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AMR Files For Bankruptcy

Old 11-29-2011, 04:05 AM
  #21  
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Originally Posted by Superpilot92 View Post
This ought to be a long thread:-(
Yep, about two to three years long...

with a legacy that will last a lifetime.
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Old 11-29-2011, 04:06 AM
  #22  
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Originally Posted by Superpilot92 View Post
Continental didn't
Frank "I Thrash Labor Through Bankruptcy" Lorenzo might disagree.

Good luck to the guys and gals at AA and AE.
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Old 11-29-2011, 04:06 AM
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It's not a pre-packaged BK either (according to CNBC). This doesn't bode well for the creditors I wouldn't think. Sounds like there is none of the DIP financing either that the rest of us had. Anybody got any ideas how this will affect things?
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Old 11-29-2011, 04:07 AM
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Originally Posted by RedOverWhite View Post
Frank "I Thrash Labor Through Bankruptcy" Lorenzo might disagree.

Good luck to the guys and gals at AA and AE.
The comment was in reference to this "round"
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Old 11-29-2011, 04:08 AM
  #25  
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Thanks everyone... 'ppreciate the words.

Assuming the position,
73
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Old 11-29-2011, 04:09 AM
  #26  
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So how long until a merger is announced?
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Old 11-29-2011, 04:13 AM
  #27  
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Originally Posted by InformationEcho View Post
Mister Arpey "Retired" then they file for Chapter 11 protection, how nice.
To be sure this SOB's severance pay cleared the bank yesterday.

To the folks at AA who make it work... Pilots, FAs, MX., ground personnel... Good luck.

To the empty suit at AA... Shame on all of you!
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Old 11-29-2011, 04:15 AM
  #28  
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“But as we have made clear with increasing urgency in recent weeks, we must address our cost structure, including labor costs, to enable us to capitalize on these foundational strengths and secure our future.”…………..

“I'm sure Mr. Arpey received a nice severance package.”………..

Bastards. Don't market and grow and work like it's yours and you built it.

Cut, slash and burn................and oh yeah, leave with your $200 million parachute.

It's cold and flu season
Cough, cough......Ahhhhh chewwwwwwww!!!!

Last edited by tbjav8r; 11-29-2011 at 04:16 AM. Reason: #########
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Old 11-29-2011, 04:18 AM
  #29  
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Originally Posted by tsquare View Post
It's not a pre-packaged BK either (according to CNBC). This doesn't bode well for the creditors I wouldn't think. Sounds like there is none of the DIP financing either that the rest of us had. Anybody got any ideas how this will affect things?
I believe NWA also provided their own DIP...
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Old 11-29-2011, 04:21 AM
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Originally Posted by tsquare View Post
It's not a pre-packaged BK either (according to CNBC). This doesn't bode well for the creditors I wouldn't think. Sounds like there is none of the DIP financing either that the rest of us had. Anybody got any ideas how this will affect things?
If they couldn't line up DIP financing, perhaps it is due to the lock ups in the credit market. Usually, if a company can't secure DIP financing it is more likely to a disorderly filing. In the case of an airline, I would think it makes liquidation or possibly a sell off much more likely.
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