Go read the latest filings, America West is now a subsidiary of US Airways Group, HP stockholders were given US stock.
And AWA did not buy US, it is a merger funded by outside investors.
So why is Labor Relations Negotiating a transition agreement with the IAM to being the US/west under the IAM CBA?
hey 700 this was in the just plane news web sight from the company.
bizjournals.com
US Airways outlines merger dangers
Friday November 25, 10:36 am ET
US Airways Group Inc. will face "significant challenges" in consolidating functions with America West Group Holdings Corp. and keeping key personnel, according to a filing with the Securities and Exchange Commission.
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US Airways continues to experience significant operating losses that are likely to continue into next year. The filing says the combined carrier may not perform as expected.
America West bought US Airways, which was operating under Chapter 11 bankruptcy protection, in September in a $1.5 billion deal. The merged airline (NYSE:LCC - News) adopted the US Airways name and made its headquarters to Tempe, Ariz.
just a question for mr 700, if you say per your contract that your contract stays no matter what then why dosen't the next paragraph get enforced: please read and answer don't give me your standard answer that this is not from the real iam contract!
3
Upon a change in control defined as the sale of all or substantially all of the assets 4
or common stock of the Company or US Airways Group in a single transaction (or in 5
multi-step related transactions) to a single purchaser (or a group of purchasers acting in 6
concert), the hourly rates of pay under this agreement shall be increased to the rates 7
which would have been effective following the Pay Parity Adjustment in October 2003 8
under the Pay Parity Letter of Agreement. In addition to such hourly rates of pay, the 9
IAM will have the right to extend the duration of the IAM Restructuring Agreement for 10
one, two or three years at the IAM’s option, past the amendable date of the IAM 11
Restructuring Agreement, with across the board wage increases of four and one half 12
percent (4.5%) on the amendable date and on each of the three (3) annual anniversaries of 13
the amendable date thereafter (i.e. 12/31/08, 12/31/09 and 12/31/10). For the purposes of 14
this paragraph, “Common Stock†is the Common Stock of US Airways Group then 15
outstanding and the Common Stock issuable on exchange, exercise, and/or conversion of 16
securities of the Company or US Airways Group which are then currently exchangeable 17
into, exercisable for, or convertible into such Common stock