Originally Posted by
eaglefly
So on one hand Mason, you're arguing that Arpey and the boyz would be out on their keesters for partially hosing the shareholders with worthless Eagle stock (in your example, say 1/6) via spinoff, yet espousing that wouldn't occur by doing the same thing with BK for AA, with the exception it would be hosing 5/6th of their share value ?
no, I'm saying it's about an end run around our scope. If all else fails they can BK it and wipe out contracts while reorganizing, without dragging their second major part 121 airline through the BK with them. Pretty smart actually.
Originally Posted by
eaglefly
.....and they'd do this simply to turn Eagle into their answer for competing with mainline DAL, UAL and LCC's like SWA with 90-seat RJ's, none of which have plans for wiping out their domestic mainline for a similar scheme ?
None of those other airlines ever had frequent flier programs, or awards programs... all of which were pioneered by AMR. Their long range plan have always been for Eagle to become the domestic carrier and AA to be the international & long haul.... havn'[t you been paying attention the past 25 years? They reitterated this long term game plan publicly as recently as 2007 in a magazine interview. Tjis spin-off is one step closer to that reality.
Originally Posted by
eaglefly
Or do you have Arpey transferring AA's 737's to Eagle as well ?
I must have missed something here...........perhaps you could clarify ?
I wouldn't put anything past them. Once you are spun, the one page CPA torn up, and an interline agreement signed, there would be nothing preventing them from shifting deliveries from AA to AE... although, I think the C-series is the more likely bet, they've already publicly stated they were looking at them.