traderjake
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August 2013 Pilot Discussion
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I am your mirror today.
nycbusdriver
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I do admire the fact that about 5 weeks ago you decided that the merger was dead, and have stuck to your guns with that thought since then. But, time will tell, and I think it is still far from conclusive.
Personally, I think the parties will settle before the trial date of November 25 and on that day the MOU will be our contractual obligation to the company, and the company's opportunity to ignore it at their whim. Grieve it.
Tell me: If the merger goes through, will go into hiding again here for the several years I have left? Without, of course, acknowledging your error. I would expect that from you as I would of CM.
Would I prefer the MOU pay rates rather than LOA 93? Of course, who wouldn't?
traderjake
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My mirror hangs a little higher on the wall.
"American has an interest in ensuring that there are no changes or additions to the requested injunctive relief that
could have such an adverse impact. In particular, although American takes no position on the
underlying merits of this litigation, the possibility exists that injunctive relief entered here in favor
of the Plaintiffs (should they prevail) could interfere with the obligations of the parties to the
MOU (including Defendant USAPA) and could interfere with the Bankruptcy Court’s jurisdiction
or complicate the ability of the parties to comply with that Court’s Orders."
http://leonidas.cact...icus_Curiae.pdf
could have such an adverse impact. In particular, although American takes no position on the
underlying merits of this litigation, the possibility exists that injunctive relief entered here in favor
of the Plaintiffs (should they prevail) could interfere with the obligations of the parties to the
MOU (including Defendant USAPA) and could interfere with the Bankruptcy Court’s jurisdiction
or complicate the ability of the parties to comply with that Court’s Orders."
http://leonidas.cact...icus_Curiae.pdf
Reed Richards
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Why would I have to go into hiding because I now portend the merger is toast? I am stunned you all continue to pull errata out of the media and deem this merger a go. I am not seeing it. And I am not asking anyone to buy stock, much less do anything different than they have been doing since the second BK here. I owe no penance for having a logical (and I do not say righteous or even correct) opinion. That said, if the merger were to go through, and I was actually paid my retrospective pay and the signing bonus, and my 1 Jan 14 pay rate was acknowledged by the Company, I would never be seen here again, under any name or avatar. In fact, I would see no need to even visit this site ever again. And my rear, even though very bendable due to my powers, would still be smarting having had all those monkeys fly out of it. Bad visual, I digress. We actually will both be here debating for years. It will be the little fun we have in this job other than when the parking brake is off. RR
Phoenix
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traderjake
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Don't spend all your DOH and attrition in one place.
Freighterguynow
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My daddy did give me one thing and I am proud of it.
I'm taller than you and always will be.
Pop a viagra, you'll get even taller.
Piedmont1984
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Since we are all just playing airline analyst lets take stock (no pun intended) of where we are. This past week the period of exclusivity was extended to Jan 18, 2014. The company attorneys requested documents which would explain the rationale behind the previously approved mergers. The government has been reluctant to comply. Some of the feedback from the attendees to D.C. last week, second hand I'll admit, is that Delta's fingerprints are all over this effort to kill or cripple this merger.
Add to the above the more proximate trial date granted as well as the choice of holding the trial during the week of a major holiday and my intuition tells me the judge is pre-disposed to seeing a settlement. Meanwhile the actual stock has recovered what it lost when the DOJ made their opening salvo, indicating investors remain bullish on the merger. Also in the last month, insiders have been buying the stock.
Finally, step back from all this anecdotal 'errata' and consider the old adage of 'follow the money'. Consider what stakeholders such as Boeing, Airbus, Embraer, UCC and the AA labor groups stand to lose if the merger fails. Money walks.
Out of an abundance of caution, I am not prepared to say this merger is dead.
'84
Piedmont1984
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The MOU however, may very well be in jeopardy. Read sections 18, 20 and most important section 30, the last section of the MOU. The BK judge has the final say. If the POR needs to be restructured as a result of concessions to the government, you can kiss the 'contract' we ratified goodbye.
'84
'84
Portly Dorman
Senior
The new 'boys' in CLT will get us more. They know better and are far smarter than the company and the APA boys.
This may drag out for some time.
I'm sure the CLT crew will snatch defeat from the jaws of victory, just like the pension and LOA93.
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