UAL merger talks with USAir!
04-07-2010 | 01:13 PM
#1
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Kerbal Rocket Surgeon
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From: DTW 717A
UAL merger talks with USAir!
Just being reported. CNBC Analyst says, "You're taking two awful airlines and combining them into something worse"
http://dealbook.blogs.nytimes.com/20...rger-talks/?hp
http://dealbook.blogs.nytimes.com/20...rger-talks/?hp
04-07-2010 | 01:29 PM
#2
seeing the country...
Joined: Oct 2006
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From: 73N A
Ah - that explains this article yesterday:
US Airways:Pilot Contract Threatens Merger | Transportation | Financial Articles & Investing News | TheStreet.com
which basically said that the US Airways pilot contract (and thus union) was "blocking any merger" which was completely not true. Their contract just has the pay rates "snap back" to higher rates if there is a change of control.
US Airways:Pilot Contract Threatens Merger | Transportation | Financial Articles & Investing News | TheStreet.com
which basically said that the US Airways pilot contract (and thus union) was "blocking any merger" which was completely not true. Their contract just has the pay rates "snap back" to higher rates if there is a change of control.
04-07-2010 | 01:45 PM
#5
Gets Weekends Off
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I think they are both afraid that the quarterly report will show that both carriers have taken a beating this quarter.
The BOD will want a change or some heads.
This merger rhetoric is the change they will describe as the method to "return to profitability."
I predict Parker to sell out and parachute out into the golden abyss.
Meanwhile, USAir. AWA, and United will be left holding the pieces, and with Tilton to boot.
Either that or this is a play by Tilton to force CALs hand.
If CAL jumps, a CAL-UA merger will occur, followed shortly afterwards by a AA/USAir merger.
The BOD will want a change or some heads.
This merger rhetoric is the change they will describe as the method to "return to profitability."
I predict Parker to sell out and parachute out into the golden abyss.
Meanwhile, USAir. AWA, and United will be left holding the pieces, and with Tilton to boot.
Either that or this is a play by Tilton to force CALs hand.
If CAL jumps, a CAL-UA merger will occur, followed shortly afterwards by a AA/USAir merger.
04-07-2010 | 01:49 PM
#6
Gets Weekends Off
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I just thought about this mess a bit.
Aren't there a bunch of AWA (Westies) on furlough?
What will happen on a merged seniority list with Westies that are on the streets when they are supposed to be above the guys at US Air. Now they are on the streets during a merger, what will happen then?
I know what USAir guys will say: DOH baby!
If the contract snaps back to a pre-911 contract, perhaps it will be good for everyone in the industry.
Aren't there a bunch of AWA (Westies) on furlough?
What will happen on a merged seniority list with Westies that are on the streets when they are supposed to be above the guys at US Air. Now they are on the streets during a merger, what will happen then?
I know what USAir guys will say: DOH baby!
If the contract snaps back to a pre-911 contract, perhaps it will be good for everyone in the industry.
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