don’t know which of those companies are interested in talking to American