AA and LCC settled suit
11-12-2013, 04:47 PM
#22
Line Holder
Joined APC: Nov 2011
Position: A330 F/O, KC-135 AC
Posts: 76
Originally Posted by CanoePilot
Aa only retires something like 50 the next two years. It picks up in 2016
11-12-2013, 05:24 PM
#23
Looking for a laugh
Joined APC: Feb 2008
Posts: 4,099
Originally Posted by tuktukdriver
AAMRQ will probably get flushed and they'll come up with a new stock ticker, but AAMRQ holders will get new shares. (Not sure but I think that's how they do it).
11-12-2013, 05:30 PM
#24
Working weekends
Joined APC: Jul 2005
Position: Left Seat
Posts: 2,384
Originally Posted by Justdoinmyjob
You might want to double check that. Anyone holding stock in a bankrupt company gets nada when the new stock is issued. Only those who are creditors get the new stock. Stockholders are not considered creditors. Bond holders are. Which are you?
11-12-2013, 05:36 PM
#25
Gets Weekends Off
Joined APC: Jun 2012
Posts: 1,166
Originally Posted by NTR32
Dude I thought I was the most negative person out there. Clearly you win. You were wrong about the merger and the retirements- take the rest of the week off... It's approximately 200, refer to the APA/USAPA comparison they sent out in the mail before we voted.
11-12-2013, 06:29 PM
#29
Gets Weekends Off
Joined APC: Feb 2007
Position: C-17s / A320
Posts: 149
Originally Posted by Justdoinmyjob
You might want to double check that. Anyone holding stock in a bankrupt company gets nada when the new stock is issued. Only those who are creditors get the new stock. Stockholders are not considered creditors. Bond holders are. Which are you?
AMR Corporation Is A Bargain [US Airways Group Inc] - Seeking Alpha
Additionally, I've heard elsewhere that when the merger is completed AAMRQ holders will hold an amount of shares of AAG to equal approximately 72% of the price of what LCC traded on the last day prior to the merger (i.e. if it was today, AAMRQ would get $16 a share). This is more of a WAG though.
11-12-2013, 07:18 PM
#30
Gets Weekends Off
Joined APC: Jul 2009
Posts: 624
Originally Posted by AFPirate
This particular bankruptcy is different...AAMRQ stock holders will gain shares of the new AAG. Here's a great article if you're into investing.
AMR Corporation Is A Bargain [US Airways Group Inc] - Seeking Alpha
Additionally, I've heard elsewhere that when the merger is completed AAMRQ holders will hold an amount of shares of AAG to equal approximately 72% of the price of what LCC traded on the last day prior to the merger (i.e. if it was today, AAMRQ would get $16 a share). This is more of a WAG though.
AMR Corporation Is A Bargain [US Airways Group Inc] - Seeking Alpha
Additionally, I've heard elsewhere that when the merger is completed AAMRQ holders will hold an amount of shares of AAG to equal approximately 72% of the price of what LCC traded on the last day prior to the merger (i.e. if it was today, AAMRQ would get $16 a share). This is more of a WAG though.
"Under the terms of the Plan, the merged entity, American Airlines Group (AAG), will be owned by the existing LCC shareholders and the stakeholders of AMR. Specifically, existing LCC shareholders will exchange their LCC shares for a 28% ownership interest in AAG. AMR stakeholders will receive the remaining 72% ownership in AAG in exchange for their claims and equity interests in AMR Corp."
LCC shareholders will get shares of AAG.
AMR stakeholders will get shares of AAG.
AAMRQ shareholders will get nothing.
It is impossible for shareholders of a BK organization to receive any equity upon exit from BK. The enterprise went BK due to the fact that they had more liabilities than assets. The remaining assets were divided up between the secured and unsecured creditors. Shareholders are not a party of either group.
Anywhoo, congrats to the AA and Airways gents.
