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AA claims payment-72% plan: unions, workers

Old 02-14-2013, 05:21 AM
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Default AA claims payment-72% plan: unions, workers

American Airlines creditors eye full claims payment from US Air deal | LeveragedLoan.com

...Under the terms of the merger agreement, US Airways stockholders would receive 28% of the diluted equity of the combined airline, with the remaining 72% diluted equity ownership of the combined airline to be distributed to American, its labor unions and current employees...

American Airlines creditors eye full claims payment from US Air deal | LeveragedLoan.com
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Old 02-15-2013, 02:24 AM
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Glad the American employees got some equity. Pilots should be glad they were not represented by ALPA.
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Old 02-15-2013, 03:43 AM
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Originally Posted by CaptainBigWood View Post
Glad the American employees got some equity. Pilots should be glad they were not represented by ALPA.
Strange comment since ALPA invented the concept of employee equity in mergers. Lee Moak was the first to demand and achieve that item at Delta. It had never happened before and had never even been considered. APA just followed the ALPA model. They even paid ALPA to help with the process.
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Old 02-15-2013, 05:06 AM
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Fixed it for you.

Originally Posted by CaptainBigWood View Post
Glad the American employees got some equity. Pilots should be glad they were not represented by USAPA.
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