It's Offical UAL+CAL

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12-13-2006, 12:18 AM

#11

CO777Driver

Line Holder

Joined APC: May 2006

Position: Boeing 777 Captain (CAL)

Posts: 43

From the information that I have heard, I do not believe it will happen. But, who knows.

12-13-2006, 04:28 AM

#12

Ottopilot

Gets Weekends Off

Joined APC: May 2006

Position: 737 CA

Posts: 2,575

Quote:

Originally Posted by HSLD

As for both companies pursuing due diligence, that's old news. APC posted a merged seniority list in February of 2006 (yes, almost a year ago) based on similar reports.

That list put me at number 12,916, which means I'll lose my job.

12-13-2006, 05:50 AM

#13

Roll Inverted and Pull

Gets Weekends Off

Joined APC: Sep 2005

Position: Retired 767 Captain

Posts: 548

Hey jsled..it`s Loser, not LOOser. BTW, UAL is talking to DAL this morning...2007 is gonna be an interesting year...and I`ll add...Merry Christmas to all on this board...

12-13-2006, 05:55 AM

#14

jsled

Gets Weekends Off

Joined APC: Apr 2006

Position: 737 CA

Posts: 2,750

Quote:

Originally Posted by ToiletDuck

Cal would be taking over UAL wouldn't it?

It depends. UAL has more cash at roughly $4B unrestricted but Northwest owns the "golden shares" of CAL. IOW, Northwest can block a buyout offer of CAL. CAL can buy UAL without Northwest's approval.

12-13-2006, 06:45 AM

#15

757Driver

Need More Callouts

Joined APC: Dec 2005

Position: Unbridled Enthusiasm

Posts: 2,143

Quote:

Originally Posted by jsled

Lets not forget that CAL is a two time LOOSER, I mean they have filed TWICE.

Wouldn't it be great if we merged using spelling skills as a benchmark, ( I believe you meant to say loser).

12-13-2006, 06:52 AM

#16

B757200ER

AAmerican Way for AA Pay

Joined APC: Oct 2005

Position: B-737 Pilot

Posts: 1,617

Quote:

Originally Posted by Gunter

Looks like a merger of "equals".

Why?

Because both have similar balance sheets and profitability going forward looks essentially equal.

CAL's success at avoiding BK does not count extra in this game.

Are you forgetting CAL's Chapter 11 bankruptcy filings in '83 and '91? They've been re-structured many times, and many ways, to reach the balance sheet they have today.

12-13-2006, 07:13 AM

#17

Gunter

Gets Weekends Off

Joined APC: Aug 2006

Posts: 3,931

Quote:

Originally Posted by B757200ER

Are you forgetting CAL's Chapter 11 bankruptcy filings in '83 and '91? They've been re-structured many times, and many ways, to reach the balance sheet they have today.

That's exactly the point I'm trying to make. It does not matter that either has been in BK nor when it was. What matters is the revenue, profitability, debt, cost structure RIGHT NOW and going forward.

I'm surprised folks here have the memory to mention the CAL BK's.
I figured UAL's near death experience would be the one you'all would be focusing on.

The golden share thing is another issue that needs to be resolved. Perhaps a NWA-DAL merger will fix that. But who actually wants to merge with NWA? Just heard DAL is talking with UAL again. USAir is making a hostile bid for DAL to avoid NWA too.

NWA must be the ugly girl at the bar. USAir is her sister.