AMR bankruptcy?
11-29-2011, 11:37 AM
#111
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Joined APC: Jul 2008
Posts: 4,921
Originally Posted by shiznit
They just nixed the lump sum payouts...... It history of the UAL, DAL, and NWA Ch. 7's are any indicator, it means all those guys who were "going to be millionaires" now have to work until the last day to make up for the lost retirement fund.
Stagnation at AA just got worse.
Stagnation at AA just got worse.
11-29-2011, 11:44 AM
#113
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Joined APC: Jun 2006
Position: A-320A
Posts: 18,563
Originally Posted by HalinTexas
There might be more than one player, as well.
It never goes as predicted.
It never goes as predicted.
If it is determined that AMR cannot fracture due to job losses, the Obama administration may allow foreign ownership to 51%. It saves jobs in an election year, and allows AMR to stay intact. BA would swoop in and buy that up right away. We would then see AF/DAL merger and Lufthansa UAL merge.
It would be bi-partisan, and allow the current admin to gain the necessary support to win reelection.
Problem with this is that our domestic industry is probably about five years away from foreign ownership gleaning its full potential. Doing that process now, would allow too many investors to come in, and as a result leaders like Anderson would lose control of the process. The million dollar question is if they are willing to risk it to leverage this opportunity.
11-29-2011, 11:45 AM
#114
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Originally Posted by shiznit
They just nixed the lump sum payouts...... It history of the UAL, DAL, and NWA Ch. 7's are any indicator, it means all those guys who were "going to be millionaires" now have to work until the last day to make up for the lost retirement fund.
Stagnation at AA just got worse.
Stagnation at AA just got worse.
11-29-2011, 11:49 AM
#115
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Joined APC: Feb 2009
Position: right for a long, long time
Posts: 2,642
Originally Posted by acl65pilot
Nope it does not.
If it is determined that AMR cannot fracture due to job losses, the Obama administration may allow foreign ownership to 51%. It saves jobs in an election year, and allows AMR to stay intact. BA would swoop in and buy that up right away. We would then see AF/DAL merger and Lufthansa UAL merge.
It would be bi-partisan, and allow the current admin to gain the necessary support to win reelection.
Problem with this is that our domestic industry is probably about five years away from foreign ownership gleaning its full potential. Doing that process now, would allow too many investors to come in, and as a result leaders like Anderson would lose control of the process. The million dollar question is if they are willing to risk it to leverage this opportunity.
If it is determined that AMR cannot fracture due to job losses, the Obama administration may allow foreign ownership to 51%. It saves jobs in an election year, and allows AMR to stay intact. BA would swoop in and buy that up right away. We would then see AF/DAL merger and Lufthansa UAL merge.
It would be bi-partisan, and allow the current admin to gain the necessary support to win reelection.
Problem with this is that our domestic industry is probably about five years away from foreign ownership gleaning its full potential. Doing that process now, would allow too many investors to come in, and as a result leaders like Anderson would lose control of the process. The million dollar question is if they are willing to risk it to leverage this opportunity.
11-29-2011, 11:51 AM
#116
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Joined APC: Feb 2009
Position: right for a long, long time
Posts: 2,642
Originally Posted by acl65pilot
I saw that coming. They were looking at 700+ retirements if they did not nix them on day one.
11-29-2011, 12:00 PM
#117
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Posts: 18,563
Originally Posted by shiznit
Who's to say that DAL wouldn't be the acquirer and RA maintain his "El Guapo" status. Last I checked, AF wasn't doing so well.....
11-29-2011, 12:09 PM
#118
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Position: Space Shuttle PIC
Posts: 2,007
Originally Posted by acl65pilot
Nothing except that AF has the cash to do the transaction.
Reuters – Sun, Nov 27, 2011 5:30 PM EST
....
....PARIS (Reuters) - A recovery plan by Air France (AIRF.PA) to end its losses will have two stages with the first part, to be implemented in January or February, focused on savings to improve cash flows, newspaper La Tribune wrote in article released on Sunday.
The second stage of the plan by the airline, part of Franco-Dutch group Air France-KLM, will be announced in May or June, aimed at improving the productivity of the airline's staff and the quality of its service, the newspaper said.
Earlier this month, Air France named Alexandre de Juniac -- a former chief of staff to France's previous finance minister Christine Lagarde -- as its chairman and chief executive.
The group Air France-KLM announced the savings plan for the first half of 2012 following the publication of quarterly results at the start of November, when it said it would make a loss for the whole of 2011.
Air France-KLM has the highest personnel costs of any of its main competitors, including Germany's Lufthansa (LHAG.DE) and IAG (ICAG.L), the combination of British Airways and Spain's Iberia.
11-29-2011, 12:11 PM
#119
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Position: A-320A
Posts: 18,563
Bill;
Does not matter they still have the cash and cash flow. Point is and was, the end game is transnational airlines. Delta could quite possibly be the surviving name. More than likely it would be.
The what is the important part, not the who or how. Foreign ownership is the play here.
Does not matter they still have the cash and cash flow. Point is and was, the end game is transnational airlines. Delta could quite possibly be the surviving name. More than likely it would be.
The what is the important part, not the who or how. Foreign ownership is the play here.
11-29-2011, 01:30 PM
#120
No longer cares
Joined APC: Mar 2008
Position: 767er Captain
Posts: 12,109
Originally Posted by hockeypilot44
What? I thought American was the place to be. Whomever gets hired young will be number 1 for 10 years.
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