AA and LCC settled suit
11-12-2013, 07:27 AM
#3
You scratched my anchor
Joined APC: Feb 2011
Posts: 4,876
11-12-2013, 07:42 AM
#4
Gets Weekends Off
Joined APC: Aug 2008
Posts: 503
Originally Posted by tuktukdriver
Can't find a link yet, it's fresh news but the suit has been settled this am.
I was trading AAMRQ that's why I know ($$$)
I was trading AAMRQ that's why I know ($$$)
Let it ride.
11-12-2013, 08:15 AM
#5
Gets Weekends Off
Joined APC: Apr 2013
Position: A320 FO
Posts: 596
Originally Posted by scambo1
It'll be interesting to see what sort of divestitures had to happen to get this through and which airlines will be the beneficiaries of those divestitures.
So...what's the next consolidation scenario?
So...what's the next consolidation scenario?
"Under the terms of the settlement, the airlines will divest 52 slot pairs at Washington Reagan National Airport (DCA) and 17 slot pairs at New York LaGuardia Airport (LGA), as well as certain gates and related facilities to support service at those airports.[i] The airlines also will divest two gates and related support facilities at each of Boston Logan International Airport, Chicago O'Hare International Airport, Dallas Love Field, Los Angeles International Airport, and Miami International Airport. The divestitures will occur through a DOJ approved process following the completion of the merger. Despite the divestitures, the new American is still expected to generate more than $1 billion in annual net synergies beginning in 2015, as was estimated when the merger was announced in February."
11-12-2013, 08:41 AM
#6
Gets Weekends Off
Joined APC: Aug 2011
Position: Driving a Bus for Recreational Pleasure.
Posts: 544
CNN is saying they're giving up 104 DCA slots and they're selling to LCCs only. That's pretty significant if its true.
US Airways and American Airlines reach deal with Justice to allow merger - Nov. 12, 2013
US Airways and American Airlines reach deal with Justice to allow merger - Nov. 12, 2013
11-12-2013, 08:44 AM
#7
Gets Weekends Off
Joined APC: May 2007
Position: A320 CA
Posts: 1,530
Originally Posted by MusicPilot
CNN is saying they're giving up 104 DCA slots and they're selling to LCCs only. That's pretty significant if its true.
US Airways and American Airlines reach deal with Justice to allow merger - Nov. 12, 2013
US Airways and American Airlines reach deal with Justice to allow merger - Nov. 12, 2013
"Under the terms of the settlement, the airlines will divest 52 slot pairs at Washington Reagan National Airport (DCA) and 17 slot pairs at New York LaGuardia Airport (LGA), as well as certain gates and related facilities to support service at those airports. "
AMR Corporation and US Airways Announce Settlement with U.S. Department of Justice and State AGs | New American Arriving
11-12-2013, 08:56 AM
#8
Line Holder
Joined APC: Aug 2010
Position: Pilot Monitoring
Posts: 68
The settlement wil result in the new American operating 44 fewer DCA daily departures than the 290 that American and US Airways currently operate. At LGA, 12 fewer daily departures than the approximately 175 collectively operated today.
Included are eight DCA slot pairs that American currently leases to JetBlue and five LGA slot pairs that American leases to Southwest.
Included are eight DCA slot pairs that American currently leases to JetBlue and five LGA slot pairs that American leases to Southwest.
11-12-2013, 09:59 AM
#9
Gets Weekends Off
Joined APC: Jul 2010
Position: window seat
Posts: 12,522
Originally Posted by Stetson29
The settlement wil result in the new American operating 44 fewer DCA daily departures than the 290 that American and US Airways currently operate. At LGA, 12 fewer daily departures than the approximately 175 collectively operated today.
Included are eight DCA slot pairs that American currently leases to JetBlue and five LGA slot pairs that American leases to Southwest.
Included are eight DCA slot pairs that American currently leases to JetBlue and five LGA slot pairs that American leases to Southwest.
11-12-2013, 10:40 AM
#10
Gets Weekends Off
Thread Starter
Joined APC: Dec 2011
Posts: 119
Originally Posted by Rabid Seagull
Are you hoping to get real stock when the merger gets completed? I would think that all (AAMRQ) gets flushed when merged???
Let it ride.
Let it ride.
I'm not an investor, I trade the momentum during the day.
AAMRQ will probably get flushed and they'll come up with a new stock ticker, but AAMRQ holders will get new shares. (Not sure but I think that's how they do it).
