Thread: USAPA Questions
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Old 04-20-2008 | 09:47 PM
  #38  
hangaber
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Originally Posted by AirWhisky31
Actually, the airline were merged as part of US Airways plan of reorganization. AWA was in a cash crunch and US Airways was operating under CH 11 and amended its plan of reorganization around a merger with the AWA. AWA put up no cash for the deal and it was completely funded by outside investment in the POR as US Airways exited CH 11. AWA became a subsidiary of US Airways and was merged into US Airways in steps with the final one in Sept 2007? when the AWA operating certificate was surrendered to the FAA. It's all in the SEC filings you pull up. Not that it matters one way or the other. Pilots play no part in airline deals, just drive airplanes and shouldn't be advantaged or disadvantaged by something way above their station, that they play no part in. They are blue collar heavy equipment operators and the sooner that is realized they may start acting like a real trade union and do better for themselves.
So I guess you didn't BUY your house, because you used someone else's money. Oh, I get it, you MERGED with your house.....LOL!!!
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