Branson &usairways.

[RowUnderDCA]

Say I was some foreign guy/gal with more money than sense. I wanted to buy a U.S. Airline.... could I through a bankruptcy court purchase a bankrupt carrier (say U) and own

100% of a newly formed ground handling services business;

100% of a newly formed loyalty services program;

100% of a newly formed inflight cabin services business;

and 25% of whatever uncle sam doesn't want me to get my terrorists hands all over (the ops certificate and aircraft I presume)?

Of course, I'd love to use U newly crafted labor agreements as the foundation for this instant business and start looking for other star alliance clients in N.A.

 

[nycbusdriver]

i think joe was assistant cheif pilot at bwi

[post="246769"][/post]​

Until it closed. Then DCA.

 

[mweiss]

Virgin could team up with any US airline, so why would they pick USAirways?

[post="246764"][/post]​

Because distressed assets are the best investment, if all you want is the assets themselves.

 

[usairways_vote_NO]

Because distressed assets are the best investment, if all you want is the assets themselves.

[post="246785"][/post]​

Counts USAirways out they have no assets to speak of.

 

[Winglet]

That's it. It has to be Branson. He'll work closely with the current crack US Air management team to turn U into a "powerhouse" on the East Coast that will strangle JB and SW to death. Wages will recover to former glory and pensions will be restored.

Strong buy on US Air stock. Buy all you can now.

 

[EyeInTheSky]

Well, looks like Hawk just took a flying dump on that theory or did he?

Picture this: Richard Branson and Dr. Bronner together; oh man, what a cluster %%$# that would be. Then again, weirder things have happened.

 

[delldude]

Interesting when Lakefield's office is in DCA, not PIT.

[post="246735"][/post]​

the rumor that abounds is bruce was in PIT to congratulate mr.spina on his up and coming homecoming party for all with 25 years or more into his hangar 431 facility.
accoutrements include standing room only....computer access whilst on your feet...
locking of the breakroom during non contractual "breaks and lunches"....late out of breakroom you get the pe-1 prize......
already fans are seeking legal options...the band of gypsies from pit 431 have enlisted a war that will salvo the babybus checks.....
may god bless their souls.....
semper fi gary.........you fool....

 

[mechanicpit]

You forgot no newspapers magazines or reading material of any kind. no microwaves no coffee makers . and if you speak to forman/thug assume non threating posture or you may be arrested for being threating {how one threathens a 350 pound thug I dont know, so be careful}

 

[700UW]

The slots at DCA and LGA are collateral for the ATSB loan, so US cant borrow any money on them.

And US does not own any "hubs" the CLT and PHL are owned by the respective cities, US just leases the gates, terminals and other areas, the two airports are not slot controlled therefore you cant claim something you dont own as an asset.

And the major reason why US did not get any DIP financing is because all the assets are all ready encumbered.

 

[mweiss]

Who said anything about borrowing money against them? If someone buys the company, they get the slots.

 

[700UW]

Bob said assets, they are not unencumbered so you cant sell something without permission of the lienholder and 75% of the procedes of any sale of anything has to go to the loan.

 

[BoeingBoy]

"If someone buys the company, they get the slots."

As well as the debt that they secure....

Jim

 

[mweiss]

Naturally, the debt comes along as part of the deal. At issue is whether or not the slots are fairly assessed. If not, then assuming the debt would still be worth the cost.

Put another way, where else is one going to find DCA and LGA slots available for purchase at any price?

 

[usairways_vote_NO]

What about all of the slots at DCA and LGA for starts not to mention the hubs which are up and operational.

[post="246897"][/post]​

Can you say collateral ? oops someone did already

 

[BoeingBoy]

Naturally, the debt comes along as part of the deal. At issue is whether or not the slots are fairly assessed. If not, then assuming the debt would still be worth the cost.

Put another way, where else is one going to find DCA and LGA slots available for purchase at any price?

[post="246925"][/post]​

Fair enough. The question becomes "Are the total assets (some of which a buyer might not be interested in) worth the total cost (purchase price + assumed debt)" or is it better to wait and see what happens (and maybe just pick up only what you want in the liquidation sale).

Jim