...I would move the location for Tuesday's reported meeting between US Airways and AMR Corp.'s UCC.
According to Susan Carey of the WSJ, arguably the most respect airline reporter, "American Airlines creditors committee and US Airways are set to meet on Tuesday to discuss revenue increases and cost savings that could be realized in a merger as part of crucial negotiations that could determine whether the rival airlines pursue a deal, said people familiar with the plans. The gathering is viewed as significant because potential financial synergies are among the most critical issues that will determine whether a marriage will create a more valuable airline for creditors of American parent AMR than another plan for the company to reorganize independently, the people said. Lawyers and bankers advising the parties are expected to attend the meeting, and some airline executives could also be present, some of the people said."
"One person cautioned the date of the meeting could change," Carey noted.
I was was Doug I would move the meeting from the New York offices of Weil, Gotshal & Manges LLP, the law firm representing American, because of the State of Emergency and effects of Hurricane Sandy and the cold front moving eastward.
The meeting is important because as Carey indicated it "is part of an effort to get the airlines and American's creditors to come to some kind of consensus on how much additional revenue and costs savings a marriage would generate, said people familiar with the process."
This week there are a number of important proposed merger dates including:
October 29 - Printing of APA Flightline magazine with a featured articles titled “The Merger Reality: Bigger is Better.”
October 30 - US Airways-AMR UCC meeting at Weil, Gotshal & Manges LLP
October 31 - End of NDA "black out" communications period
October 31 - November APA BOD meeting
October 31 - APA Informational Picketing DFW Airport’s Terminal D
November 1 - AMR's desired date to have an APA CBA TA
November 2 - End of APA BOD Meeting
According to Susan Carey of the WSJ, arguably the most respect airline reporter, "American Airlines creditors committee and US Airways are set to meet on Tuesday to discuss revenue increases and cost savings that could be realized in a merger as part of crucial negotiations that could determine whether the rival airlines pursue a deal, said people familiar with the plans. The gathering is viewed as significant because potential financial synergies are among the most critical issues that will determine whether a marriage will create a more valuable airline for creditors of American parent AMR than another plan for the company to reorganize independently, the people said. Lawyers and bankers advising the parties are expected to attend the meeting, and some airline executives could also be present, some of the people said."
"One person cautioned the date of the meeting could change," Carey noted.
I was was Doug I would move the meeting from the New York offices of Weil, Gotshal & Manges LLP, the law firm representing American, because of the State of Emergency and effects of Hurricane Sandy and the cold front moving eastward.
The meeting is important because as Carey indicated it "is part of an effort to get the airlines and American's creditors to come to some kind of consensus on how much additional revenue and costs savings a marriage would generate, said people familiar with the process."
This week there are a number of important proposed merger dates including:
October 29 - Printing of APA Flightline magazine with a featured articles titled “The Merger Reality: Bigger is Better.”
October 30 - US Airways-AMR UCC meeting at Weil, Gotshal & Manges LLP
October 31 - End of NDA "black out" communications period
October 31 - November APA BOD meeting
October 31 - APA Informational Picketing DFW Airport’s Terminal D
November 1 - AMR's desired date to have an APA CBA TA
November 2 - End of APA BOD Meeting
