Meeting of AMR board is temporarily delayed
02-11-2013, 08:28 AM
#1
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Meeting of AMR board is temporarily delayed
Meeting of AMR board is temporarily delayed | American Airlines bankruptcy | American Ai...
Note: My opinion....If nothing happens all week, announcement-wise, then this agreement may have turned south.
Directors of AMR Corp. have temporarily delayed a meeting to consider a merger between American Airlines and US Airways, The Associated Press reported Sunday, as the two sides continue to hammer out final details.
A source close to the matter told the AP that the AMR board, which had been expected to meet today, wants to meet in person, and that the US Airways board would only meet after the AMR board approves a deal. The source requested anonymity because the talks are private.
Last week, sources told the Star-Telegram that the AMR board was preparing to meet early this week to decide on the merger, with a decision to be announced sometime this week. Bloomberg News, which reported Friday that the AMR board would meet today, reported Sunday that an announcement would now come no earlier than midweek, according to people familiar with the matter.
The sources told the AP that negotiations are continuing on issues including the exact role that AMR CEO Tom Horton will play in the combined company. Discussions were centered on Horton being a nonexecutive chairman while US Airways management, led by CEO Doug Parker, would run the day-to-day operations of the new carrier.
Any deal would require approval of the U.S. Bankruptcy Court. AMR has been operating in Chapter 11 bankruptcy since November 2011.
US Airways has been pushing for a merger since last spring, winning the support of American's unions and creditors. Meetings have been going on for weeks as the executives at both companies, along with American's unsecured creditors committee and an ad hoc bondholder group, have tried to reach a deal before the Feb. 15 expiration of a nondisclosure agreement with bondholders. While the nondisclosure agreement could be extended, bondholders have been pushing for a quick deal since the agreement restricts them from trading AMR or US Airways debt.
Read more here: Meeting of AMR board is temporarily delayed | American Airlines bankruptcy | American Ai...
A source close to the matter told the AP that the AMR board, which had been expected to meet today, wants to meet in person, and that the US Airways board would only meet after the AMR board approves a deal. The source requested anonymity because the talks are private.
Last week, sources told the Star-Telegram that the AMR board was preparing to meet early this week to decide on the merger, with a decision to be announced sometime this week. Bloomberg News, which reported Friday that the AMR board would meet today, reported Sunday that an announcement would now come no earlier than midweek, according to people familiar with the matter.
The sources told the AP that negotiations are continuing on issues including the exact role that AMR CEO Tom Horton will play in the combined company. Discussions were centered on Horton being a nonexecutive chairman while US Airways management, led by CEO Doug Parker, would run the day-to-day operations of the new carrier.
Any deal would require approval of the U.S. Bankruptcy Court. AMR has been operating in Chapter 11 bankruptcy since November 2011.
US Airways has been pushing for a merger since last spring, winning the support of American's unions and creditors. Meetings have been going on for weeks as the executives at both companies, along with American's unsecured creditors committee and an ad hoc bondholder group, have tried to reach a deal before the Feb. 15 expiration of a nondisclosure agreement with bondholders. While the nondisclosure agreement could be extended, bondholders have been pushing for a quick deal since the agreement restricts them from trading AMR or US Airways debt.
Read more here: Meeting of AMR board is temporarily delayed | American Airlines bankruptcy | American Ai...
02-11-2013, 12:09 PM
#3
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I was informed the delay is on the USAir side, there are two upper management officials whom refuse to let Tomahawk58 brown-nose them.
"I just think it's disgusting, his nose has been in many many AMR execs and I refuse to let him practice depth perception on me!" Ass-istant CP USAIR.
"I just think it's disgusting, his nose has been in many many AMR execs and I refuse to let him practice depth perception on me!" Ass-istant CP USAIR.
02-11-2013, 12:38 PM
#4
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Originally Posted by 7576FO
I was informed the delay is on the USAir side, there are two upper management officials whom refuse to let Tomahawk58 brown-nose them.
"I just think it's disgusting, his nose has been in many many AMR execs and I refuse to let him practice depth perception on me!" Ass-istant CP USAIR.
"I just think it's disgusting, his nose has been in many many AMR execs and I refuse to let him practice depth perception on me!" Ass-istant CP USAIR.
When the baton is passed to Doug as its expected too, I will be just as loyal to the combined entity known as American Airlines. It goes without saying that we'll "all" have our work cut out for us if we're to ascend to the head of the pack in the global airline industry.
I do appreciate the professionalism and diversity of opinion exhibited by the majority on this forum. For those that like to wallow in the mud and enjoy mudslinging, excuse me if I choose not to follow that path!
Best to "all" AAers now and in the new world soon to come.
02-11-2013, 01:27 PM
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Originally Posted by Flyby1206
It's just Horton being a crybaby and wanting to be CEO or an executive chairman. I really doubt anything will stop this merger train now.
02-11-2013, 01:40 PM
#6
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We were discussing this on our internal west webboard. Some made the argument that Horton deserved consideration because he has been, for the most part, an AMR guy his whole career versus Dug who took the nomad management route after he left AA.
The biggest reason, in my little opinion, is that Dug has 12 years as CEO. He kept AWA afloat after 9/11. He cleaned up a big mess at us Airways. He certainly has made mistakes but he has learned from them. LCC has made money for the past 3 years and last year was the best yet since the merger. The RASM for the start of this year was way above last years numbers.
So Dug has a good track record. Horton has had no real plan and made no secret of his plans to not grow AA mainline. This is not the time for Horton to start the learning curve of airline CEO. Actually running an airline, versus managing one out of CH11, requires skill and experience. It is better to go with the veteran starting pitcher versus the journeyman who spent a long time on the bench
The biggest reason, in my little opinion, is that Dug has 12 years as CEO. He kept AWA afloat after 9/11. He cleaned up a big mess at us Airways. He certainly has made mistakes but he has learned from them. LCC has made money for the past 3 years and last year was the best yet since the merger. The RASM for the start of this year was way above last years numbers.
So Dug has a good track record. Horton has had no real plan and made no secret of his plans to not grow AA mainline. This is not the time for Horton to start the learning curve of airline CEO. Actually running an airline, versus managing one out of CH11, requires skill and experience. It is better to go with the veteran starting pitcher versus the journeyman who spent a long time on the bench
02-11-2013, 01:50 PM
#7
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Originally Posted by cactusmike
We were discussing this on our internal west webboard. Some made the argument that Horton deserved consideration because he has been, for the most part, an AMR guy his whole career versus Dug who took the nomad management route after he left AA.
The biggest reason, in my little opinion, is that Dug has 12 years as CEO. He kept AWA afloat after 9/11. He cleaned up a big mess at us Airways. He certainly has made mistakes but he has learned from them. LCC has made money for the past 3 years and last year was the best yet since the merger. The RASM for the start of this year was way above last years numbers.
So Dug has a good track record. Horton has had no real plan and made no secret of his plans to not grow AA mainline. This is not the time for Horton to start the learning curve of airline CEO. Actually running an airline, versus managing one out of CH11, requires skill and experience. It is better to go with the veteran starting pitcher versus the journeyman who spent a long time on the bench
The biggest reason, in my little opinion, is that Dug has 12 years as CEO. He kept AWA afloat after 9/11. He cleaned up a big mess at us Airways. He certainly has made mistakes but he has learned from them. LCC has made money for the past 3 years and last year was the best yet since the merger. The RASM for the start of this year was way above last years numbers.
So Dug has a good track record. Horton has had no real plan and made no secret of his plans to not grow AA mainline. This is not the time for Horton to start the learning curve of airline CEO. Actually running an airline, versus managing one out of CH11, requires skill and experience. It is better to go with the veteran starting pitcher versus the journeyman who spent a long time on the bench
I wish us all well!
02-11-2013, 02:08 PM
#8
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The low cost factor definitely played a major role in being profitable. But that was more a factor at awa than lcc. I do not have the CASM comparisons handy and I'm too lazy right now to look them up but the post merger CASM doubled over the AWA costs to around 14.5 cents/ seat mile. I don't think that is a lot cheaper than everyone else. I am prepared to be corrected, though.
Being able to mesh the two airlines will be key. If past practice is followed look for most American policies and procedures to stay and for LCC people to have to adapt to them. Dug went out of his way to placate the East employees. It will be interesting to see if that is repeated.
One thing that I hope we will see is adoption of the AA 9 month AQP cycle versus our 12 month cycle. 12 months is too long between sim sessions. Another big decision will be checklist philosophy. We use flows and minimal checklists while I believe you guys still use read and do. At AWA we wee even more heavily set on flows with checklist just covering the stuff that will kill you. For instance, the 757 taxi check list used to be one item - Flaps: ___ set. Everything else had been done on the afterstart flow. The airbus is very well suited to flows, with the lights out philosophy. If its not lit, you're good to go.
Being able to mesh the two airlines will be key. If past practice is followed look for most American policies and procedures to stay and for LCC people to have to adapt to them. Dug went out of his way to placate the East employees. It will be interesting to see if that is repeated.
One thing that I hope we will see is adoption of the AA 9 month AQP cycle versus our 12 month cycle. 12 months is too long between sim sessions. Another big decision will be checklist philosophy. We use flows and minimal checklists while I believe you guys still use read and do. At AWA we wee even more heavily set on flows with checklist just covering the stuff that will kill you. For instance, the 757 taxi check list used to be one item - Flaps: ___ set. Everything else had been done on the afterstart flow. The airbus is very well suited to flows, with the lights out philosophy. If its not lit, you're good to go.
02-11-2013, 05:12 PM
#9
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Posts: 262
Originally Posted by cactusmike
The low cost factor definitely played a major role in being profitable. But that was more a factor at awa than lcc. I do not have the CASM comparisons handy and I'm too lazy right now to look them up but the post merger CASM doubled over the AWA costs to around 14.5 cents/ seat mile. I don't think that is a lot cheaper than everyone else. I am prepared to be corrected, though.
Being able to mesh the two airlines will be key. If past practice is followed look for most American policies and procedures to stay and for LCC people to have to adapt to them. Dug went out of his way to placate the East employees. It will be interesting to see if that is repeated.
One thing that I hope we will see is adoption of the AA 9 month AQP cycle versus our 12 month cycle. 12 months is too long between sim sessions. Another big decision will be checklist philosophy. We use flows and minimal checklists while I believe you guys still use read and do. At AWA we wee even more heavily set on flows with checklist just covering the stuff that will kill you. For instance, the 757 taxi check list used to be one item - Flaps: ___ set. Everything else had been done on the afterstart flow. The airbus is very well suited to flows, with the lights out philosophy. If its not lit, you're good to go.
Being able to mesh the two airlines will be key. If past practice is followed look for most American policies and procedures to stay and for LCC people to have to adapt to them. Dug went out of his way to placate the East employees. It will be interesting to see if that is repeated.
One thing that I hope we will see is adoption of the AA 9 month AQP cycle versus our 12 month cycle. 12 months is too long between sim sessions. Another big decision will be checklist philosophy. We use flows and minimal checklists while I believe you guys still use read and do. At AWA we wee even more heavily set on flows with checklist just covering the stuff that will kill you. For instance, the 757 taxi check list used to be one item - Flaps: ___ set. Everything else had been done on the afterstart flow. The airbus is very well suited to flows, with the lights out philosophy. If its not lit, you're good to go.
!You know within the airline business, we all like to think our individual companies have a lock on how best to operate, so shaking things up isn't necessary a bad thing. I have to admit though, it's hard to do at times.
Looking to the future!
02-11-2013, 07:48 PM
#10
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Yeah, iPads are great. I use Wing X Pro. I mean If I could officially use my iPad with the really cool flight planning app that has all my charts in one place and allows me to toggle between phases of flight with one touch. And touch-xpand the taxi chart at night or early in the am.
Just sayin'. Yes, I am looking forward, not back.
Just sayin'. Yes, I am looking forward, not back.
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