US Airways Said to Develop AMR Merger Plan to
#192
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#193
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#194
The legislation, known as the McCaskill-Bond statute, was signed into law in December 2007 and is codified at 49 U.S.C. § 42112.
The statute applies when two or more air carriers are involved in a "covered transaction," described as:
A transaction for the combination of multiple air carriers into a single air carrier; and which
Involves the transfer of ownership or control of—
50 percent or more of the equity securities (as defined in section 101 of title 11, United States Code) of an air carrier; or
50 percent or more (by value) of the la la la la la
The top of the list would probably be mostly American guys (due to the 777s) and then slotted by equipment. The NIC would most likely be recognized unless the arbitrator (assuming it goes that far) chooses to deviate greatly from the legal status quo. If you don't bring a seat at the time of the merger (furloughs) they would most be put on the bottom (bad for the furloughs, better slotting for the active AA though).
My aviation lawyer friend said the probability of this outcome is about 95%. He wasn't sure about fences.
The statute applies when two or more air carriers are involved in a "covered transaction," described as:
A transaction for the combination of multiple air carriers into a single air carrier; and which
Involves the transfer of ownership or control of—
50 percent or more of the equity securities (as defined in section 101 of title 11, United States Code) of an air carrier; or
50 percent or more (by value) of the la la la la la
The top of the list would probably be mostly American guys (due to the 777s) and then slotted by equipment. The NIC would most likely be recognized unless the arbitrator (assuming it goes that far) chooses to deviate greatly from the legal status quo. If you don't bring a seat at the time of the merger (furloughs) they would most be put on the bottom (bad for the furloughs, better slotting for the active AA though).
My aviation lawyer friend said the probability of this outcome is about 95%. He wasn't sure about fences.
#195
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It's obvious your lawyer friend hasn't heard of the "great" usapa, their CB&L's trump federal law, just ask them. lol. Seriously I agree with you, I would also think that pay will also be taken into effect which will benefit AA guys. If usapa was smart they would get a contract pronto, and argue for credit for the higher attrition rate, but they aren't very smart and will have to argue for DOH as required by the CB&l's they put into place.
#197
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From: Speaking French
It's obvious your lawyer friend hasn't heard of the "great" usapa, their CB&L's trump federal law, just ask them. lol. Seriously I agree with you, I would also think that pay will also be taken into effect which will benefit AA guys. If usapa was smart they would get a contract pronto, and argue for credit for the higher attrition rate, but they aren't very smart and will have to argue for DOH as required by the CB&l's they put into place.
#199
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Hey, don't shoot the messenger. I am just providing the facts. Not here to say what was fair and what wasn't. Can it happen to the AA pilot group? You bet.
#200
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I dont think it will because the laws have changed a bit, someone can provide all this, but I am sure you have read it.
I am starting to become scared the USAIR deal is going to happen, as labor joins the movement.
I hope not as it will be a nail in Eagles coffin.
If the economy starts to pick up a bit more, and oil goes into its next cycle of dipping back down, maybe not.
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