Delta and TPG look To put bid on AMR Corp
#61
Gets Weekends Off
Joined APC: Apr 2009
Posts: 710
Best bet is AA stays independent and weathers this annoying fly storm. I think there's a "plan" and a "goal". Upon emerging from Chapter 11, THEN the plan will be known. Then we wait to see what the goal is. What AMR does now, is simply the plan to get to the doorstep of the goal.
#62
Gets Weekends Off
Joined APC: Mar 2006
Position: guppy CA
Posts: 5,160
Deja vu all over again.
Looks like a lot of these posts came from UAL's bankruptcy, only with UAL scratched out and AMR inserted.
There may be small divestitures of assets but I don't see a wholesale carving up of AMR. The man in the black dress will almost certainly accept AMR management's POR and that will end this speculation.
Looks like a lot of these posts came from UAL's bankruptcy, only with UAL scratched out and AMR inserted.
There may be small divestitures of assets but I don't see a wholesale carving up of AMR. The man in the black dress will almost certainly accept AMR management's POR and that will end this speculation.
#63
And I've already figured out that I would be senior to you! Ratio via category and class would put a 2007 Delta hire right up there with the early 90 hires at AA!!
FWIW, I really think this would be a horrible deal for every pilot involved. I'm almost sure I would be on the street and the massive retirements we are looking at at both airlines would just offset the reduction in flying resulting in more stagnation for everyone. I'm hoping AA pulls out of this as a stand alone carrier and we all move on, not looking that way at this point however.
FWIW, I really think this would be a horrible deal for every pilot involved. I'm almost sure I would be on the street and the massive retirements we are looking at at both airlines would just offset the reduction in flying resulting in more stagnation for everyone. I'm hoping AA pulls out of this as a stand alone carrier and we all move on, not looking that way at this point however.
The Who has a message for you....
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Last edited by Jack Bauer; 01-12-2012 at 03:20 PM.
#64
I think this is all just a play to get USAir to cough up some more dough. The only assets that make sense for Delta are the international ones that AMR has.
Mother Delta hates competition and seems to run from it. Therefore ORD does not make sense because of UAL, not to mention DTW is close. MIA however, makes perfect sense, as do the Heathrow slots that AMR has.
Mother Delta hates competition and seems to run from it. Therefore ORD does not make sense because of UAL, not to mention DTW is close. MIA however, makes perfect sense, as do the Heathrow slots that AMR has.
#65
Carl
#67
I have shiny jet syndrome
Joined APC: Jan 2008
Position: ELACS, FACs and SECs. Who doesn't love 'em?
Posts: 984
It's a little pet peeve of mine also. Too, to, two. Your, you're, yore. Then, than. Their, there, they're. Who's, whose.
#69
Can't abide NAI
Joined APC: Jun 2007
Position: Douglas Aerospace post production Flight Test & Work Around Engineering bulletin dissembler
Posts: 11,989
It is typical that mergers work out best for the senior management of the merging companies and the employees of their competitors.
The only creditor that I can see getting excited about a Delta tie up would be the MD80 lessors.
The only creditor that I can see getting excited about a Delta tie up would be the MD80 lessors.
#70
I'd not get too worked up just yet. AMR didn't go into this without knowing other buzzards would circle and in fact, the new CEO admitted it from the very beginning. That's why they did it with 5 billion in the bank.
AA is in no more danger of fragmentation then the other carriers were previously in the decade during their filings (I'll bet at least half those on this board.....you know, the merger/fragmentation experts posting now weren't even in the industry then). In fact, with AMR's cash, they're LESS likely to succomb to fragmentation unless they WANT to. A possibility, but not a probability. Doesn't do much for all those running around ridiculously now like decapitated fowl, squawking, "done deal, done deal" out of their headless stumps.
There wont be much bargaining in Chapter 11. AMR will get what it wants on scope, but I agree mergers and fragmentations usually always involve workforce reductions.
The above is all the more reason not to get too worked up over it. When a company like AA goes into restructuring it's normal for others to persue all or parts of it. Doesn't mean they'll be successful. If AA was on the ropes with feeble cash and assets when they filed, they'd have DIP financing and would be FAR more vulnerable to merge/frag as others loaning the money to complete chapter 11 call the shots, but AMR is firmly in the driver's seat. Still, it's too attractive to sit on the sidelines and not participate, if even only to drive up the bidding to maximize competitive stregth by making a potential winning bidder weaker upon acquisition.
I'd advice you to join me watching the colliding, truncated fowl and blossoming feather plume of those who haven't a clue beyond their own dreams, desires and fantasies.
It's actually a classic comedy and worthy of observence......well, I'm out of beer nuts and my beverage is low, so back to the kitchen to refill for the next entertaining act of "The flying Saps".
AA is in no more danger of fragmentation then the other carriers were previously in the decade during their filings (I'll bet at least half those on this board.....you know, the merger/fragmentation experts posting now weren't even in the industry then). In fact, with AMR's cash, they're LESS likely to succomb to fragmentation unless they WANT to. A possibility, but not a probability. Doesn't do much for all those running around ridiculously now like decapitated fowl, squawking, "done deal, done deal" out of their headless stumps.
There wont be much bargaining in Chapter 11. AMR will get what it wants on scope, but I agree mergers and fragmentations usually always involve workforce reductions.
The above is all the more reason not to get too worked up over it. When a company like AA goes into restructuring it's normal for others to persue all or parts of it. Doesn't mean they'll be successful. If AA was on the ropes with feeble cash and assets when they filed, they'd have DIP financing and would be FAR more vulnerable to merge/frag as others loaning the money to complete chapter 11 call the shots, but AMR is firmly in the driver's seat. Still, it's too attractive to sit on the sidelines and not participate, if even only to drive up the bidding to maximize competitive stregth by making a potential winning bidder weaker upon acquisition.
I'd advice you to join me watching the colliding, truncated fowl and blossoming feather plume of those who haven't a clue beyond their own dreams, desires and fantasies.
It's actually a classic comedy and worthy of observence......well, I'm out of beer nuts and my beverage is low, so back to the kitchen to refill for the next entertaining act of "The flying Saps".
One thing to realize is that AA does not have oversized labor costs in relation to the rest of the industry so cutting back those contracts is not going to be enough to get them back to profitability. An AA merger/buyout would be a disaster for the pilots involved (doesn't matter DAL, USAir , etc) and an asset sale would be a disaster for AA pilots. APA has not helped its pilots by it's negotiating strategy that has not made any headway with the NMB. Good Luck AA/APA - you're going to need it. Bankruptcy judges will do whatever is presented that makes sense for an economically viable entity while doing its best to make sure all players (taking in account the laws of secured vs unsecured creditors among other things) "contribute" to the restructuring.
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