AMR considers 5 airlines for merger

[etops1]

It jut keeps getting better and better ..
http://www.wfaa.com/news/business/USAirways-quietly-became-creditor-of-American-Airlines-162268805.html

 

[CallawayGolf]

1) Good to know that the "east pilots" actually run the company and that CEO is merely a titular descriptive, bereft of any/all actual authority, (much less ANY evident responsibility) for anything whatsoever....Words just fail me.

2) "Doug"...? Ah!...Nevermind then. I'd naturally hesitate to offer any insult to any first-name-basis/great-personal-friend of yours. Wow! That Kompany Koolaide's gotta' be some "good stuff" indeed 😉 I'll have to personally pass on it though, as it appears to be highly addictive...and the tragic side effects are equally obvious....

1) Okay, please explain how Doug could force the east pilots who control USAPA to accept a JCBA while not violating the TA, the RLA, and one that would be approved by the BOD who have the fiduciary responsibility to ensure Management makes sound financial decisions on any expenditure over $10M. Let's hear it.

2) Please cite one example where Doug has requested or required anyone to address him as "Mr. Parker".

 

[EastUS1]

1) Okay, please explain how Doug could force the east pilots who control USAPA to accept a JCBA while not violating the TA, the RLA, and one that would be approved by the BOD who have the fiduciary responsibility to ensure Management makes sound financial decisions on any expenditure over $10M. Let's hear it.

2) Please cite one example where Doug has requested or required anyone to address him as "Mr. Parker".

1) If you're incapable of envisioning a host of scenarios within which this "merger" could have been fully integrated, then you're ill equipped indeed to even begin imagining running the corporation. That being the clear case; there's no point in further discussion there, nor any excessive thread creep.

2) What's your point? That his "casual frat boy" approach is useful for suckering in the most incurably gullible and weak-minded into thusly imagining themselves as somehow standing on even ground? Show anyone where this person even deigns to properly wear a friggin' suit and tie when publicly addressing the employees....and that tells you nothing regarding wholesale contempt? Sucker!

 

[CallawayGolf]

1) If you're incapable of envisioning a host of scenarios within which this "merger" could have been fully integrated, then you're ill equipped indeed to even begin imagining running the corporation. That being the clear case; there's no point in further discussion there, nor any excessive thread creep.

2) What's your point? That his "casual frat boy" approach is useful for suckering in the most incurably gullible and weak-minded into thusly imagining themselves as somehow standing on even ground? Show anyone where this person even deigns to properly wear a friggin' suit and tie when publicly addressing the employees....and that tells you nothing regarding wholesale contempt? Sucker!

I ask you for one solution but you offered nothing but criticism. The Kirby proposal was a solution that was never formally rejected or countered as it is still on the table so the blame lies with USAPA on not getting their pilots something better or that will pass and comply with federal law.

I don't judge leaders by what they prefer to be called or how they dress but rather how well the perform their job. Since Doug is the longest tenured CEO and is well respected by the investment and analyst community I'd say he's doing the job he was hired to do with excellence. Just my opinion of course.

 

[MUTATIS MUTANDIS]

HE GOT THIS AWARD ALSO! http://www.phoenixnewtimes.com/bestof/2007/award/best-dui-553729/

 

[EastUS1]

I'd say he's doing the job he was hired to do with excellence. Just my opinion of course.

Yes, it is just your opinion. Let's take a brief look back here at just one example of such "excellence"...The kind of "excellence" that would certainly get most anyone, anywhere, properly fired, if not figuratively "shot on the spot": "Since Parker's DUI, the company's stock has plunged to about $30 per share. You do the math. Oh, okay, we'll do it. Multiply U.S. Airways' 91.5 million outstanding shares by a loss of $26 per share, and crude math calculates the company has lost about $3 billion in market value. Granted, there are more factors at play than Parker's one-too-many. Still, we award Doug Parker a "Best of" for both the most expensive beer and for single-handedly manipulating a publicly traded stock."

That above being in the immediate wake of yet another, previously botched takeover run at a competing airline. Of course; that's just meaningless, ancient history to you and all who would happily thrash pom poms around for "Doug"...but, let's at least look at the value of the then versus now shares....?

 

[CallawayGolf]

Yes, it is just your opinion. Let's take a brief look back here at just one example of such "excellence"...The kind of "excellence" that would certainly get most anyone, anywhere, properly fired, if not figuratively "shot on the spot": "Since Parker's DUI, the company's stock has plunged to about $30 per share. You do the math. Oh, okay, we'll do it. Multiply U.S. Airways' 91.5 million outstanding shares by a loss of $26 per share, and crude math calculates the company has lost about $3 billion in market value. Granted, there are more factors at play than Parker's one-too-many. Still, we award Doug Parker a "Best of" for both the most expensive beer and for single-handedly manipulating a publicly traded stock."

That above being in the immediate wake of yet another, previously botched takeover run at a competing airline. Of course; that's just meaningless, ancient history to you and all who would happily thrash pom poms around for "Doug"...but, let's at least look at the value of the then versus now shares....?

How did the other majors do during the same timeframe? What was DL, NW, US, and now AA stock worth the day they announced chapter 11 filings? Has Doug ever led an airline into filing chapter 11? Do you think perhaps the price of JetA or the global recession (external factors) had more or less to do with the price of LCC than Doug's one night in county jail to pay in full his debt to society?

 

[Beancounter]

If he is such a genius why isnt the merger done after 7 years and its employees towards the bottom of the industry in pay and benefits?

And why did he have to get an ATSB loan to stay in business also?

Go look in the mirror. USAPA (or at least it's previous leaders) are the reason we don't have a contract. You've got guys on here spouting of about how great it is that we are locked in a quagmire and the Nic has not been implemented. It's their friends that are making sure we are seperate groups with an industry laggggggging contract.

Parker took the reigns after 9/11. He was handed a bag of poo and it was the only way to save the airline. The loan was fully paid back ahead of schedule. One of the few times the government made a sound financial move and they (we) profited from it.

Bean

 

[EastUS1]

Do you think perhaps the price of JetA or the global recession (external factors) had more or less to do with the price of LCC than Doug's one night in county jail to pay in full his debt to society?

Actually, I'm sure it was all just an unfortunate result of solar flare activity 😉 "...to pay in full his debt to society"..? Oh me oh my!...Are you serious!!?? = "Doug's one night in county jail to pay in full his debt to society?" How is it even slightly possible for ANYONE to even TRY to make that sound like some sort of "accomplishment", much less any kind of noble, Knightly quest? 😉 Have you forgotten it was merely a few hours in a women's jail?...Which, by it's self, opens the doors on some interesting issues of character, but no matter...just keep on mainlining that good old Koolaide......

"Since Parker's DUI, the company's stock has plunged to about $30 per share." True or False: You would have been properly fired/terminated/kicked-quickly-out-the-door/shot-on-the-spot/etc for doing anything even remotely approaching that which you're now feebly defending....?

 

[Beancounter]

1) If you're incapable of envisioning a host of scenarios within which this "merger" could have been fully integrated, then you're ill equipped indeed to even begin imagining running the corporation. That being the clear case; there's no point in further discussion there, nor any excessive thread creep.

2) What's your point? That his "casual frat boy" approach is useful for suckering in the most incurably gullible and weak-minded into thusly imagining themselves as somehow standing on even ground? Show anyone where this person even deigns to properly wear a friggin' suit and tie when publicly addressing the employees....and that tells you nothing regarding wholesale contempt? Sucker!

1) Let me guess. If you'd gotten DOH (aka Staple the west) then everything would have been fine. Blame the: West, Arbitration, Managent

2) No tie when addressing fellow employees is required. If we were clients then I would agree, a minimum of tie, suit the best. I was introduced in a profesional setting to a tech CFO and the guy was dressed like a college student. Now that's tacky.

Bean

 

[700UW]

Actually HP's loan and US' were combined.

US AIRWAYS GROUP, INC. ANNOUNCES SALE OF ITS GOVERNMENT-BACKED LOAN

TEMPE, Ariz., Oct. 19, 2005 - US Airways Group, Inc., (NYSE: LCC) today announced that debt totaling $777 million, of which $752 million was backed by the government, has been sold at a slight premium to par to 13 fixed income investors. These loans were granted to the former America Wes and US Airways in the aftermath of Sept. 11, 2001. The total current outstanding balance of these loans is $832 million, with $55 million held by two other existing investors. Terms associated with those loans remain unchanged, with the former loan terminating in 2008 and the former US Airways loan terminating in 2010.

And he took over right before 9/11 hit.

And they paid it off by taking a new loan out from GECAS, so they still owe GECAS money.

Repaid and Terminated Loans
In connection with the consummation of the Loan, on March 31, 2006, the proceeds of the Loan were used, in part, to repay in full the following indebtedness:

o the Amended and Restated Loan Agreement, dated September 27, 2005 (as amended, supplemented or otherwise modified), among US Airways, Inc. ("US Airways"), as borrower, the Air Transportation Stabilization Board (the "ATSB"), the lenders party to the agreement from time to time, Citibank, N.A., as Agent, Wilmington Trust Company, as Collateral Agent, Citicorp North America, Inc., as Govco Administrative Agent, US Airways Group and certain subsidiaries of US Airways Group party to the agreement;

o the Amended and Restated Loan Agreement, dated September 27, 2005 (as amended, supplemented or otherwise modified), among America West Airlines, Inc. ("AWA"), as borrower, the ATSB, the lenders party to the agreement from time to time, Citibank, N.A., as Agent, Wilmington Trust Company, as Collateral Agent, and US Airways Group, Inc., and certain subsidiaries of US Airways Group party to the agreement;

o the $161,000,000 Loan Agreement (the "$161 million Loan"), dated as of September 27, 2005 (as amended, supplemented or otherwise modified), among US Airways and AWA, as borrowers, US Airways Group, as guarantor, Airbus Financial Services, as initial lender and loan agent, and Wells Fargo Bank Northwest, National Association, as collateral agent;

o the Loan Agreement (Spare Parts), dated as of September 3, 2004 (as amended, supplemented or otherwise modified), among AWA, as borrower, General Electric Capital Corporation, as administrative agent, General Electric Capital Corporation, as original series A lender and as original series B lender, Wells Fargo Bank Northwest, National Association, as security trustee, and the lenders from time to time party thereto; and

o the Loan Agreement (Engines), dated as of September 3, 2004 (as amended, supplemented or otherwise modified), among AWA, as borrower, General Electric Capital Corporation, as administrative agent, General Electric Capital Corporation, as original series A lender and as original series B lender, Wells Fargo Bank Northwest, National Association, as security trustee, and the lenders from time to time party thereto.

In addition, the $89,000,000 Loan Agreement, dated as of September 27, 2005 (as amended, supplemented or otherwise modified), among US Airways and AWA, as borrowers, US Airways Group, as guarantor, Airbus Financial Services, as initial lender and loan agent, and Wells Fargo Bank Northwest, National Association, as collateral agent, was terminated on March 31, 2006.

All obligations of the obligors under each of the foregoing repaid or terminated indebtedness have been terminated (other than those that survive by the terms of the respective agreements).

 

[Phoenix]

1) If you're incapable of envisioning a host of scenarios within which this "merger" could have been fully integrated, then you're ill equipped indeed to even begin imagining running the corporation. That being the clear case; there's no point in further discussion there, nor any excessive thread creep.

2) What's your point? That his "casual frat boy" approach is useful for suckering in the most incurably gullible and weak-minded into thusly imagining themselves as somehow standing on even ground? Show anyone where this person even deigns to properly wear a friggin' suit and tie when publicly addressing the employees....and that tells you nothing regarding wholesale contempt? Sucker!

He blushes and goes weak in the knees at the mention of Doug and thinks the Kirby proposal is one. He is persuasive. Maybe not in the way he meant to be but I'm persuaded.

 

[EastUS1]

USAPA (or at least it's previous leaders) are the reason we don't have a contract.

Which completely explains away the FA's issues as well....? 😉

 

[EastUS1]

He blushes and goes weak in the knees at the mention of Doug....

That much seems certain 😉

 

[EastUS1]

1) Let me guess. If you'd gotten DOH (aka Staple the west) then everything would have been fine. Blame the: West, Arbitration, Managent

2) No tie when addressing fellow employees is required. If we were clients then I would agree, a minimum of tie, suit the best. I was introduced in a profesional setting to a tech CFO and the guy was dressed like a college student. Now that's tacky.

Bean

1) Quite honestly, and believe it or not at your pleasure; that plays not at all into this discussion for me.
2) "....guy was dressed like a college student. Now that's tacky." Indeed sir, which would have been my thought as well....but...not so much for/if a CEO of a major airline....?