US Airways' Wholly Owned Subsidiary America West Holdings Corporation

[700UW]

Article

Check out the lead of the article for all you doubters!

Press Release Source: US Airways Group, Inc.

US Airways' Wholly Owned Subsidiary America West Holdings Corporation Gives Notice to 7.5 Percent Convertible Note Holders
Monday March 27, 2:24 pm ET

TEMPE, Ariz., March 27 /PRNewswire-FirstCall/ -- America West Holdings Corporation, a wholly owned subsidiary of US Airways Group, Inc. (NYSE: LCC - News), announced today that it has given notice of full redemption to the holders of its 7.5 percent Convertible Senior Notes due 2009 (the "Notes"). The redemption date of the Notes has been set for April 13, 2006. The aggregate principal amount outstanding of the Notes is $112,299,302.

 

[700AW]

Article

Check out the lead of the article for all you doubters!

Press Release Source: US Airways Group, Inc.

US Airways' Wholly Owned Subsidiary America West Holdings Corporation Gives Notice to 7.5 Percent Convertible Note Holders
Monday March 27, 2:24 pm ET

TEMPE, Ariz., March 27 /PRNewswire-FirstCall/ -- America West Holdings Corporation, a wholly owned subsidiary of US Airways Group, Inc. (NYSE: LCC - News), announced today that it has given notice of full redemption to the holders of its 7.5 percent Convertible Senior Notes due 2009 (the "Notes"). The redemption date of the Notes has been set for April 13, 2006. The aggregate principal amount outstanding of the Notes is $112,299,302.

Have you ever noticed when one goes to the US Airways website and clicks on the investor relations tab under the About Us Airways tab, one automatically gets rerouted to the AWA Investor page. HHMMmm...............
and on a related note under the FAQ's #6 In what year and where was US Airways Group, Inc. incorporated?
A. US Airways Group, Inc. was formed September 27, 2005 as a Delaware Corporation.

 

[700UW]

US Airways group has been around a lot longer then that, the date is the new US group.

 

[700AW]

US Airways group has been around a lot longer then that, the date is the new US group.

where is the old US Airways group at?????

 

[700UW]

It reincorporated.

 

[700AW]

It reincorporated.

how does one "re-incorporate"???
if they did there would still be 2 union seats on the board, HQ would be in CCY, Parker could be new CEO, but it would be the same old thing as before....
How do you explain the AWA investor page????

 

[700UW]

The union seats were three not two and they were removed in the last round of concessions.

HQ can be anywhere.

 

[cltbay1homie]

pay no attention to the Man behind the curtain. B)

how does one "re-incorporate"???
if they did there would still be 2 union seats on the board, HQ would be in CCY, Parker could be new CEO, but it would be the same old thing as before....
How do you explain the AWA investor page????

 

[PHX-F/A]

Delaware has very corporate friendly laws of Incorporation. Maybe the old US was a PA corporation, or a VA corp... AWA was a Delaware Corporation.

For the business it makes sence to incorporate in Delaware because the laws are much more favorable than say, California, or Massachusetts. They don't even have to maintain an office there.

 

[FWAAA]

how does one "re-incorporate"???
if they did there would still be 2 union seats on the board, HQ would be in CCY, Parker could be new CEO, but it would be the same old thing as before....
How do you explain the AWA investor page????

LCC reincorporated by merging the old USAirways into America West. America West then changed its name to USAirways.

Essentially, the old USAir exists only as an operating certificate. Why the AWA investor page? Because America West is the surviving corporation (even though its name changed to USAirways).

There are plenty of other ways to reincorporate, but the merger of the corporation into a Delaware corp (US into AWA) is an easy way to do it.

 

[FlyDeMetrius]

Why are we still discussing this?

 

[700AW]

LCC reincorporated by merging the old USAirways into America West. America West then changed its name to USAirways.

Essentially, the old USAir exists only as an operating certificate. Why the AWA investor page? Because America West is the surviving corporation (even though its name changed to USAirways).

There are plenty of other ways to reincorporate, but the merger of the corporation into a Delaware corp (US into AWA) is an easy way to do it.

that is what we on this side have been thinking, the old US and HP were merged into the new US, a new holding company that kept the name, that explains the "born on date" of 27sep2005, with the awahc being the principle of the NEW US holding comapny... therefore hoe accurate is it to say that the POR has to be followed because the old US does not exist on paper anymore??? and to that how is the IAM CBA automatically declared the winner, it was made with a company that no longer exist, on paper.

 

[700UW]

Because the merger and all its plans were in the POR which has to be followed by law.

And SCS grants the IAM CBA covers all. Past practice and years and years of precedents.

 

[700AW]

Because the merger and all its plans were in the POR which has to be followed by law.

And SCS grants the IAM CBA covers all. Past practice and years and years of precedents.

where in the SCS ruling does it state that the IAM CBA is the only option

 

[700UW]

Do you have comprehension problems?

When SCS is granted the union that gets it CBA is the one everyone falls under.

PSA and PI, both went under the US IAM CBA, as did Trump Shuttle.

TWA employees went under the AA contract.

Republic employees under the NWA contract.

Do I need to continue?