US Airways Said to Develop AMR Merger Plan to
#291
As ever, there's no shortage of emotion here
. So why do the deal in BK if not to drive even further cost-cutting. I'm sure those in favor think Doug and Scott are doing this out of the goodness of their hearts and are only thinking about the lives of the pilots and other employees, sure they are!
I'm 100 percent safe so I win in either scenario, but I'd prefer AA to remain AA!!!
US has shown no hesitation whatsoever about using the BK process, and I'm betting we revisit the courthouse steps within a decade.
. So why do the deal in BK if not to drive even further cost-cutting. I'm sure those in favor think Doug and Scott are doing this out of the goodness of their hearts and are only thinking about the lives of the pilots and other employees, sure they are!I'm 100 percent safe so I win in either scenario, but I'd prefer AA to remain AA!!!
US has shown no hesitation whatsoever about using the BK process, and I'm betting we revisit the courthouse steps within a decade.
Explain 100% safe? I still say you are not a pilot for American Airlines. You are either management or someone from AirCon.
Pretty gutsy to tell the junior guys what to do.
“I'm not upset that you lied to me, I'm upset that from now on I can't believe you.”
― Friedrich Nietzsche
7576FO
#293
Line Holder
Joined: Mar 2011
Posts: 94
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Signed Agreements with Three Unions at American Airlines: An Important Message from CEO Doug Parker
April 20, 2012
Dear Fellow Employees –
Today, we filed a statement (a form called an 8-K) with the Securities and Exchange Commission disclosing that we have signed agreements with the three unions that represent nearly 55,000 American Airlines employees. These unions are the Allied Pilots Association (APA), the Association of Professional Flight Attendants (APFA) and the Transport Workers Union (TWU), which represents all of American Airlines’ mechanics and fleet service employees. Shortly after our disclosure, these three unions issued a public statement announcing their support of a US Airways-American Airlines merger and that they have agreed to terms that would govern collective bargaining agreements for their members at the merged airline. I want to explain to you why we have done this and what it means.
First of all, today’s news does not mean we have agreed to merge with American Airlines. It only means we have reached agreements with these three unions on what their collective bargaining agreements would look like after a merger, and that they would like to work with us to make a merger a reality. To get to an actual merger, many more things must happen including gaining the support of AMR’s creditors, its management team and its Board of Directors. But this is obviously an important first step along that path and we are hopeful we can all work together to make this happen.
All of you have heard me talk about the benefits consolidation has created for US Airways and our industry. You have also heard me say that US Airways does not need to merge with anyone, as evidenced by our team’s outstanding results. That is still the case, but after studying American Airlines’ current state and their future plans, we have concluded that a merger with American, while they are undergoing their bankruptcy restructuring, represents a unique opportunity that we should not ignore. These beliefs are shared by the three American labor unions and we are delighted to have their support. Like us, they recognize the potential of a merger to improve the current and future careers of both airlines’ employees.
Combining American Airlines and US Airways would create a preeminent airline with the enhanced scale and breadth required to compete more effectively and profitably. Our intention would be to put our two complementary networks together, maintaining both airlines’ existing hubs and aircraft, and create an airline that could compete successfully with United, Delta and other carriers within our industry. A merged airline would provide competitive, industry-standard compensation and benefits, as well as improved job security and advancement opportunities for all employees of the combined airline. Most importantly, in American’s standalone strategy, over 13,000 employees at American will lose their jobs. Our merger contemplates saving at least 6,200 of these positions. For the US Airways team, the agreements we have reached with the unions representing employees at American would also provide enhancements to the compensation and benefits currently in place here.
Today is one step in what will be a much longer process. For now, it remains business as usual. We must continue to provide the outstanding service that customers have come to expect from US Airways.
In the meantime, if you have any questions, please stay connected via Wings (www.wings.usairways.com) and we will continue to provide updates on our progress. Thanks for all that you continue to do to take care of our customers. Together, whether a merger is our future or not, we will continue to run a great airline and have a bright future ahead of us.
Sincerely,
Doug
April 20, 2012
Dear Fellow Employees –
Today, we filed a statement (a form called an 8-K) with the Securities and Exchange Commission disclosing that we have signed agreements with the three unions that represent nearly 55,000 American Airlines employees. These unions are the Allied Pilots Association (APA), the Association of Professional Flight Attendants (APFA) and the Transport Workers Union (TWU), which represents all of American Airlines’ mechanics and fleet service employees. Shortly after our disclosure, these three unions issued a public statement announcing their support of a US Airways-American Airlines merger and that they have agreed to terms that would govern collective bargaining agreements for their members at the merged airline. I want to explain to you why we have done this and what it means.
First of all, today’s news does not mean we have agreed to merge with American Airlines. It only means we have reached agreements with these three unions on what their collective bargaining agreements would look like after a merger, and that they would like to work with us to make a merger a reality. To get to an actual merger, many more things must happen including gaining the support of AMR’s creditors, its management team and its Board of Directors. But this is obviously an important first step along that path and we are hopeful we can all work together to make this happen.
All of you have heard me talk about the benefits consolidation has created for US Airways and our industry. You have also heard me say that US Airways does not need to merge with anyone, as evidenced by our team’s outstanding results. That is still the case, but after studying American Airlines’ current state and their future plans, we have concluded that a merger with American, while they are undergoing their bankruptcy restructuring, represents a unique opportunity that we should not ignore. These beliefs are shared by the three American labor unions and we are delighted to have their support. Like us, they recognize the potential of a merger to improve the current and future careers of both airlines’ employees.
Combining American Airlines and US Airways would create a preeminent airline with the enhanced scale and breadth required to compete more effectively and profitably. Our intention would be to put our two complementary networks together, maintaining both airlines’ existing hubs and aircraft, and create an airline that could compete successfully with United, Delta and other carriers within our industry. A merged airline would provide competitive, industry-standard compensation and benefits, as well as improved job security and advancement opportunities for all employees of the combined airline. Most importantly, in American’s standalone strategy, over 13,000 employees at American will lose their jobs. Our merger contemplates saving at least 6,200 of these positions. For the US Airways team, the agreements we have reached with the unions representing employees at American would also provide enhancements to the compensation and benefits currently in place here.
Today is one step in what will be a much longer process. For now, it remains business as usual. We must continue to provide the outstanding service that customers have come to expect from US Airways.
In the meantime, if you have any questions, please stay connected via Wings (www.wings.usairways.com) and we will continue to provide updates on our progress. Thanks for all that you continue to do to take care of our customers. Together, whether a merger is our future or not, we will continue to run a great airline and have a bright future ahead of us.
Sincerely,
Doug
#294
Gets Weekends Off
Joined: Nov 2011
Posts: 262
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Explain 100% safe? I still say you are not a pilot for American Airlines. You are either management or someone from AirCon.
Pretty gutsy to tell the junior guys what to do.
“I'm not upset that you lied to me, I'm upset that from now on I can't believe you.”
― Friedrich Nietzsche
7576FO
Pretty gutsy to tell the junior guys what to do.
“I'm not upset that you lied to me, I'm upset that from now on I can't believe you.”
― Friedrich Nietzsche
7576FO
#295
This at least gives the two ( three really ) pilot groups the -opportunity- to return to a career with some potential and build a successful enterprise. If they can manage some give and take, the upside could be worth it.
It would sure be nice to see labor face palm managements attempt at running the bankruptcy rape job play. That could set a precedent in the industry that would benefit everyone.
It would sure be nice to see labor face palm managements attempt at running the bankruptcy rape job play. That could set a precedent in the industry that would benefit everyone.
#296
Banned
Joined: Jun 2008
Posts: 8,350
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APA was able to achieve in a few weeks with U management what they couldn't achieve in half a decade with AMR. At this point, I see an amazing amount of optimism brewing. Regardless of what Horton & Co. say now, I think the game is over.
Imagine a competitor coming in and winning over your employees in weeks. Still a long way to go, but I can't recall such an easy outside corporate coup in any industry like this.
That says a lot about how completely out of touch management has been with their core asset for so many years. What a colossal blunder. The only way Horton can keep AA is to force it and that will alienate the employees to such a degree, I think no one will back them at that point. It would be the first "hostile takeover" of a company by it's OWN management.
IMO, Horton had it all before him on 11/29, but blew it.
Imagine a competitor coming in and winning over your employees in weeks. Still a long way to go, but I can't recall such an easy outside corporate coup in any industry like this.
That says a lot about how completely out of touch management has been with their core asset for so many years. What a colossal blunder. The only way Horton can keep AA is to force it and that will alienate the employees to such a degree, I think no one will back them at that point. It would be the first "hostile takeover" of a company by it's OWN management.
IMO, Horton had it all before him on 11/29, but blew it.
#297
Banned
Joined: Jun 2008
Posts: 8,350
Likes: 0
This at least gives the two ( three really ) pilot groups the -opportunity- to return to a career with some potential and build a successful enterprise. If they can manage some give and take, the upside could be worth it.
It would sure be nice to see labor face palm managements attempt at running the bankruptcy rape job play. That could set a precedent in the industry that would benefit everyone.
It would sure be nice to see labor face palm managements attempt at running the bankruptcy rape job play. That could set a precedent in the industry that would benefit everyone.
I'm rooting for him and we shall see.
#298
The AMR BOD will not give the keys to it's Ferrari to Parker without warning. Put a scratch on the paint and you're gone. I'm sure Parker is aware of this. He will deliver, or else!!
#299
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Joined: Jun 2008
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For the last decade the BOD has been no where to be found while Arpey either slammed into every street pole in the street or ran it off the road.
#300
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Joined: Jun 2010
Posts: 1,792
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From: Doing what you do, for less.
The BOD doesn't really get a say. There are 9 creditors that are running things. The unions are 3 of the 9, and the PBGC is another. US has deals with those 4 already. 1 more and they have a majority of the creditors onboard.
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