Before I start I want to say all the comments I make are from what i've read in the media, and using my deductive reasoning skills (or lack of) so don't beat me they are just my epinions but please add your own comments on the subject I like to read them on a cold winters day.
First I don't think this merger will happen because the creditor committee hasn't wormed up to the deal and why I think this is because.
1. The committee doesn't think it will get approved in the current form meaning the final deal might not be as lucrative as the original (both immediately and long term).
2. The employees from both airlines dont want it, I can't say how the Delta employees are responding but the US employees are fed up with Parker along with his entourage and their work productivty is starting to show it. Imagine if this thing does get done everyone will be fighting with everyone (this is the voice of experience I am a original Piedmont employee and bid to a US Air
station after the merger my tools disapeared on a regular basis, I was always given the worst jobs while the US Air mechanics slept, The foreman told all of the Piedmont mechanics when we bid in that he was not for this merger and didn't want any "good ole boys" around. I bid out within 30 days).
3. The Goverment doesn't want it by the way hearings are being set up (atleast until their palms are greased) that is why the crediters are weary look what AT&T had to do to get Bell South I don't think Parker is willing to do whatever it takes to get the deal done and if he doesn't deliver then where does that leave Delta if they halt everything to let the US Airways deal proceed.
4. This is where the Delta management team show their brillance, The creditor committee has to weigh all this plus the fact that Delta could emmerge from BK buy Northwest and never knowing what the new Delta Northwest combo would be worth, or do they take the 5 billion in cash with options that are not guaranteed and could end up being worth much less than they are now worth.
I hope this give you something to think about Ed
First I don't think this merger will happen because the creditor committee hasn't wormed up to the deal and why I think this is because.
1. The committee doesn't think it will get approved in the current form meaning the final deal might not be as lucrative as the original (both immediately and long term).
2. The employees from both airlines dont want it, I can't say how the Delta employees are responding but the US employees are fed up with Parker along with his entourage and their work productivty is starting to show it. Imagine if this thing does get done everyone will be fighting with everyone (this is the voice of experience I am a original Piedmont employee and bid to a US Air
station after the merger my tools disapeared on a regular basis, I was always given the worst jobs while the US Air mechanics slept, The foreman told all of the Piedmont mechanics when we bid in that he was not for this merger and didn't want any "good ole boys" around. I bid out within 30 days).
3. The Goverment doesn't want it by the way hearings are being set up (atleast until their palms are greased) that is why the crediters are weary look what AT&T had to do to get Bell South I don't think Parker is willing to do whatever it takes to get the deal done and if he doesn't deliver then where does that leave Delta if they halt everything to let the US Airways deal proceed.
4. This is where the Delta management team show their brillance, The creditor committee has to weigh all this plus the fact that Delta could emmerge from BK buy Northwest and never knowing what the new Delta Northwest combo would be worth, or do they take the 5 billion in cash with options that are not guaranteed and could end up being worth much less than they are now worth.
I hope this give you something to think about Ed