Is It True?
- Thread starter AnalyzeThis
- Start date
DFWCC said:
Sounds like our boards right after 9/11 ! If we make it , ( and it might take that UAL merger out of Chap 11 to do it ) we will see AA DAL CAL and NWA scrambling and eventually A. Chap 11 B. Concessions round 1 C. Pensions gone
D.Chap 11 partII E. Conncessions round II F. More mergers
All in our rear view mirror ! But first WE GOTTA MAKE IT !
whlinder said:
http://www.washingtonpost.com/wp-dyn/artic...n12.html?sub=AR
Another Senior Executive Set to Leave US Airways
By Keith L. Alexander
Washington Post Staff Writer
Wednesday, January 12, 2005; Page E03
A senior US Airways executive who helped design the troubled airline's restructuring is in final talks to leave the carrier for a senior position at Spirit Airlines, sources familiar with the move said yesterday.
algflyr said:
from the post article:
"The management team has been decimated," said David N. Siegel, a former US Airways chief executive who was forced to resign in April after clashes with the airline's labor groups. "Unfortunately, there is nobody left to run the company."
One US Airways board member -- speaking on condition of anonymity because of the sensitivity of the matter -- said Baldanza's resignation is a threat to the airline's future. "The airline is redesigning itself, and it's important to have somebody there such as him with such in-depth comprehension," the board member said.
interesting statement from siegel !
USA320Pilot
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Baldanza would understandably like to run an airline and nobody cannot be replaced. I believe there is a suitable replacement in the wings.
What's important is the support of the financial community. The pending ATSB announcement, with Moddy's Bill Warlick the government's auditor and Lazard monitoring the finances, will be a strong signal on the government's view of the company's long-term prospects.
With GE, Bombardier, Embraer, Govco, and Citigroup joining the ATSB to provide financing during bankruptcy, the financial community is supporting the airline.
If that does not change, the future could be compelling.
Expect 3 CRJ and 3 EMB aircraft delivery announcements after the ATSB announcement, followed by more RJ aircraft shortly thereafter.
Furthermore, do not be surprised if there is a corporate transaction following the company's emergence.
Regards,
USA320Pilot
What's important is the support of the financial community. The pending ATSB announcement, with Moddy's Bill Warlick the government's auditor and Lazard monitoring the finances, will be a strong signal on the government's view of the company's long-term prospects.
With GE, Bombardier, Embraer, Govco, and Citigroup joining the ATSB to provide financing during bankruptcy, the financial community is supporting the airline.
If that does not change, the future could be compelling.
Expect 3 CRJ and 3 EMB aircraft delivery announcements after the ATSB announcement, followed by more RJ aircraft shortly thereafter.
Furthermore, do not be surprised if there is a corporate transaction following the company's emergence.
Regards,
USA320Pilot
PSA1979 said:
When you look at in perspective, is it really that bad. BBB had a tendency to antagonize our most valued customers and RASM has been declining quarter over quarter. When Continental was going through CEO after CEO in the 1990's, i think it was 6 in 6 years, the same comment was probably made when Bob Ferguson left. As fortune would have it for CAL, Gordon Bethune was his replacement. It could be bad, on the other hand fate sould smile on the airline with the replacement. Darn it, where is that magic 8-ball.
Well, the problem is, that for a company which is an increasingly risky employer, it will likely not be able to afford anyone significantly better than BBB. In fact, if an outsider is chosen, it would likely be somebody with less experience looking to move up and hope for the best. Sometimes these things work out, sometimes they don't. If US Airways cannot find a suitable outside replacement, then you get somebody from inside the organization, who is probably not going to do much different.
Case-in-point... USA320Pilot's comments about ordering more CRJ700's and ERJ-170's... How many low fare airlines are ordering significant quantities of Regional Jets? Answer: None. My point: Nothing has changed.
Case-in-point... USA320Pilot's comments about ordering more CRJ700's and ERJ-170's... How many low fare airlines are ordering significant quantities of Regional Jets? Answer: None. My point: Nothing has changed.
BoeingBoy
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mweiss said:He probably means UA acquiring US.
[post="238362"][/post]
I know you're kidding, Michael, but if a carrier had some available cash lying around (it wouldn't take much), they might be smart to buy both airlines just to liquidate them - keeping the bits and pieces that were attractive, of course.
Just a thought.....
Jim
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USA320Pilot said:
This is intentionally exaggerated, misleading, or both.
Citi and Govco are ATSB lenders. They are, quite literally, loaning money to a wino in the street (if he defaults, the feds will pay them back). Nothing is at risk.
GE is fully collateralized, reclaiming aircraft, and has a fat convertible note waiting if things actually do work out. Hardly a vote of confidence.
It's one thing to report what is happening, it's something quite different to insinuate investor confidence in the overwhelming face of evidence that it simply does not exist.
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