AA and US (maybe not)
- Thread starter johnny kat
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Seems rather sad, to see usairways people once again planning a wedding and a life together without having even dated the groom. I suppose having been left at the alter and spurned so many times in the past, all their hope is pinned on a shotgun wedding officiated by a drunk (DP) hillbilly father.
Well you may very well be right about that undesirable not marrying into the family. And if it turns out that way just hope you're still a member of that family that gets an evite to the celebration. You're got more to worry about than US Airways buddy.
WorldTraveler
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The fact that no one else wants to see AA be acquired by US probably has a whole lot to do with why AA will remain independent or be acquired by someone who adds alot more value to AA employees.
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While I still believe that AA will emerge on its own, I also am quite sure that DL will step in to make a counter offer should US make a move on AA.
And there is also a good likelihood that should that happen, UA will step in and acquire US. US mgmt might like that idea but it would be far from ideal for US people.
So, it is probably a scenario in which if US reaches the button, they will set off a series of transactions that would ultimately lead to US people's demise.
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I would be careful what you wish for... in this industry, sometimes you get exactly what you feared... and worse.
I think the most interesting thing about that report is the difference in tone of Horton's comments from the more definitive statements reported earlier in the week:
“We don’t want to be distracted by the notion of mergers right now.”
“I don’t think we need to combine with anybody, but I think there will be ample opportunities,” he said.
(emphasis mine)
I think AA has a reasonable shot of emerging from bankruptcy independent. Nonetheless, USAirways is almost certainly going to mount a competing proposal. Delta may, too, although it would have very little chance of going anywhere for all the reasons previously discussed. But Horton obviously seems to be hinting that some form of merger - and I think he's likely talking about USAirways - may well be in the cards down the road, but post-bankruptcy. I could plausibly see AA and USAirways pursuing a two-step approach, much as United and Continental did: bring USAirways into oneworld out of Star first, and then 6-12 months later, announce the merger.
full story here
Premature’ Discussion?
“It seems premature to be talking about an acquisition for them at this point,” Snyder said today in an interview. “If you know there’s another 1 1/2 to 2 years to even exit bankruptcy, who knows what the industry is going to look like at that point?”
While American holds exclusive rights to file a reorganization plan with the bankruptcy court, rivals can talk with its unsecured creditors committee. That panel, which includes the airline’s three biggest unions and the U.S. Pension Benefit Guaranty Corp., is involved in all American’s major decisions outside routine business.
Horton refused to identify any potential acquisition targets and played down the risk of a takeover by US Airways, noting two failures in merger talks with UAL (UAL) Corp.’s United Airlines and in a hostile approach to Delta when that carrier was in bankruptcy.
No Worry
“My view is, this will be every bit as successful as their prior three attempts,” he said. Tempe, Arizona-based US Airways has acknowledged hiring bankers to study AMR; Delta is doing likewise, a person with knowledge of that effort has said.
Any future mergers among U.S. airlines are likely to see smaller carriers, including Alaska Air Group Inc. (ALK) and JetBlue Airways Corp. (JBLU) and perhaps US Airways, gobbled up by bigger rivals, Horton said.
full story here
Premature’ Discussion?
“It seems premature to be talking about an acquisition for them at this point,” Snyder said today in an interview. “If you know there’s another 1 1/2 to 2 years to even exit bankruptcy, who knows what the industry is going to look like at that point?”
While American holds exclusive rights to file a reorganization plan with the bankruptcy court, rivals can talk with its unsecured creditors committee. That panel, which includes the airline’s three biggest unions and the U.S. Pension Benefit Guaranty Corp., is involved in all American’s major decisions outside routine business.
Horton refused to identify any potential acquisition targets and played down the risk of a takeover by US Airways, noting two failures in merger talks with UAL (UAL) Corp.’s United Airlines and in a hostile approach to Delta when that carrier was in bankruptcy.
No Worry
“My view is, this will be every bit as successful as their prior three attempts,” he said. Tempe, Arizona-based US Airways has acknowledged hiring bankers to study AMR; Delta is doing likewise, a person with knowledge of that effort has said.
Any future mergers among U.S. airlines are likely to see smaller carriers, including Alaska Air Group Inc. (ALK) and JetBlue Airways Corp. (JBLU) and perhaps US Airways, gobbled up by bigger rivals, Horton said.
full story here
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I rest my case :huh:
signals
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Will somebody just merge with US and shut them up????
johnny kat
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Signals you seem to be the only one talking about it lately, maybe you need to hush. Not sure what your beef with US is.
CactUS4Ever
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US will never stop merging until we r the only airline left. Get used to it.
http://www.ft.com/intl/cms/s/0/0f54efce-6473-11e1-b30e-00144feabdc0.html#axzz1oKtioHim
DL/AA would simply be the dismantling of AA. AA/US will simply be the dismantling of US? Take your pick.
WorldTraveler
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from the article, apparently BA considers a DL bid for AA possible and would use it as a chance to convince DL to move from Skyteam.
"Willie Walsh, IAG’s chief executive, told the Financial Times that the Oneworld global alliance – which the group’s UK and Spanish airlines belong to – should be able to recruit Delta Air Lines if it combined with American, already a Oneworld member....
Asked if he thought a Delta-American entity could be persuaded to choose the Oneworld alliance instead of SkyTeam, Mr Walsh said: “Personal view – most definitely."
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usa,
DL has done a pretty good job of using the assets it has acquired in mergers and asset acquistiions... it isn't beyond the realm of possibility that DL and US could decide to cooperate for each others' benefit in an AA acquisition as they did in the DCA-LGA slot transaction....
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but for now, AA still has control of its restructuring... or more appropriately, AA's employees do since they could make or break AA's ability to restructure.
