2015 Pilot Discussion.
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snapthis
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Slogans will not get you very far when confronted with the facts. All I have to do is point at the mini-arb granting the West pilots a seat.luvthe9 said:
I see that you are well prepared for the upcoming presentation. Good luck....
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Obviously I had nothing better to do with my Saturday nite. Welcome back.!EastCheats said:
luvthe9
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"So, unfortunately, we wouldn’t garner this kind of interest if we were seeking funding for America West "as is."
The June 10, 2005 issue of "Plane Deal", an AWA publication, touted some of the benefits of joining fleet forces:
When merged, the combined airline will become the nation’s 5th larges airline, as measured by domestic available seat miles (ASMs). The combined airline is expected to operated a mainline fleet of 361 planes (supported by 239 regional jets and 57 turbo props for feed into the mainline system), down from a total of 419 mainline aircraft operated by both airlines at the beginning of 2005….19
In the context of a "Town Hall" Q&A , the company noted the prospect of a combined airline was more enticing to investors:
"The money is being raised for the combined airline, because investors see the value in the merged entity. Frankly, airlines in their current state don’t look appealing to investors, who are savvy to know industry change needs to take place. The proposed merger represents the kind of change that investors believe will be successful. So, unfortunately, we wouldn’t garner this kind of interest if we were seeking funding for America West "as is."20"
The June 10, 2005 issue of "Plane Deal", an AWA publication, touted some of the benefits of joining fleet forces:
When merged, the combined airline will become the nation’s 5th larges airline, as measured by domestic available seat miles (ASMs). The combined airline is expected to operated a mainline fleet of 361 planes (supported by 239 regional jets and 57 turbo props for feed into the mainline system), down from a total of 419 mainline aircraft operated by both airlines at the beginning of 2005….19
In the context of a "Town Hall" Q&A , the company noted the prospect of a combined airline was more enticing to investors:
"The money is being raised for the combined airline, because investors see the value in the merged entity. Frankly, airlines in their current state don’t look appealing to investors, who are savvy to know industry change needs to take place. The proposed merger represents the kind of change that investors believe will be successful. So, unfortunately, we wouldn’t garner this kind of interest if we were seeking funding for America West "as is."20"
luvthe9
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"Plan of Merger dated as of May 19, 2005, as amended (the "Merger Agreement"), among US Airways Group, America West Holdings and Barbell Acquisition Corp., a wholly owned subsidiary of US Airways Group ("Barbell"), Barbell merged with and into America West"
US Airways Group Inc, et al. · 8-K · For 9/27/05
Filed On 10/3/05 5:03pm ET · SEC Files 1-08442, 1-08444 · Accession Number 950144-5-10017
Item 1.01 Entry into a Material Definitive Agreement
On September 27, 2007, US Airways Group, Inc. (“US Airways Group”) consummated the transactions contemplated by its plan of reorganization, including its previously announced merger transaction with America West Holdings Corporation (“America West Holdings”). As a result of the merger, America West Holdings became a wholly owned subsidiary of US Airways Group.
In connection with the consummation of these transactions, on September 27, 2005, each of ACE Aviation Holdings Inc. (“ACE”), Eastshore Aviation, LLC (“Eastshore”), Par Investment Partners, L.P. (“Par”), Peninsula Investment Partners, L.P. (“Peninsula”), a group of investors under the management of Wellington Management Company, LLP (collectively, “Wellington”) and Tudor Proprietary Trading, L.L.C. and a group of investors for which Tudor Investment Corp. acts as investment adviser (collectively, “Tudor”, and together with ACE, Eastshore, Par, Peninsula and Wellington, the “Equity Investors”), entered into a stockholders agreement with US Airways Group. The stockholders agreements provide that, subject to certain exceptions, each Equity Investor agrees not to transfer any of the shares of US Airways Group common stock acquired pursuant to the investment agreements until six months following the closing under the investment agreements and that US Airways Group will provide certain customary registration rights to the Equity Investors, including payment of certain fees if US Airways Group is not able to cause a registration statement to become effective in the agreed upon time period. The ACE, Par and Eastshore stockholders agreements also provide for the appointment of individuals designated by each of those Equity Investors to be appointed to the board of directors of US Airways Group on September 29, 2005, the date which is two business days after the effective time of the merger, for a three-year term. The ACE stockholders agreement provides that (i) for so long as ACE holds at least 66.67% of the number of shares of US Airways Group common stock acquired pursuant to its investment agreement (the “ACE director threshold”), ACE will be entitled to designate a director nominee for successive three-year terms and (ii) if ACE falls below the ACE director threshold, ACE will cause its director designee to resign from the board of directors. In the case of the Equity Investors other than ACE which were entitled to designate a director to the board of directors of US Airways Group, the applicable stockholders agreements provide that (i) for so long as that Equity Investor holds at least 35% of the number of shares of US Airways Group common stock acquired pursuant to its investment agreement (the “designating investor threshold”), that Equity Investor will be entitled to designate a director nominee for successive three-year terms and (ii) if any such Equity Investor falls below the designating director threshold, the designee of that Equity Investor will serve the remainder of that designee’s term as a director, but that Equity Investor will no longer have the right to designate a director nominee under the stockholders agreement.
This description of the stockholders agreements is qualified in its entirety by reference to the full text of the stockholders agreements, copies of which are attached as Exhibits 10.1 — 10.6 to this Current Report on Form 8-K.
US Airways Group Inc, et al. · 8-K · For 9/27/05
Filed On 10/3/05 5:03pm ET · SEC Files 1-08442, 1-08444 · Accession Number 950144-5-10017
Item 1.01 Entry into a Material Definitive Agreement
On September 27, 2007, US Airways Group, Inc. (“US Airways Group”) consummated the transactions contemplated by its plan of reorganization, including its previously announced merger transaction with America West Holdings Corporation (“America West Holdings”). As a result of the merger, America West Holdings became a wholly owned subsidiary of US Airways Group.
In connection with the consummation of these transactions, on September 27, 2005, each of ACE Aviation Holdings Inc. (“ACE”), Eastshore Aviation, LLC (“Eastshore”), Par Investment Partners, L.P. (“Par”), Peninsula Investment Partners, L.P. (“Peninsula”), a group of investors under the management of Wellington Management Company, LLP (collectively, “Wellington”) and Tudor Proprietary Trading, L.L.C. and a group of investors for which Tudor Investment Corp. acts as investment adviser (collectively, “Tudor”, and together with ACE, Eastshore, Par, Peninsula and Wellington, the “Equity Investors”), entered into a stockholders agreement with US Airways Group. The stockholders agreements provide that, subject to certain exceptions, each Equity Investor agrees not to transfer any of the shares of US Airways Group common stock acquired pursuant to the investment agreements until six months following the closing under the investment agreements and that US Airways Group will provide certain customary registration rights to the Equity Investors, including payment of certain fees if US Airways Group is not able to cause a registration statement to become effective in the agreed upon time period. The ACE, Par and Eastshore stockholders agreements also provide for the appointment of individuals designated by each of those Equity Investors to be appointed to the board of directors of US Airways Group on September 29, 2005, the date which is two business days after the effective time of the merger, for a three-year term. The ACE stockholders agreement provides that (i) for so long as ACE holds at least 66.67% of the number of shares of US Airways Group common stock acquired pursuant to its investment agreement (the “ACE director threshold”), ACE will be entitled to designate a director nominee for successive three-year terms and (ii) if ACE falls below the ACE director threshold, ACE will cause its director designee to resign from the board of directors. In the case of the Equity Investors other than ACE which were entitled to designate a director to the board of directors of US Airways Group, the applicable stockholders agreements provide that (i) for so long as that Equity Investor holds at least 35% of the number of shares of US Airways Group common stock acquired pursuant to its investment agreement (the “designating investor threshold”), that Equity Investor will be entitled to designate a director nominee for successive three-year terms and (ii) if any such Equity Investor falls below the designating director threshold, the designee of that Equity Investor will serve the remainder of that designee’s term as a director, but that Equity Investor will no longer have the right to designate a director nominee under the stockholders agreement.
This description of the stockholders agreements is qualified in its entirety by reference to the full text of the stockholders agreements, copies of which are attached as Exhibits 10.1 — 10.6 to this Current Report on Form 8-K.
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We will tell them "each merger resolves on its own merits".... And since the NIC was never implemented, and so much has transpired, and no contract evolved to invoke the NIC. It becomes mute.snapthis said:
And we believe the 3 lists mentioned in the MOU should be merged in this order and here is why.
That's what we will tell them....
APA will tell them that the 3 lists at the MOU should be ordered in this way, and here is why...
Then the west will say....we want the unabridged NIC, bone the east, we don't care about the APA furlough's they brought nothing to the party, put them under us, we want to override the "no bump/no flush" provision, grant all west pilots there rightful place as captains....
And the arbs will toil........and about 6months later we will have a ISL that no one can question or denounce....it will be federal law...you will accept it and implement it. Your only other option will be to quit....
Sounds pretty simple to me....
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Alert...!
Westy's.... You might need to get over to APA's CnR and note some posts by a captain and F/o.... On the NIC lotto winners want to cash in now thread.....
Possible intervention via a wingman is necessary... I left out names because this is a legit hope to help them, not a BS rub against them...
I hope all goes well for them, but I believe a meltdown is occurring.....
Westy's.... You might need to get over to APA's CnR and note some posts by a captain and F/o.... On the NIC lotto winners want to cash in now thread.....
Possible intervention via a wingman is necessary... I left out names because this is a legit hope to help them, not a BS rub against them...
I hope all goes well for them, but I believe a meltdown is occurring.....
traderjake
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What's 10 posts in a row in 10 minutes a sign of?
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Retreat!
I see that Trank tows the Uscaba line and retreats to the safety on saying he's not a Usapian. It's safe, when Ucrapa gets their a$$ handed to them, he thinks he can wash his hands of being associated with that scum.
I see that Trank tows the Uscaba line and retreats to the safety on saying he's not a Usapian. It's safe, when Ucrapa gets their a$$ handed to them, he thinks he can wash his hands of being associated with that scum.
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A sign of nothing better to do.... Got an upgrade yet?traderjake said:
snapthis said:
That won't be necessary. We will just ask them why there are three of them there now. And why did United/Continental and NWA/Delta all have three arbitrators. The entire industry recognizes what a screwup Nicolau is.
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