Phoenix said:
And don't forget it was the America West pilots that put our company in a position to acquire American and preserve their jobs. And tell them they are welcome!
America West pilots were part of a company who pulled themselves out of bankruptcy which put the company in a position to acquire US Airways. It's called restructuring.
American had a plan.
Parker had a plan.
What was US Airways plan in 2004?
Headlines read.......
"And so far, there's no sign that a major new investor will step up to save the airline, as happened before."
"But the airline's future will hinge on a financing plan some experts called precarious, staked almost solely on limited cash reserves with no additional financing in sight or assets left to put up, according to documents unveiled yesterday."
Sep 12, 2004 - Mr. Lakefield said the airline had to seek bankruptcy protection so that it .... a move could quickly put the airline in liquidation, since investors were not likely to put money in the airline.
Who stepped to the plate?
"A longtime Phoenix lawyer and community leader, Richard Mallery, played a role in the high-profile public-private restructuring of bankrupt America West in the early 1990s and watched the airline go on to acquire US Airways....."
"The reverse takeover structure of the America West/US Airways merger was different than past mergers. Simply, America West purchased US Airways, but the US Airways brand remained dominant while Doug Parker became the CEO of the combined airline."
What was Lakefield's role in the merger with American?
How did America West pilots win the lottery when the risky acquisition of US Airways could have cost their jobs?
Oh wait....it happened but it was called a furlough.
Some lottery ticket.