Not according to the little unemployed and angry Troll Cleardirect. In fact the money folks were attempting to put USAirways together with Franke Air the year prior. What stopped them was the fact USAirways pilots had a retirement plan, and we all know what Franke had given his boys. And what they had negotiated, ZERO, not even a DC Plan. So something had to give.....You can thank your ALPA MEC for that, and for the Nicolau. USAPA is the best move you ever made.
"Even before the second bankruptcy filing of 2004, one of the alternatives US Airways Group explored was a possible merger with America West, as the two airlines had complementary networks and similar labor costs. The parties held preliminary discussions and conducted due diligence from February through July 2004. Ultimately, these talks ended due to issues related to labor,
pension, and benefit costs. By December 2004, US Airways had cut labor costs significantly. Its investment adviser, the Seabury Group, suggested putting the airline up for sale. The following month, US Airways Group and America West Holdings resumed their discussions. On May 19, 2005, both airlines officially announced the merger deal,
structured as a reverse takeover. Financing for the deal was supplied by outside investors including Airbus S.A.S., an aircraft manufacturing subsidiary of EADS, the European aerospace consortium. Air Wisconsin Airlines Corporation, operator of numerous US Airways Express flights, and ACE Aviation Holdings, the parent company of
Air Canada, also bought shares in the combined airline. The merged airline retained the US Airways name to emphasize its national scope, as well as to capitalize on US Airways' worldwide recognition. On
September 13, 2005, America West shareholders voted to approve the merger agreement, and three days later the U.S. Bankruptcy Court for the Eastern District of Virginia approved US Airways' emergence from bankruptcy, allowing the merger to close on September 27."