Report: NWA enlists bankers to bid on Delta

[wnbubbleboy]

Parker might be a moron but he is good at kicking SWA around. His plan is one that works and if SWA did not have fuel hedging they would be losing money.

Ahh.... you took the bait. Now it's tit for tat; mines better than your's.

Unless you or I are cashing in those big stock options checks does it really matter who's a moron?

 

[BottomFeeder]

Kicking around? No. Holding their ground? Yes. Unfornuately for those that work there, Parker's plan revolves around having the lowest compensated mainline employees in the industry.

Yes Doug could have chose to run but he chose to fight head to head.

SWA had the same plan and look at where they are now. They got bigger and now are highly compensated 😉

Bottom line is that SWA would have lost money without fuel hedging.

 

[luv2fly]

Bottom line is that SWA would have lost money without fuel hedging.

No. Bottom line is SWA made money.

 

[BottomFeeder]

No. Bottom line is SWA made money.

So we won't see them getting split up will we?

 

[luv2fly]

So we won't see them getting split up will we?

Now why would they... oh wait. I get it now. Gosh darn. You were trying to be witty again comparing them to DL weren't you?. You are too sly for me feeder. I just can't keep up.

 

[EyeInTheSky]

My guess is that DL employees might change their tune regarding wishing LCC folks would go away. Imagine how much fun there will be with Steeland in charge.

Oh now, behave! 😛

Whatever happens, happens. Personally, I am getting a big kick out of watching the Delta pilots squirm. This is just downright entertaining.

Later,
Eye

 

[luv2fly]

Oh now, behave! 😛

Whatever happens, happens. Personally, I am getting a big kick out of watching the Delta pilots squirm. This is just downright entertaining.

Later,
Eye

Actually, you must like watching your 1000+ furloughed US pilots squirm. At this rate they'll pushing age 60 by the time they return to the cockpit.
Of course, you have to go back to a 1980 something hire date to find a US captain.
Conversations on those flight decks must be similar to those at a geriatric convention.

 

[EyeInTheSky]

Actually, you must like watching your 1000+ furloughed US pilots squirm. At this rate they'll pushing age 60 by the time they return to the cockpit.
Of course, you have to go back to a 1980 something hire date to find a US captain.
Conversations on those flight decks must be similar to those at a geriatric convention.

luv2fly,

Yeah, a lot of guys are on Geritol, but at least they know what they're doing up there. Even the FAA has determined "if" there is a merger you guys will be utilizing US Airways flight ops procedures. Even they know...

Later,
Eye

 

[luv2fly]

luv2fly,

Even the FAA has determined "if" there is a merger you guys will be utilizing US Airways flight ops procedures. Even they know...

Later,
Eye

Really? Where did you see that? I would think it way to early in the process to determine such things.

 

[EyeInTheSky]

Really? Where did you see that? I would think it way to early in the process to determine such things.

US Airways' head FAA inspector who was on the jumpseat. Apparently, the FAA has already been discussing the scenerios and have determined which company's operating procedures it would like to implement "if" a merger were to happen. Ask your flight ops department, they're familiar with US Airways ops as the FAA made them go to US Airways to learn how to do it better. No joke.

Later,
Eye

 

[luv2fly]

Ask your flight ops department, they're familiar with US Airways ops as the FAA made them go to US Airways to learn how to do it better. No joke.


Later,
Eye

Interesting. I will. I know the POI for DL. Thanks for the info.

 

[EyeInTheSky]

Interesting. I will. I know the POI for DL. Thanks for the info.

As you are aware, we worker bees have little say in any of this. We're not the bad guys you know. Fly safe!

Later,
Eye

 

[luv2fly]

We're not the bad guys you know. Fly safe!

Later,
Eye

Yea I know that Eye, but if we all got along, how much fun would that be?
Fly safe.

 

[Redbone]

On Friday, the carrier filed papers with the US bankruptcy court saying it plans to hire financial advising company Evercore Group LLC to help it examine “strategic alternatives,â€￾ including the possibility Northwest could merge with another carrier… or even acquire a competing airline, similar to what US Airways is now trying to do with Delta.

“Evercore’s work will be focused on broad strategic alternatives in the airline industry generally,â€￾ Northwest said in a court filing last week, according to Reuters. The airline “selected Evercore because of its experience and qualifications in providing financial advisory services and strategic advice in complex restructurings, mergers and acquisition.â€￾

If the bankruptcy court signs off on the proposal, Northwest would pay Evercore an upfront fee of $275,000, and a monthly fee of $75,000.

If that sounds like a high price to pay for strategic alternative examination, consider that Evercore would also receive a $3 million advisory fee once Northwest emerges from Chapter 11, whether the airline goes ahead with possible merger plans or not.

Should Northwest complete a merger or acquisition of another carrier, Evercore will receive another $2 million on top of that.

Analysts say Northwest’s move could accelerate the game of musical chairs now playing out among domestic airlines. Many suspect that should US Airways not go through with its plan to take over Delta, Northwest would likely be there to pick up the pieces, and make a move on Delta of its own.

Then again, the airline could also set its sights on Continental, instead. Stay tuned."

NOTHING in the document states OR be AQUIRED. One would assume it that is what they are looking for it would be stated just as it was with the other two mentioned options.

 

[Gilding the Lily]

Should Northwest complete a merger or acquisition of another carrier, Evercore will receive another $2 million on top of that.
...
NOTHING in the document states OR be AQUIRED. One would assume it that is what they are looking for it would be stated just as it was with the other two mentioned options.

The article you got those quotes from was in the Financial Times. Why don’t you just word it as the article did? It read as follows:

"Evercore will receive an upfront fee of $275,000, a monthly retainer of $75,000, a $3m fee when Northwest emerges from bankruptcy and $2m if it closes an "M&A transaction".

Thus, even this article leaves open the option of BEING ACQUIRED.