2015 Pilot Discussion.

[end_of_alpa]

 
 
Sept 26, 2007 does not change facts concerning  the acquisition in 2005.
 

UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS​

     US Airways Group, Inc. (“US Airways Group”) is accounting for the merger, which occurred on September 27, 2005, as a “reverse acquisition” using the purchase method of accounting in conformity with accounting principles generally accepted in the United States of America. Although the merger was structured such that America West Holdings Corporation (“America West Holdings”) became our wholly owned subsidiary at closing, America West Holdings is treated as the acquiring company for accounting purposes under SFAS No. 141, “Business Combinations” due to the following factors: (1) America West Holdings’ stockholders received the largest share of US Airways Group’s common stock in the merger in comparison to the unsecured creditors of US Airways Group; (2) America West Holdings received a larger number of designees to the board of directors; and (3) America West Holdings’ Chairman and Chief Executive Officer prior to the merger became the Chairman and Chief Executive Officer of the combined company. The following unaudited pro forma condensed combined statements of operations for the year ended December 31, 2004 and nine months ended September 30, 2005 are based on the historical consolidated financial statements of US Airways Group and on the historical consolidated financial statements of America West Holdings, included in US Airways Group’s and America West Holdings’ respective Annual Reports on Form 10-K for the year ended December 31, 2004 and US Airways Group’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2005, giving effect to the merger and other transactions that were effective upon completion of the merger.
 

You interpret this statement as if, somehow, AWA BOUGHT US Airways.  You are wrong.  READ IT AGAIN.  For ACCOUNTING purposes, (as opposed to using CASH TO OUTRIGHT BUY) these are the reasons AWA is listed as the acquiring carrier.  HOWEVER, US Airways GROUP is the LEGAL ACQUIRER.  AWA stock had to be accounted for for the merged company.  However, AWA had NO MONEY to "buy" US Airways.  It was the MERGED COMPANY that brought the cash from outside investors.  THOSE ARE THE FACTS.  
 
Thank you for posting what I have said for many years with you guys but you don't seem to get it, or you TWIST the meaning just like you're doing here.  Doug explained this very well in a crew news session but you just can't bring yourself to reality.

 

[snapthis]

You interpret this statement as if, somehow, AWA BOUGHT US Airways.  You are wrong.  READ IT AGAIN.  For ACCOUNTING purposes, (as opposed to using CASH TO OUTRIGHT BUY) these are the reasons AWA is listed as the acquiring carrier.  HOWEVER, US Airways GROUP is the LEGAL ACQUIRER.  AWA stock had to be accounted for for the merged company.  However, AWA had NO MONEY to "buy" US Airways.  It was the MERGED COMPANY that brought the cash from outside investors.  THOSE ARE THE FACTS.  
 
Thank you for posting what I have said for many years with you guys but you don't seem to get it, or you TWIST the meaning just like you're doing here.  Doug explained this very well in a crew news session but you just can't bring yourself to reality.

 
Pure comedy.
 
No, thank you for posting. Your argument does not even pass the logic test....
 
I don't need to interpret the obvious. Are you trying to suggest that US Airways pulled itself out of bankruptcy which was filed only months prior to the acquisition by America West? Your spin is an attempt to put your side in a better position than it was at the time your company was acquired. It was Parker who engineered the deal and the creditors invested in his plan.
 
 
 

US Air files Chapter 11

Talks with labor unions for $800 million in concessions go nowhere.
September 13, 2004: 9:14 AM EDT


NEW YORK (CNN/Money) - US Airways Group filed for bankruptcy protection Sunday for the second time in two years.

The Chapter 11 filing in the U.S. Bankruptcy Court in Alexandria, Va., came after the airline was unable to obtain $800 million in annual cost cuts from its workers' unions. The airline had warned during talks the concessions were needed to avoid the bankruptcy filing.

"Customers should not notice any changes to flight operations or customer service because of this filing," the airline said in a statement on its Web site. "All bookings will be honored and there are no changes to our ticketing policies."

 
A spokesman for US Air said Monday that the airline was operating as scheduled before the filing.

Bruce Lakefield, US Airways' president and chief executive, said in a statement released Sunday that failure to obtain concessions heightened the need for the company, the seventh largest airline, to conserve its cash and proceed with its plans to overhaul the business and become a low cost carrier.

US Airways said it needed to cut costs by $1.5 billion in order to make its business to operate more like its discount rivals. The centerpiece of the cost-cutting blueprint, which it had hoped to get voluntarily, was $800 million in concessions from labor unions.

But the airline failed to get another penny from pilots, flight attendants, mechanics and other unions, who yielded nearly $2 billion to help the company out of its first bankruptcy.

"We have made the difficult but necessary decision to complete this process with the help of the court," Lakefield said. A Chapter 11 bankruptcy proceeding gives a company protection from its creditors while it reorganizes its business operations under court supervision.....
 
As of September 27, 2005, US Airways Group, Inc. was acquired by America West Holdings Corp. in a reverse merger transaction. US Airways Group, Inc., through its subsidiaries, operates a network air carrier. Its subsidiary, US Airways, Inc. (US Airways) engages in the transportation of passengers, property, and mail. As of December 31, 2004, its subsidiary operated 281 jet aircraft and 22 regional jet aircraft; and provided scheduled service at 89 airports in the continental United States, Canada, Mexico, France, Germany, Italy, Spain, Ireland, the Netherlands, the United Kingdom, and the Caribbean. The company is headquartered in Arlington, Virginia


 

 

[EastCheats]

You interpret this statement as if, somehow, AWA BOUGHT US Airways.  You are wrong.  READ IT AGAIN.  For ACCOUNTING purposes, (as opposed to using CASH TO OUTRIGHT BUY) these are the reasons AWA is listed as the acquiring carrier.  HOWEVER, US Airways GROUP is the LEGAL ACQUIRER.  AWA stock had to be accounted for for the merged company.  However, AWA had NO MONEY to "buy" US Airways.  It was the MERGED COMPANY that brought the cash from outside investors.  THOSE ARE THE FACTS.  
 
Thank you for posting what I have said for many years with you guys but you don't seem to get it, or you TWIST the meaning just like you're doing here.  Doug explained this very well in a crew news session but you just can't bring yourself to reality.

 

 

[im back..!!]

You interpret this statement as if, somehow, AWA BOUGHT US Airways.  You are wrong.  READ IT AGAIN.  For ACCOUNTING purposes, (as opposed to using CASH TO OUTRIGHT BUY) these are the reasons AWA is listed as the acquiring carrier.  HOWEVER, US Airways GROUP is the LEGAL ACQUIRER.  AWA stock had to be accounted for for the merged company.  However, AWA had NO MONEY to "buy" US Airways.  It was the MERGED COMPANY that brought the cash from outside investors.  THOSE ARE THE FACTS.  
 
Thank you for posting what I have said for many years with you guys but you don't seem to get it, or you TWIST the meaning just like you're doing here.  Doug explained this very well in a crew news session but you just can't bring yourself to reality.

That was past history and about as current as the NIC award.

All the arbs want to hear is east n west both shared a financially thriving company with an incompleted seniority integration. Thus two lists from the same company (both sides should be able to declare eventual access to the entire list of aircraft).
West argues NIC is still relevant, east argues it isn't current due to non implementation and changes in composition of seniority lists since.
It's as simple as that.
But who bought who in 2005 is completely irrelevant. Unless you want to argue who should have won the super bowl in some past decade next....

 

[snapthis]

Preparing for arbitration. Our legal team has been busy with a number of tasks related to preparing for the seniority
 
integration arbitration commencing June 29, including: developing and refining strategy, working with the other
 
committees attorneys and the arbitrators to finalize procedural ground rules for the hearings, and working closely
 
with the committee to procure and prepare evidence and witnesses. Additionally, we have procured various experts
 
to assist with analysis and potentially testify in the arbitration. Most notably, we have retained airline economist Dan
 
Aikens. As many of you already know, Dan was a critical component of our America West Merger Committee under
 
ALPA, and the Nicolau Award was substantially influenced by his analysis (the PEM Pilot Earnings Model ). Dan
 
has subsequently worked with Jeff Freund and his legal team in both the Delta / Northwest and the United /
 
Continental seniority integrations. We are pleased to have Dan working on behalf of the America West pilots again.
 
 
 
 
 
THE SENIORITY ARBITRATION HEARINGS
 
 
Your merger committee representatives have been working closely with our legal
 
team, experts, and analysts over the past few weeks in order to finalize our prehearing
 
brief and proposal for submission and publication. With arbitration hearings
 
scheduled to commence just over two weeks from now, your merger team is now
 
engaged full-time in making final preparations for the arbitration hearings.
 
To set the proper stage for the unveiling of the proposals, we thought it might be
 
helpful to highlight the following paragraph from the United pilots’ closing brief to
 
the arbitration panel in the UAL / CAL case. This paragraph, drafted by our lead
 
merger counsel Jeff Freund, was incorporated verbatim by the panel of arbitrators in
 
the UAL / CAL award, and its advice was followed throughout the award. Our
 
proposal will certainly comport to this admonition, and we expect that the other
 
committees’ proposals will as well.
 
"Airline mergers and the attendant pilot seniority integrations have proven to be the
 
most stressful periods in an airline's evolution. That stress manifests itself in a
 
variety of ways that pose serious problems for the respective pilot groups and for
 
ALPA as an institution. The expectations that competing integration proposals create
 
in the minds of the merging pilot groups – and the hostility engendered by these
 
competing proposals – leave scars that do not heal well, if at all. . . . While there are
 
surely many explanations for the tumult created by the SLI process, the leading
 
culprit is the unrealistic expectations of many of the pilot groups. In our experience,
 
those unrealistic expectations translate into extreme SLI proposals, and those
 
extreme proposals are what allows the rhetoric and the animosity that flows from the
 
fight over a scarce resource – a position on a combined seniority list – to spiral out
 
of control. . . When an Award fails to call out the fact that one side has made an
 
entirely unreasonable proposal . . . that encourages, or fails to discourage,
 
continuing unreasonable proposals; it also encourages the very conduct that
 
inflames the SLI process and leads to the bitter recrimination that haunts the merged
 
pilot group and ALPA for decades after. . . [W]e urge in the strongest terms that
 
[this Board] say so in its opinion, so that future merger committees will take this
 
Board's admonitions to heart and the damaging consequences of unreasonable
 
posturing will be eliminated or at least minimized in future mergers
 
 

 

[EastUS1]

That stress manifests itself in a
 
variety of ways that pose serious problems for the respective pilot groups and for
 
ALPA as an institution. ......
 
...inflames the SLI process and leads to the bitter recrimination that haunts the merged
 
pilot group and ALPA for decades after. . .
 

 
Aww,...Po' widdle ALPA suffering from all that "stress" and "serious problems...as an institution"....I almost feel some tears forming here.

 

[end_of_alpa]

Pure comedy.
 
No, thank you for posting. Your argument does not even pass the logic test....
 
I don't need to interpret the obvious. Are you trying to suggest that US Airways pulled itself out of bankruptcy which was filed only months prior to the acquisition by America West? Your spin is an attempt to put your side in a better position than it was at the time your company was acquired. It was Parker who engineered the deal and the creditors invested in his plan.
 
 
 

US Air files Chapter 11

Talks with labor unions for $800 million in concessions go nowhere.September 13, 2004: 9:14 AM EDT

NEW YORK (CNN/Money) - US Airways Group filed for bankruptcy protection Sunday for the second time in two years.

The Chapter 11 filing in the U.S. Bankruptcy Court in Alexandria, Va., came after the airline was unable to obtain $800 million in annual cost cuts from its workers' unions. The airline had warned during talks the concessions were needed to avoid the bankruptcy filing.

"Customers should not notice any changes to flight operations or customer service because of this filing," the airline said in a statement on its Web site. "All bookings will be honored and there are no changes to our ticketing policies."

 
A spokesman for US Air said Monday that the airline was operating as scheduled before the filing.

Bruce Lakefield, US Airways' president and chief executive, said in a statement released Sunday that failure to obtain concessions heightened the need for the company, the seventh largest airline, to conserve its cash and proceed with its plans to overhaul the business and become a low cost carrier.

US Airways said it needed to cut costs by $1.5 billion in order to make its business to operate more like its discount rivals. The centerpiece of the cost-cutting blueprint, which it had hoped to get voluntarily, was $800 million in concessions from labor unions.

But the airline failed to get another penny from pilots, flight attendants, mechanics and other unions, who yielded nearly $2 billion to help the company out of its first bankruptcy.

"We have made the difficult but necessary decision to complete this process with the help of the court," Lakefield said. A Chapter 11 bankruptcy proceeding gives a company protection from its creditors while it reorganizes its business operations under court supervision.....
 
As of September 27, 2005, US Airways Group, Inc. was acquired by America West Holdings Corp. in a reverse merger transaction. US Airways Group, Inc., through its subsidiaries, operates a network air carrier. Its subsidiary, US Airways, Inc. (US Airways) engages in the transportation of passengers, property, and mail. As of December 31, 2004, its subsidiary operated 281 jet aircraft and 22 regional jet aircraft; and provided scheduled service at 89 airports in the continental United States, Canada, Mexico, France, Germany, Italy, Spain, Ireland, the Netherlands, the United Kingdom, and the Caribbean. The company is headquartered in Arlington, Virginia

  

That was past history and about as current as the NIC award.
All the arbs want to hear is east n west both shared a financially thriving company with an incompleted seniority integration. Thus two lists from the same company (both sides should be able to declare eventual access to the entire list of aircraft).
West argues NIC is still relevant, east argues it isn't current due to non implementation and changes in composition of seniority lists since.
It's as simple as that.
But who bought who in 2005 is completely irrelevant. Unless you want to argue who should have won the super bowl in some past decade next....

You're right. How "silly" of me. Tired old argument that matters not.

 

[EastUS1]

Preparing for arbitration. Our legal team has been busy with a number of tasks related to preparing for the seniority
 
integration arbitration commencing June 29, including: developing and refining strategy, ....
 
 

 
 
It's been over 8 years already, and you're just now "developing and refining strategy"?....Well, that should certainly inspire even more deeply devoted faith in all of "sparta". It's not like you're playing to the brightest bulbs in the box, after all.
 
Leonidas Update: "The immediate assistance of all former America West pilots is necessary..." Kids?....If "you'se" haven't already bought at least 10 "Liberty" ties each (and perhaps a few specially designed "Adventures of Capn' Aux" T-shirts for your dogs) this is the time to do so! Act now, before supplies run out and it's too late! 😉
 
http://www.cactuspilotcontributors.com/libertynecktie.html

 

[luvthe9]

You interpret this statement as if, somehow, AWA BOUGHT US Airways.  You are wrong.  READ IT AGAIN.  For ACCOUNTING purposes, (as opposed to using CASH TO OUTRIGHT BUY) these are the reasons AWA is listed as the acquiring carrier.  HOWEVER, US Airways GROUP is the LEGAL ACQUIRER.  AWA stock had to be accounted for for the merged company.  However, AWA had NO MONEY to "buy" US Airways.  It was the MERGED COMPANY that brought the cash from outside investors.  THOSE ARE THE FACTS.  
 
Thank you for posting what I have said for many years with you guys but you don't seem to get it, or you TWIST the meaning just like you're doing here.  Doug explained this very well in a crew news session but you just can't bring yourself to reality.

They have a hard time handling the truth.

 

[luvthe9]

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





So sorry children EOA is absolutely correct.

 

[luvthe9]

We saved them Project Zanzibar.

 

[luvthe9]

Footnote: Acquired America West Holdings (2004 rank: 678), Sept. 27, 2005. For accounting purposes, however, the company is treating America West as the acquirer.



http://money.cnn.com/magazines/fortune/fortune500/snapshots/1510.html

 

[luvthe9]

U-Turn "TO THE OTHER 1500" AWAPPA, which is supporting its puppet-in-training, Brice Le Carre.






"TO THE OTHER 1500"

Followed by this introduction:

U-Turn realizes that all 80-some PHX/LAS members in good standing have already received the campaign email below, but we have 1500 other active pilots who have not. There will be another election as soon as we get over 100 members in good standing. Unfortunately the deck was stacked against Ken in this round by AWAPPA, which is supporting its puppet-in-training, Brice Le Carre. Anyone who thinks Brice wrote those attack messages hasn't read any of Brice's resolutions in the old ALPA days.

If we are ever going to have representation that the rest of USAPA will take seriously, we need calm and firm leadership, not the shrill voices of AWAPPA manipulating our only Rep. As Mark Burdick said, the NIC is going to be resolved in the court house, not on the Jumpseat. We all know Ken's track record. It speaks for itself. And Brice's?

U-Turn

 

[luvthe9]

America West Airlines Inc. 10-Q government guaranteed loan require us to maintain a minimum cash balance of $100 million, and restrict our ability to take certain other actions, including mergers and acquisitions, investments and asset sales.

 

[luvthe9]

AWA 10K 12/31/04 Given these conditions, we anticipate significant losses for full year 2005 In 2005, AWA realized operating losses of $120 million and a loss before income taxes and cumulative effect of change in accounting principle of $195 million.





You were saved by the east plain and simple.