Quote:
Originally Posted by texaspilot76
I'm assuming that the proposed 7 year fence means that Airways pilots cannot bid for AA domiciles and equipment for that period, correct? That does not prevent the Airways side from opening a DFW base for their equipment, does it? After the merger is complete (but prior to the fence expiring) where would a new hire be able to bid?
Well, not sure about "domiciles" as that could all be altered in a merger with some domiciles closing etc. I understood the fence part of it to be equipment oriented (primarily 777/787) as supposedly 7 years would see a lot of the East retired by then. The AA orders are replacement only until the option phase of 460 and that's supposed to start in 6-7 years, if exercised. A coicidence ?
There's a bunch of other stuff about surviving union control, etc. as well.
Look, I think it's almost a certainty AA and U will merge, it's simply a matter of when. Horton himself is open to merger, just not inside BK while he has a chance to effectively "de-unionize" AA and gut the contracts to practially regional level. I assume he'd ca$h in nicely on that (along with certain bankers, etc.) as I said before. The pilots at AA are FAR better off IMO, getting a deal now before Horton abrogates the contract and I think the creditors and future investors would be too.
The non-union creditors should also worry about what AA will become under Horton's plan and IS that the best investment going forward to protect and enhance investors and creditors interests ?
Under Horton's plan, it seems once he's blown the place apart like an F5 tornado, who's on the hook for rebuilding what will almost certainly be a labor disaster for eternity ?
He and his team could collect and move on leaving that concern to others, but again IMHO, I simply cannot see the wreckage left behind from the 1113 decimation as anything worthwhile to rebuild with. It might solve the cost problem, but takes the future product right down with it. Parker offering less pain to preserve the future foundation of the carrier may be the better move in the long run for all parties whose interest is in a viable, cohesive and lean competitor with a workforce that can be emotionally salvaged because it has the capability to economically salvage itself.
The current AMR plan is a graveyard.........again, that's my opinion anyway.