UAL ALPA will not agree to put an airline within an airline...

[chipmunn]

Eolesen:

Eolesen said: If a war with Iraq is in full swing in March, it wouldn't surprise me to see Bronner have a change of heart, either.

Chip comments: Eolesen, all of the US unions have agreed to take another 5 percent W-2 cut if war breaks out. Interestingly, this demand was made by Bronner to Siegel and why it was incorporated in the new accords. Bronner is prepared for war and has planned accordingly.

I believe UA and its employees have cooked their own goose and its somewhat ironic that US appears headed out of bankruptcy and UA is heading towards liquidation. Again, it didn't need to be this way.

Chip

 

[Light Years]

Can anyone provide a refresher of exactly how the AA/TWA deal went down? Was TW on the verge of liquidation? Would the TW employees have fared better if the company had been in better financial condition- how closely related is this?
If an airline does liquidate, how are the assets traditionally broken up? For example, say an airline has a hub in XYZ. XYZAir s**ts the bed and chapter 7s. Would other carriers put in bids for those slots, gates, and fa****ies? Or does XYZ, or rather its creditors, pick and choose who they want to give the remains to? If XYZ leased equiptment such as aircraft, are they returned to the lessors or does the successor take those along with route authoritys, slots, etc. Also, say you have ZYX Airlines operating as XYZ Express (contracted, not owned) at the XYZ hub. Do they simply look for a new "host airline" or do they automatically continue thier previous deal with the successor. How has all of this worked in this past?

 

[a320av8r]

Re: the AA/TWA merger, TWA was out of cash and ideas. AA told TWA to file Ch11, this allowed AA to bypass a whole lot of regulatory red tape. If AA had not bought TWA they (TWA) would be in CH7 by now especially after 9/11.
As far as assets after Ch7 goes, all bets are off and its every man for himself.