Is it done? DL and NWA? Maybe.....

[General Lee]

Delta board to meet on merger plan
By Justin Baer and Francesco Guerrera in New York
Friday Feb 15 2008 19:10
Delta Air Lines (NYSEAL) ' board plans to meet on
Wednesday to approve the US carrier's merger with rival
Northwest Airlines (NASDAQ:NWAC) , people close to the
matter said on Friday.

The two airlines have already shared their proposal with
labour leaders and have been working toward securing their
support. Late on Friday, those negotiations were still
ongoing, the people said. Northwest may also call a board
meeting for Wednesday, they said.

The two airlines have agreed to exchange Northwest shares
for those of Delta at little or no premium, the people said.



Securing support of pilots and other workers would be a
crucial victory for the carriers' executives, who are
mindful that any deal would face stiffer opposition in
Washington without endorsements from key employee groups.

The Air Line Pilots Association represents pilots at both
Delta and Northwest. While each group has said it was open
to consolidation, they are pushing for wage increases to
unwind concessions they made to their airlines during their
bankruptcies. They also want to resolve how their members
will rank in the combined company's seniority list, which
helps determines how much pilots are paid and what aircraft
they fly.

While pilots cannot technically block two airlines from
merging, they can help galvanise opposition. Delta was able
to fend off a hostile bid from US Airways last year in part
because of the pilots' co-operation with management.

Delta has a market value of about $7bn, including shares the
company will issue to creditors as part of its agreement to
exit bankruptcy. Northwest is worth about $5bn. Both
carriers filed for protection from creditors in 2005 and
emerged last year.

Delta and Northwest also still need to determine whether Air
France-KLM, their mutual European ally, will invest in the
combined company, the people said.

Neither company immediately returned calls seeking coment.


Bye Bye--General Lee

 

[Benjamin Dover]

Delta board to meet on merger plan
By Justin Baer and Francesco Guerrera in New York
Friday Feb 15 2008 19:10
Delta Air Lines (NYSEAL) ' board plans to meet on
Wednesday to approve the US carrier's merger with rival
Northwest Airlines (NASDAQ:NWAC) , people close to the
matter said on Friday.

The two airlines have already shared their proposal with
labour leaders and have been working toward securing their
support. Late on Friday, those negotiations were still
ongoing, the people said. Northwest may also call a board
meeting for Wednesday, they said.

The two airlines have agreed to exchange Northwest shares
for those of Delta at little or no premium, the people said.



Securing support of pilots and other workers would be a
crucial victory for the carriers' executives, who are
mindful that any deal would face stiffer opposition in
Washington without endorsements from key employee groups.

The Air Line Pilots Association represents pilots at both
Delta and Northwest. While each group has said it was open
to consolidation, they are pushing for wage increases to
unwind concessions they made to their airlines during their
bankruptcies. They also want to resolve how their members
will rank in the combined company's seniority list, which
helps determines how much pilots are paid and what aircraft
they fly.

While pilots cannot technically block two airlines from
merging, they can help galvanise opposition. Delta was able
to fend off a hostile bid from US Airways last year in part
because of the pilots' co-operation with management.

Delta has a market value of about $7bn, including shares the
company will issue to creditors as part of its agreement to
exit bankruptcy. Northwest is worth about $5bn. Both
carriers filed for protection from creditors in 2005 and
emerged last year.

Delta and Northwest also still need to determine whether Air
France-KLM, their mutual European ally, will invest in the
combined company, the people said.

Neither company immediately returned calls seeking coment.


Bye Bye--General Lee

So GL,

If DL/NWA does happen, is it possible that you will actually admit in writing that you were wrong?? you know, one of your daily crytal balls awhile back about how DL would sit on the sidelines until someone else merged.

I'm sure you'll spin in your wisdom somewhere.

What ever happened to "keep Delta my Delta?"

BD

 

[John Pennekamp]

So GL,

If DL/NWA does happen, is it possible that you will actually admit in writing that you were wrong?? you know, one of your daily crytal balls awhile back about how DL would sit on the sidelines until someone else merged.

I'm sure you'll spin in your wisdom somewhere.

What ever happened to "keep Delta my Delta?"

BD

Remember General Lee has also predicted DALPA would NEVER cave on scope. THREE TIMES!!! Yet RJs with Pepsi can tails fill the sky like fireflies.

 

[General Lee]

So GL,

If DL/NWA does happen, is it possible that you will actually admit in writing that you were wrong?? you know, one of your daily crytal balls awhile back about how DL would sit on the sidelines until someone else merged.

I'm sure you'll spin in your wisdom somewhere.

What ever happened to "keep Delta my Delta?"

BD

Okay, what? I never said that (ok, now show me--look it up) I think I stated way back when that DL and NWA would probably hook up since they both were SkyTeam participants and it fit well with little overlap.

As far as "Keep Delta my Delta", looks like we are keeping the Delta part, with headquarters in ATL. We didn't want USAir to come in when we were helpless in BK, and it honestly would have been a bad merger or acquisition. Really, way too much overlap, disgruntled employees, an interesting leader who just got a DUI, need I name more reasons?


Bye Bye---General Lee

 

[General Lee]

Remember General Lee has also predicted DALPA would NEVER cave on scope. THREE TIMES!!! Yet RJs with Pepsi can tails fill the sky like fireflies.

When you are threatening a strike or anything adversarial, you have to put forth your message. Does it mean it won't come out the way you want it? Maybe, especially when a BK judge is watching. But, you need to stay focused and make people think your are focused.

As far as the current number of RJs out there, yes, there are too many. The numbers will be dropping fast also, and maybe regional airlines will be dropping too with the upcoming mergers. Just remember, Dayjet is hiring for the new Eclipse jet----the 5 seater.


Bye Bye--General Lee

 

[John Pennekamp]

When you are threatening a strike or anything adversarial, you have to put forth your message. Does it mean it won't come out the way you want it? Maybe, especially when a BK judge is watching. But, you need to stay focused and make people think your are focused.

As far as the current number of RJs out there, yes, there are too many. The numbers will be dropping fast also, and maybe regional airlines will be dropping too with the upcoming mergers. Just remember, Dayjet is hiring for the new Eclipse jet----the 5 seater.
Bye Bye--General Lee

Oh, I see, so you carried the flag and ran ahead of the troops in the strike effort. It was all you and your Flightinfo rhetoric that "saved" the Delta pilots.

Son, a lot of people owe you a debt of gratitude. I had no idea you were the one who saved the Delta pilots in Bankruptcy. All because of the BS you wrote here. Wow!

 

[Heavy Set]

Oh, I see, so you carried the flag and ran ahead of the troops in the strike effort. It was all you and your Flightinfo rhetoric that "saved" the Delta pilots.

Son, a lot of people owe you a debt of gratitude. I had no idea you were the one who saved the Delta pilots in Bankruptcy. All because of the BS you wrote here. Wow!

Give it up John. You sound like a bitter old man. People can support issues and not have them come to fruition. Some things are out of our control. When will the ATRs be sold off?

 

[General Lee]

Oh, I see, so you carried the flag and ran ahead of the troops in the strike effort. It was all you and your Flightinfo rhetoric that "saved" the Delta pilots.

Son, a lot of people owe you a debt of gratitude. I had no idea you were the one who saved the Delta pilots in Bankruptcy. All because of the BS you wrote here. Wow!

Hey, you have to stick to the script. Someday, DAD, you will understand. It is tough being a total rebel like yourself. How has that helped your current situation? What field did you say you were going to start studying so you could get out of aviation? Welding? Su-wheat. Go for it, future Teamster.

Bye Bye--General Lee

 

[rf285]

Hey J-money,

If the general will be swinging gear on the 9, you'll be playing a homemade drum on the streets of Atlanta as a career.

Give it up!

 

[Spectre]

Delta board to meet on merger plan
By Justin Baer and Francesco Guerrera in New York
Friday Feb 15 2008 19:10
Delta Air Lines (NYSEAL) ' board plans to meet on
Wednesday to approve the US carrier's merger with rival
Northwest Airlines (NASDAQ:NWAC) , people close to the
matter said on Friday.

The two airlines have already shared their proposal with
labour leaders and have been working toward securing their
support. Late on Friday, those negotiations were still
ongoing, the people said. Northwest may also call a board
meeting for Wednesday, they said.

The two airlines have agreed to exchange Northwest shares
for those of Delta at little or no premium, the people said.



Securing support of pilots and other workers would be a
crucial victory for the carriers' executives, who are
mindful that any deal would face stiffer opposition in
Washington without endorsements from key employee groups.

The Air Line Pilots Association represents pilots at both
Delta and Northwest. While each group has said it was open
to consolidation, they are pushing for wage increases to
unwind concessions they made to their airlines during their
bankruptcies. They also want to resolve how their members
will rank in the combined company's seniority list, which
helps determines how much pilots are paid and what aircraft
they fly.

While pilots cannot technically block two airlines from
merging, they can help galvanise opposition. Delta was able
to fend off a hostile bid from US Airways last year in part
because of the pilots' co-operation with management.

Delta has a market value of about $7bn, including shares the
company will issue to creditors as part of its agreement to
exit bankruptcy. Northwest is worth about $5bn. Both
carriers filed for protection from creditors in 2005 and
emerged last year.

Delta and Northwest also still need to determine whether Air
France-KLM, their mutual European ally, will invest in the
combined company, the people said.

Neither company immediately returned calls seeking coment.


Bye Bye--General Lee

Honestly, I don't think the NWA pilots will let this merger happen. What do you think they will get out of this merger? In the late 90's, there was talk of an American-NWA merger. That never happened.

First, their stock would be worth nothing more as it would be a 1 for 1 trade and both stock prices are the same right now. Second, mergers require synergies. That means closing Memphis, too close to Atlanta. It also means closing CVG, too close to DTW. It probably also means parking all the DC-9s remaining. All this means lost jobs for both DAL and NWA so the companies can be more streamlined to make more money.

As pilots, we can always think of more furloughs or a move to another domicile to continue working. However, for the gate agents, the rampers, the mechanics and support personnel at the closed bases, it means nothing more than a permanent job loss as most would not be willing to relocate.