What difference would even instant, enthusiastic and universal acceptance have made here? It was Parker et al that pulled the offer well prior to the group even being able to vote on it!
AUG/SEPT 2012 US Pilots Labor Discussion
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What difference would even instant, enthusiastic and universal acceptance have made here? It was Parker et al that pulled the offer well prior to the group even being able to vote on it!
Phoenix
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Do you not recall that the professional negotiators advised if membership rejected the MOU it would strengthen the NAC's position? If DUI thought the members were certain to approve the MOU, I can't imagine that he wouldn't have just gone along with that.
Please stop payment immediately. As some twisted type of passive/aggressive internet "tough guy", well...the least you could do is demonstrate the fantasized courage of your often loudly shouted convictions in some, even ANY small aspect of real life. You're just not the type that does any such things in reality. So...hmmm...I don't believe anyone should hold their breath while waiting for such a thing to EVER happen...but feel free to rant/type away. We can always use more good jokes. 😉
No, disrespect but what were you hoping for, the only hope DUI has of putting this merger together is to "CONVINCE" the "REAL MONEY" that the return on their investment is better with DUI than HORTON as a standalone. To do that he has a huge "burden of proof" his plan is the best. My first question would be, "Why is USAIRWAYS in BILLIONS of DEBT, more than AMR, and were in BK!?" And your plan is? USAIRWAYS long term debt is the "WORST" in the industry, and not by a small margin, We never had a bargaining position, and if we did, it was the belief that another substandard contract was better than unemployment a common theme resenated by the FRANKE AWA pilot qualification, seniority list, the unhireables! MM!
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luvn737s
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How about a dogfight? (Sorry, I just had to!) No, you've got me confused with MrBreeze the Bipolar Express. I'm just a nice guy who is tired of having amatuers screw around with my money.
But I will hand it to you, you stayed practically within the bounds of civil discourse for a good two posts. And that's a start! You're probably one or two med adjustments to fitting in with civil society.
Just do us all a favor and stay by the computer where someone can keep an eye on you in case you fall and can't get up.
BLT
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“Doug!”
“Yeah, hey Kirb. What’s up”
“Horton. That worm’s at it again. Crap, man! This is sounding more like that HBO medieval thingy on TV. What’s it called…?
“Game of Thrones?”
“Yeah,that’s it. Listen we’re-”
“Oh, man, Kirb. I so love that show. It’s a damn clinic. A guy can learn a lot from those remorseless –”
“Parker... Parker! Focus, man. We’re not in Hollywood, and this ain’t no movie set. Here, you gotta read the latest. Can you believe it? We’re all packed for Dallas and the bastard pulls this crap.
Reuters-- Wednesday, Aug 29, 2012: The parent of American Airlines said on Wednesday a group of hedge funds was interested in providing equity financing to help it emerge from bankruptcy, with Dow Jones reporting the funds could contribute up to $2 billion.
"The engagement of the Group presents a reasonable prospect of obtaining commitments that may facilitate the reorganization efforts," AMR said in a filing. The group includes an affiliate of J.P. Morgan Chase as well as Carlson Capital, Cyrus Capital Partners and Claren Road Asset Management, among others. The group was considering $1 billion to $2 billion in equity financing and could provide enough to allow AMR to exit bankruptcy on its own, Dow Jones reported, citing three unnamed people involved with the matter.
That could give AMR more leverage as it explores a possible merger with US Airways Group Inc (LCC.N), two of the people told Dow Jones.
AP News: British Airways considers American Airlines stake. Aug. 31, 2012, 10:10 a.m. PDT, — British Airways' parent company International Airlines Group says that it has signed a non-disclosure agreement with American Airlines, allowing it to look at the company's books. The two airlines already have a joint business agreement for flights across the Atlantic Ocean and were founding members of the OneWorld frequent flier alliance.
American Airlines CEO Tom Horton has said his airline is weighing several options, including remaining independent or merging with one of several airlines.
“Jeez, Kirb! We may have underestimated Horton. Labor’s given him a no confidence vote and he’s still able to win over investors? I thought we had him. Two billion from hedge funds and twenty percent backing from BA. Crap, man, that’s powerful.”
“Yeah. And did you read this? He’s still planning to emerge from bankruptcy…stand-alone. He still considering other partners, and if he does choose USAir, he’s boasting about the leverage he’s got over us. Listen, buddy. I think we’re still ahead, but not by much. He’s gaining ground fast. I want to be president, Doug. You promised. I want to be president.”
“Calm down! Hold together, will ya I gotta think. Wait…Kurb, what’s the status on that MOU?”
“Their BPR agreed to send it out for a vote.”
“Aaargh! We were going to deliver those COC/LPP provisions as a goodwill gesture to win over lenders and unsecured creditors. If the pilots ratify it, this thing could bite us in the ass. We’re giving Horton’s team a gift, more reason they’d prevail as surviving management. What does that damn thing say?”
“I got it right here. It says, USAPA agrees to waive all change of control provisions, LPPs, daily minimum utilization, and minimum fleet requirements in the East and West collective bargaining agreements and in the Transition Agreement conditioned upon the subsequent event of the occurrence of the effective date of a plan of reorganization…”
“We’ve got to stop it, Kurb. Horton wants it then he’ll have to pay for it. That thing is as much a poison pill for us as it is for our pilots. We’ve got to make this deal swing back our way. I’ve got some other ideas, but we need that MOU back -- unratified. We need every ounce of leverage we can get, whether we prevail as American’s executive team or not. And if we're unsuccessful, we can at least promise to deliver the concessions as a last resort to extract a bigger payoff for you and I.”
“Yeah, you’re right. I’ll stop it now. Save it for later. I can always pry those protective provisions from their grimy hands whenever it serves our purpose. I’ll cancel the meeting with their NAC today, wait a couple of days, then pull the whole agreement off the table. Hell, I’ll make it look like they’re to blame. I’ll think of something. Those guys’ll be pointing fingers at one another in no time. If and when we need that MOU again, I’ll have them begging to sign this thing. Just to make it look convincing, I’ll overreach a little.”
“That’s why I hired you, Kirb...that’s why I hired you. Hey, I’m thirsty, what say we get a beer? You drive.”
“Yeah, hey Kirb. What’s up”
“Horton. That worm’s at it again. Crap, man! This is sounding more like that HBO medieval thingy on TV. What’s it called…?
“Game of Thrones?”
“Yeah,that’s it. Listen we’re-”
“Oh, man, Kirb. I so love that show. It’s a damn clinic. A guy can learn a lot from those remorseless –”
“Parker... Parker! Focus, man. We’re not in Hollywood, and this ain’t no movie set. Here, you gotta read the latest. Can you believe it? We’re all packed for Dallas and the bastard pulls this crap.
Reuters-- Wednesday, Aug 29, 2012: The parent of American Airlines said on Wednesday a group of hedge funds was interested in providing equity financing to help it emerge from bankruptcy, with Dow Jones reporting the funds could contribute up to $2 billion.
"The engagement of the Group presents a reasonable prospect of obtaining commitments that may facilitate the reorganization efforts," AMR said in a filing. The group includes an affiliate of J.P. Morgan Chase as well as Carlson Capital, Cyrus Capital Partners and Claren Road Asset Management, among others. The group was considering $1 billion to $2 billion in equity financing and could provide enough to allow AMR to exit bankruptcy on its own, Dow Jones reported, citing three unnamed people involved with the matter.
That could give AMR more leverage as it explores a possible merger with US Airways Group Inc (LCC.N), two of the people told Dow Jones.
AP News: British Airways considers American Airlines stake. Aug. 31, 2012, 10:10 a.m. PDT, — British Airways' parent company International Airlines Group says that it has signed a non-disclosure agreement with American Airlines, allowing it to look at the company's books. The two airlines already have a joint business agreement for flights across the Atlantic Ocean and were founding members of the OneWorld frequent flier alliance.
American Airlines CEO Tom Horton has said his airline is weighing several options, including remaining independent or merging with one of several airlines.
“Jeez, Kirb! We may have underestimated Horton. Labor’s given him a no confidence vote and he’s still able to win over investors? I thought we had him. Two billion from hedge funds and twenty percent backing from BA. Crap, man, that’s powerful.”
“Yeah. And did you read this? He’s still planning to emerge from bankruptcy…stand-alone. He still considering other partners, and if he does choose USAir, he’s boasting about the leverage he’s got over us. Listen, buddy. I think we’re still ahead, but not by much. He’s gaining ground fast. I want to be president, Doug. You promised. I want to be president.”
“Calm down! Hold together, will ya I gotta think. Wait…Kurb, what’s the status on that MOU?”
“Their BPR agreed to send it out for a vote.”
“Aaargh! We were going to deliver those COC/LPP provisions as a goodwill gesture to win over lenders and unsecured creditors. If the pilots ratify it, this thing could bite us in the ass. We’re giving Horton’s team a gift, more reason they’d prevail as surviving management. What does that damn thing say?”
“I got it right here. It says, USAPA agrees to waive all change of control provisions, LPPs, daily minimum utilization, and minimum fleet requirements in the East and West collective bargaining agreements and in the Transition Agreement conditioned upon the subsequent event of the occurrence of the effective date of a plan of reorganization…”
“We’ve got to stop it, Kurb. Horton wants it then he’ll have to pay for it. That thing is as much a poison pill for us as it is for our pilots. We’ve got to make this deal swing back our way. I’ve got some other ideas, but we need that MOU back -- unratified. We need every ounce of leverage we can get, whether we prevail as American’s executive team or not. And if we're unsuccessful, we can at least promise to deliver the concessions as a last resort to extract a bigger payoff for you and I.”
“Yeah, you’re right. I’ll stop it now. Save it for later. I can always pry those protective provisions from their grimy hands whenever it serves our purpose. I’ll cancel the meeting with their NAC today, wait a couple of days, then pull the whole agreement off the table. Hell, I’ll make it look like they’re to blame. I’ll think of something. Those guys’ll be pointing fingers at one another in no time. If and when we need that MOU again, I’ll have them begging to sign this thing. Just to make it look convincing, I’ll overreach a little.”
“That’s why I hired you, Kirb...that’s why I hired you. Hey, I’m thirsty, what say we get a beer? You drive.”
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luvn737s
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Parker pulled it (IMHO) because the BPR sent in negotiators without the authority to close the deal and then came out with a NO (or more precisely, "Please NO, we want to stay on FPL!!"). So Parker realized he was still dealing with the same dumbsh)ts he had been facing for the past 5 years and decided let the BPR take the heat for throwing away good money. I would have done exactly the same thing if I was him.
So, the next vote should be a representation vote.
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luvn737s
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"How about a dogfight? (Sorry, I just had to!)" No problem. Your bs's just part of your passive/aggressive internet punk act, and I've noted that your jokes are pretty good...even if you're personally foremost among them 😉 Face it; You're just not the type of person who actually backs up any of your bs in real life, so type away.
luvn737s:"You let me know when you plan your big work stoppage. I'll come in even if it's my day off." Now? = " I'm just a nice guy who is tired of having amatuers screw around with my money." 😉
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luvn737s
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Sure that makes sense. I can hear them now, "After much deliberation and negotiation we've done our best to produce this lousy agreement that you should reject. Reject it a few more times too, okay? They don't just give tuition away at Princeton."
Do you guys use generic batteries in your hearing aids? Spend a few more cents on some good ones, why don't ya!
Black Swan
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Ask yourself. It was a suck deal. I don t need some so called professional to tell me. It was pathetic. Stand on your own feet.
Black Swan
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Your money is on Doug Parker. So is your manhood. What remains of it.
Black Swan
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Look in the mirror. You have become Doug Parker
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