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Originally Posted by Bucking Bar
(Post 1116120)
US Air took Delta to school on how to bid up assets in bankruptcy. I'm sure Delta would actually like to have some of these resources. It is a win win, unless the last bidder pays more than the resource's earning potential.
IMHO, Richard Anderson may be the best CEO in the business at the moment. Quite right. As did AMR with PAA back in the early '90's. DAL + AMR would be mind bending in terms of scope and size, even if assets were shed. The new DL would put America firmly in the lead of global air transportation for the foreseeable future. |
I'm pretty sure management didn't like the idea of everyone leaving APC. "Quick, we gotta come up with something for these guys to talk about! There are way too many boring pages about website censoring policy." "Yeah, that's true. How about an AMR merger?"
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Reserve Utilization
Update 12-02 LOA 29 Implementation - Seniority on Reserve
Very good update just posted on new Reserve Utilization Order guidelines and Raw Score Buckets. Two real positive changes are:
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The new scheduling preferences are a huge gain mid-contract for reserve pilots. It will give us at least some control over our schedule and what trips we fly.
Great job to those guys. |
Originally Posted by acl65pilot
(Post 1116118)
Go find my posts from mover six months ago. I told you that when AMR filed that they were too big of a target not to go after.
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Originally Posted by Bucking Bar
(Post 1116120)
US Air took Delta to school on how to bid up assets in bankruptcy.
Even though Delta has no intention of actually buying AMR, the creditors now think their paper is worth a lot more than it was yesterday. AMR was counting on those guys taking pennies on the dollar. Now they're gonna want dimes and quarters. Maybe Anderson will tell the MEC his true intentions in "closed session". |
It's a good strategic move, in any case. If the price is right, buy it. If it gets too high, then let somebody else write the check! If an offer is in the works, we'll know soon enough.
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With a bid could we get a peak at their plans to restructure as well? I think that would be a good plan. Also no one commented on my rumor of MIA-Rio and MIA-GRU.
And as a person who has been on perpetual reserve since he got hired, the new seniority on reserve implementation is GREAT. Gotta hand it to the men and women working behind the scenes to get all of us some improvements. Long list has been done in a short amount of time I think. |
Originally Posted by Check Essential
(Post 1116158)
Could this rumor just make it more difficult for AMR to reorganize?
Even though Delta has no intention of actually buying AMR, the creditors now think their paper is worth a lot more than it was yesterday. AMR was counting on those guys taking pennies on the dollar. Now they're gonna want dimes and quarters. Maybe Anderson will tell the MEC his true intentions in "closed session". Great point I think that's at least part of the strategy. As for the upcoming meeting with RA: I think well be hit up once again to write letters on behalf of Delta to get a deal approved... How many letters have you sent and how did it work out for you? Cheers George |
Originally Posted by PilotFrog
(Post 1116169)
With a bid could we get a peak at their plans to restructure as well? I think that would be a good plan. Also no one commented on my rumor of MIA-Rio and MIA-GRU.
And as a person who has been on perpetual reserve since he got hired, the new seniority on reserve implementation is GREAT. Gotta hand it to the men and women working behind the scenes to get all of us some improvements. Long list has been done in a short amount of time I think. IMHO the AMR SA route network is their crown jewels. I'm sure DAL will go toe to toe with AMR out of MIA. Cheers George |
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