jimcfs
Veteran
Ahh, to be a cautionary tale.
someone said "if you can't be a good example, be a really good warning"
http://www.chicagotribune.com/business/chi...1&track=rss
You linky doesn't work, galley princess.
Ahh, to be a cautionary tale.
someone said "if you can't be a good example, be a really good warning"
http://www.chicagotribune.com/business/chi...1&track=rss
You linky doesn't work, galley princess.
It would appear the chips will soon begin to fall...
http://www.ajc.com/business/content/busine...age_tab_newstab
that the company's "thoughtful look at consolidation is focused on whether it could allow us to do things for employees that couldn't be accomplished otherwise or as quickly — things like accelerating our long-term commitment to improve compensation to industry standard wages, and other growth opportunities.
This is intersting....an old Arizona Republic article from 2005 indicating Air Canada was considering joining the HP-US merger. Didn't happen back then, but what about now?
The Arizona Republic
Apr. 30, 2005 12:00 AM
Another airline has been linked to a possible America West merger with US Airways.
The latest speculation focuses on Air Canada. The Toronto Star this week quoted a "Wall Street source" as saying the carrier may be in talks with both US Airways and America West Airlines in a deal that may see Air Canada take on international traffic while a combined US Airways-America West handles domestic U.S. traffic. It did not mention how such a deal would be structured.
Imagine hammering out the union details BEFORE the merger too. Wow, I'm workin for the wrong airline.
EMBFA,If that were the cAAse, they'd take the assets, ditch the employees, and follow suit with the assets a couple years later. A clAAsic AA acquisiton.
EMBFA,
MAAbey. Anyway, word on the Ft. Worth street is that Doogie has made a number of visits to nAAzi central lately. Even more interesting is the fact that all the big employee contracts at AA are up for renegotiations this year. Who knows what is going to happen.
Later,
Eye
Anyway, word on the Ft. Worth street is that Doogie has made a number of visits to nAAzi central lately.
Arpey told him to stop groveling,he wasn't getting his old job back and had him escorted from the Reich Chancellery.![]()
This is intersting....an old Arizona Republic article from 2005 indicating Air Canada was considering joining the HP-US merger. Didn't happen back then, but what about now?
The Arizona Republic
Apr. 30, 2005 12:00 AM
Another airline has been linked to a possible America West merger with US Airways.
The latest speculation focuses on Air Canada. The Toronto Star this week quoted a "Wall Street source" as saying the carrier may be in talks with both US Airways and America West Airlines in a deal that may see Air Canada take on international traffic while a combined US Airways-America West handles domestic U.S. traffic. It did not mention how such a deal would be structured.
Air Canada's chairman didn't rule out a possible merger for the airline on a conference call, the newspaper reported, but he seemed to be commenting on its role in industry consolidation in general. The discussion was a footnote in a story about the airline's $6 billion order for Boeing jets this week.
"Consolidation in the North American industry is inevitable," said Robert Milton, chairman of the airline's parent company. "To the extent Air Canada is or isn't part of that is yet to be determined."
The airlines are not strangers to each other.
Air Canada and US Airways are both members of the same airline alliance, the Star Alliance, a network of airlines that feed passengers to each other globally. They also have both used Seabury Group for investment banking.
On the America West side there's a Texas Pacific Group connection. The private equity firm brought America West out of bankruptcy a decade ago and, together with Air Canada, invested in Continental Airlines to bring it out of bankruptcy in 1993.
TPG still owns a controlling interest in America West and is seen as a key player in any merger. The extent of its role is unclear.
Rick Schifter, managing partner of TPG, wouldn't comment at an airline conference in Phoenix this week. But his overall comments on industry consolidation seemed to suggest that the airline is lukewarm on any further investments at this point.
He said the industry is "still sucking wind" because the success of low-cost carriers have brought about dramatic change in the rest of the industry.
"That gives us some pause as we look at the industry today," he said.
He also said the firm, a legendary bargain hunter, doesn't see a lot of steals out there because there is so much capital chasing few deals. That drives prices up.
He said they continue to keep an eye on the industry, "but we're fairly cautious at this stage."
Arpey told him to stop groveling,he wasn't getting his old job back and had him escorted from the Reich Chancellery.![]()
A Freind of Mine Had Scott Kirby On His Flight And He Asked Him If We Would Merge With Anyone And He Said Scott Told Him That "We Have Talked To Another Airline But He Would Not Say Who And That The Current Mgmt Would Run The Company" He Also Said For 2009 Tel Aviv, Moscow and Birmingham Were To Be The Next Destinations!
emb . i have been told this by kirby (about the routes) via e-mail. it will indeed be moscow,birmingham,and tel-aviv. now about a merger partner ...who knows. hope your well.Unless the above is the title of a song, don't capitalize every word. It would also be easier to read if you would break it up into more easily digested sentences instead of one long crazy-person blurt.
Again, executives do not announce M&A plans or route applications to inquisitive stews over coffee on a flight.