nycbusdriver
Veteran
You have a job. Absent the meger AAA would have been liquidated. That was the plan that SWA, DAL, JBLU and others were all counting on.
You can't know that. Parker did say it, but he also said AW would also have been in bankruptcy. But the westies seem only to have consistently heard the first part.
In February, 2005 (about two weeks after the then-CEO Bruce Lakefield said that there was no money out there to be had for exit financing), Republic, Air Wisconsin, and Airbus all started to pony up with cash to get US out of bankruptcy. Then.....silence....for about two months. Everyone wondered what was going on. Then the rumors of a merger with AW surfaced and about a month after that Parker and Lakefield made it official.
Seems to me the initial financing started to come in, but Lakefield decided to do the more logically expeditious deal (while he gladly got rid of the job of running an airline, which he consistently said he hated.)
Who really knows if USAirways would have gone under, or whether enough exit financing would have come through the door absent AW?
USAir(ways) has had their obituary written for them many times over the psat two decades. The rumors of its demise have always been exaggerated.