Change Of Control, Who Will YOU Blame? IAM or US AIRWAYS Managment?

[leprechaun]

Man that fascist pigs' face still pisses me off.

 

[lithuanian]

It's binding. US AIRWAYS best chance would be to further delay the inevitable by agreeing to a deal with the IAM even after a favorable award. The IAM seems VERY willing to appease your company. For further ruling on what "Top" RLA attorneys think about this issue, then read the little snippit I posted regarding this question on the link I provided here

Once the decision is made by the arbitrator, then any award that your company does not want to pay, may force penalites, fees, interest, or fines on the continued violation. It may be the equivalent of holding the winnings of the winning lotto ticket and placing it into a CD for a short time before you can collect the mega money. Leave the crumbs for the greedy pricks.

regards,

The government, Arbitrator, has the last word. The new US Airways will go ahead at this point. All parties will Scramble and waste precious monies, but the government will prevail. Stop, second guessing. This airline has to play the rules. We, don't really fit. We're all players.

 

[lithuanian]

It's binding. US AIRWAYS best chance would be to further delay the inevitable by agreeing to a deal with the IAM even after a favorable award. The IAM seems VERY willing to appease your company. For further ruling on what "Top" RLA attorneys think about this issue, then read the little snippit I posted regarding this question on the link I provided here

Once the decision is made by the arbitrator, then any award that your company does not want to pay, may force penalites, fees, interest, or fines on the continued violation. It may be the equivalent of holding the winnings of the winning lotto ticket and placing it into a CD for a short time before you can collect the mega money. Leave the crumbs for the greedy pricks.

regards,

Let's now wait for the government that has been bombarded with airlines requesting for help with the ATC to reduce costs, that the Arbitor, will look favoribly on a Union or look for decisions that make America's airlines the leaders in the global industry. I don't think the little guys have anything to say on the issue. Neither, the CEO' of US AIRWAYS! The US government will dictate the results of our airline. We are the players!

 

[Tim Nelson]

EAGER????
They just almost sold your souls to the devil and now they are eager? What a joke!

The IAM was forced to go to arbitration. They wanted NO PART OF IT. The membership is the reason why the IAM is finally enforcing the grievance. Hayden/Canale/Parker agreed to throw the grievance down the toilet.

regards,

 

[700UW]

Actually Tim the arbitration was never cancelled the M&R was proceding with it no matter what fleet did.

It is a joint arbitation case between bot districts, no matter what fleet did, M&R is going full steam ahead with it.

 

[john john]

Actually Tim the arbitration was never cancelled the M&R was proceding with it no matter what fleet did.

It is a joint arbitation case between bot districts, no matter what fleet did, M&R is going full steam ahead with it.

WOW one union acting like two. The company loves that.

 

[skinvalve]

My majic "8" ball says the IAM will loose the COC arbitration case. The announcement will be made between Thanksgiving and Christmas. Then sit back and watch THE MOTHER OF ALL MELTDOWNS.

 

[Mr Eagle]

The US AIRWAYs Management People: Really Beleave that this C.O.C. Arbitration Will Favor The Company, Go ahead & Ask Parker @ The Next Town Hall Meeting.
🙂 :blink:

 

[700UW]

Might want to check this out, SEC Filing:

Change of Control

Completion of the merger between US Airways Group and America West Holdings Corporation on September 27, 2005 constituted a "change of control" under the Exchangeable Notes and required America West Airlines, Inc. to make an offer to holders to purchase those notes within 30 business days after the effective time of the merger at a purchase price of $343.61 per $1,000
principal amount at maturity. Under the terms of the Exchangeable Notes and the related Guarantee and Exchange Agreement, dated as of July 30, 2003, between America West Holdings Corporation and U.S. Bank National Association, as trustee (the "Trustee"), as supplemented by the Guarantee and Exchange Agreement Supplement No. 1 among America West Holdings Corporation, US Airways
Group and the Trustee, dated as of September 27, 2005 (the "Exchange Agreement"), America West Airlines, Inc.'s obligation to purchase the Exchangeable Notes was satisfied at US Airways Group's election by delivery of shares of US Airways Group common stock having a "fair market value" of not
less than $343.61 per $1,000 principal amount at maturity. For this purpose, "fair market value" means 95% of the market price of US Airways Group common stock calculated as the average closing prices over the five business days ending on and including the third business day before the purchase date.

 

[jack mama]

I have no dog in this fight, but I'm pretty sure the SEC's definition of Change of Control doesn't mean anything in this matter. Wasn't Change of Control defined in the IAM agreement? What does it say there?

 

[insp89]

I have no dog in this fight, but I'm pretty sure the SEC's definition of Change of Control doesn't mean anything in this matter. Wasn't Change of Control defined in the IAM agreement? What does it say there?

You say that you're "pretty sure"?

I dare say that it will mean PLENTY to the Arbiter what the SEC says concerning the COC.

I have the IAM agreement right in front of me, and I can see why the company put their
tails between their legs last February, and ran away from arbitration.

 

[redeye]

I confronted Dougweiser With The SEC filings at the CLT Town Hall Meeting earlier this
year. His reply was "I'm going to have to get a better lawyer to dispute that".
Maybe he needs a magician!!

 

[redeye]

You know,

Technically all groups will be able to benefit from the establishment of Change
of Control. Being that we technically worked for a different airline, eligible employees
can get retirement benefits from the old USAirways while working for the new USAirways.


Hmmmm

 

[700UW]

The change of control is only for wages, nothing else.

 

[redeye]

The change of control is only for wages, nothing else.

Im not talking contractual, but legal implications on change
of control and retirement issues.