You have got to be kidding me! Me misrepresenting information? Does anyone(that was on the east in 2000-2001) support USA320 on this?
You need to learn to read and not just post. I never said that you said the UA merger was a done deal, that was someone else. But, you did put out reams of posts supporting just that point. Every time I read your posts about it, I thought "I just don't see it".
You might not operate unbiased facts, but you post them on here often. Many of those posts are introduced by one of your "questions" that are thinly veiled, cover your axx accusations. As I've asked about what you forward, how can a question be a fact?
Did you quote Brookman's testimonies in your post? If so I will go back and read it, if not I will look forward to your correction.
Ok, I went back and saw your link. The problem is that you link was to unbiased facts, and unsigned website with no way to ask question or rebut their information, so I tend to skip it when I see it. I still don't know Brookman and cannot speak to why he may or may not have done something. Donn B. also testified for USAPA on this, do you hold him in such disdain?
The FACT is, you do not have much credibility among your peers. I'm sorry for that, but you did it.
I believe you need to read the company's opening statement and look at the exhibits. I posted part of the company's testimony for you.
As far as credibility those who object to my thoughts are those who go us in trouble. The RC4/5, the Hardliners, and the UELs who misrepresent information, mislead others, and flat out lie.
AS far as the UAL transaction I won't go and post the links to the articles that supported my reports, unless you want me to do that again.
Here is what happened to the 2000 deal, which you can believe or not - I really don't care (By the way who first reported US Airways and United would submit the Hart-Scott-Rodino Act notice to the federal government?):
On July 12 UAL Corp. and US Airways jointly submitted their 21-day Hart-Scott-Rodino Act notice to the Justice Department. This notice advised the government of the airline’s intent to complete the proposed transaction and required the regulators to render an antitrust opinion by August 1. Regulators told sources that UAL submitted the final requested documentation to the Antitrust Division on July 13 and the parties genuinely tried to complete the deal.
On July 23 all interested parties met in Washington at the Department of Justice and the airlines aggressively lobbied the federal government to not oppose the transaction. The parties in attendance included airline senior management (from UAL, US Airways, AMR, and DC Air), the company’s antitrust attorneys, States Attorneys Generals from Pennsylvania, New York, and Maryland, Senator Arlen Specter (R-PA), and the Justice Antitrust Division staff lead by Deputy Attorney General for Antitrust Hewitt Pate.
Reports indicate both UAL and US Airways aggressively sought to complete the deal, but no one knows for sure if UAL’s efforts were designed to complete the transaction or to avoid a potential breach-of-contract lawsuit. Nonetheless, Pate was said to be a “problem solver” versus “problem maker” and he tried to broker a deal that the federal government believed was within established M&A guidelines and case law. The airlines had no choice but to submit the original UAL-US Airways MOU, amended by the UAL-AMR Corp. January 9 agreement, to complete the transaction by the August 1 termination date, because any material change would require up to another four month regulatory review per M&A law.
During the July 23 meeting at the Justice Department reports indicate Pate offered a solution for the deal to proceed with a government “no action” letter. The proposed changes included eliminating DC Air, selling Washington National gates/222 slots to an established carrier(s), if this carrier was AMR eliminate the Shuttle Joint Venture/limits on American Airlines growth to permit AMR to create its own independent Shuttle, and sell approximately 15 PHL gates to provide effective competition for both the post-merger route monopoly/duoply issue.
Reports indicate UAL was agreeable to the governments requirements provided there would by no labor interference. Why? Simply put UAL found itself in a “catch 22”. The Chicago- based airline was projected to lose over $1 billion during the year, it was experiencing a serious increase in costs, like other airlines has witnessed a stunning year-over-year revenue loss of approximately 10%, and had limited access to the capital markets. With open labor contracts for the mechanics and ramp workers, coupled with the AFA mid-term wage increase demands/scope clause issue, UAL could ill afford to complete the transaction and pay $4.3 billion for US Airways (minus the capital obtained from the post-merger divestitures) plus assume $8.1 billion in debt, if the airline was going to face continued labor unrest.
Reports indicated UAL chairman Jim Goodwin approached the unions about UAL’s predicament and the IAM was generally agreeable, but the AFA was not. The AFA said they would support the transaction and waive their scope agreements provided the company would provide the Flight Attendants with a pilot type wage increase of 20%. The company rejected the AFA demand and when the union filed its lawsuit in U.S. District Court on July 26, UAL could not accept the governments brokered plan to complete the merger transaction(s) and the deal(s) collapsed.
Faced with no alternative and the airlines request to have the regulators announce their decision by July 27, the government was forced to issue its press release announcing it would seek injunctive relief to block the merger if the airlines attempted to complete both the UAL-US Airways and UAL-AMR transactions. In response, the airlines elected to jointly terminate the MOU and US Airways agreed to accept the $50 million termination fee. These two steps eliminated a US Airways potential breach-of-contract lawsuit and there was widespread speculation US Airways will not seek damages because the airline did not want to jeopardize any future relationship with United Airlines. Nonetheless, immediately after announcing the deals joint termination UAL surprisingly issued a “curious” statement.
The airline said, "UAL Corporation intends to work with US Airways to determine the appropriate steps that need to be taken now that US Airways has acknowledged that the merger with United will not go forward.” This statement has increased speculation the airlines may at some point revisit a corporate transaction, but before that could be accomplished both carriers needed to rectify a number of outstanding issues, but that too was superseeded by September 11, which through the entire industry in chaos.
Clearly senior management at both airlines were disappointed in their inability to complete the deal and the potential or maybe even the liklihood of another deal could be just over the horizon.