jimcfs
Veteran
You linky doesn't work, galley princess.
Merger Partner - ALL US Merger Talk Here
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You linky doesn't work, galley princess.
D
delta777
Guest
Works for me.
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."
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."
Hey.. Chill Out
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Wow..... I want to work for this CEO. Parker could learn a lot from this dude!
Imagine hammering out the union details BEFORE the merger too. Wow, I'm workin for the wrong airline.
PA18
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Back in the early 90's, there was a "Big Announcement" that US and AC were going to enter into a "strategic alliance". It was the lead story in the company newspaper.
That whole deal was quickly cast aside when the BA investment and wet-lease deal happened. (And that deal was kiboshed by the BA-AA alliance.)
Parker had 20 months from the consummation of the merger to the Nicolau award to negotiate a contract with the pilots. Because he chose, typical of today's airline management, to foot-drag and low-ball the negotiations, he is now stuck with the nuclear war between the pilot groups. Had he agreed to a fair contract with the pilots before Nicolau, not only would the contract be a done deal, but so would the pilot seniority list.
EyeInTheSky
Veteran
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
signals
Veteran
OMG, somebody drill a hole in my head so that my brain can ooze out! MERGER, MERGER, MERGER, etc...infinity!!!
Here's a new one. But I bet it changes.
You can't keep up with all the airline merger talks! For now it is just speculation and rumor. It seems that everyone is trying to get into the act, though.
Here's a new one. But I bet it changes.
You can't keep up with all the airline merger talks! For now it is just speculation and rumor. It seems that everyone is trying to get into the act, though.
jimntx
Veteran
I doubt seriously that the contract issue will have anything to do with anything for the foreseeable future. AMR is a master at dragging out negotiations as long as possible/necessary. A little history regarding flight attendant contracts...
1. 1987 - Contract ratified. This was the infamous "B" scale contract. (Though to those who were never paid B scale, it is referred to as the "7-year A scale merge" contract.
Before any of you AA long-timers get your panties in a wad, that is the phrase used on the APFA website.)Don't know when negotiations started for the next contract, but
1. 1993 - 5-day strike
2. 1994 - 3-member arbitrator panel brought in.
3. 1995 - Final piece of contract ratified by membership. (This was the contract in force when I started in Sept, 2000.)
Again, don't know when next negotiation started, but I was told that at the time the current contract was ratified in Sept., 2001, the negotiations had been going on for over 4 years. The current contract, as modified and extended by the 2003 RPA (Restructuring Participation Agreement), becomes modifiable in April this year. I wouldn't look for a quick resolution if I were you.
Whatnow?
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LGA Fleet Service
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Arpey told him to stop groveling,he wasn't getting his old job back and had him escorted from the Reich Chancellery.
YVINTERN
Veteran
Arpey told him to stop groveling,he wasn't getting his old job back and had him escorted from the Reich Chancellery.
That's not what I heard happened...in actuality I heard from a Pilot's friend who's a ramper at MKE who heard it from a shift manager in PWB who also heard it from Dougie's Wife that Doug was at AA to buy some heavies 😉
PHLfa88
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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!
EyeInTheSky
Veteran
Arpey told him to stop groveling,he wasn't getting his old job back and had him escorted from the Reich Chancellery.
LGA Fleet Service,
No, no, no. I heard he was slurring not groveling. And, it wasn't about getting his job back he was reminding Arpey that they would be the NUMBER THREE airline now with all these mergers. Who knew that would bring US and AA closer together NUMBER THREE and NUMBER FOUR? 🙄
Later,
Eye
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.
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.
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