Joesy said:
To Dave:
Look, you need to stop pissing off the big creditors buddy. YOu will be the sole reason why we lose 35,000 jobs! Be smart and get focused for once...Take the Alabama pension deal!
And for those of you who blindly and unintelligibly say Dave has the right to take a lowball offer over a competitive one, realize this, the judge has creditors breathing down his neck with good case law. The Judge will not be letting US AIRWAYS piss on creditors because it says WE BROKE MAN, and then goes into a backalley type deal with TPG that is significantly less. I wish I were TPG...paying only $200 mill for almost 40% of this airline...what the heck is going on? I smell someone getting their pockets lined!
DCAfyer says:
There are no back alley deals going on. Everything is squarely in front of the bankruptcy judge.
What is going on here is simple. The creditors, and the aircraft lessors in particular, are fighting very fervently because they know that if U gets its lease rates reduced, or is allowed to return aircraft and pick up some of the sweetheart deals on planes parked in the Mojave, the other airlines will attempt to follow suit. Whether or not the other airlines are successful remains to be seen, since they will have to file bankruptcy like we did, and they will have a harder time convincing a judge that there is an immediate need and impending financial doom to their operations. But the future of this industry may very well come down to this.
DCAflyer