AAbyDefault;1531223
Hope this clarifies all the misleading info.[/quote said:
I dunno.
Something like a hundred years and a billion keystrokes might put a dent in it, though.
Some other items that the garden variety AA pilot absolutely, positively knows to be true about theTWA acquisition--
TWA was bankrupt, on the edge of liquidating, and all TWA employees were just about on the street. Never mind that the bankruptcy filing was a condition of the asset purchase, and that TWA had more cash in the bank at the time of acquisition than they had the previous year, and that the acquisition was the brainchild of our CEO, who was trying to keep his job.
AMR assumed billions in debt when they acquired TWA. Never mind that the bankruptcy process allowed AMR to shed the Karabu agreement, all subordinated debt, and many,many individual liabilities. Equipment lease rates were able to be renegotiated, Worldspan was put up for sale, and AA was able to replace some of their least efficient fleets with newer jets.
Had they not assumed that debt, they would have never lost a dime, never furloughed, and every native FO would now be a captain. Don't bother considering the effect of those two big buildings in NYC falling down and the subsequent economic toilet ride, it's clearly all TWA's fault.
And of course, AA got rid of all the TWA airplanes, and was stuck with the all pilots. Never mind that there are roughly 80 TWA airplanes still flying AMR colors, with only around 400 TWA pilots on the property. And don't ever, ever ask yourself, if you are a native in the bottom third of the seniority list, whether you would have been able to keep working post 9/11 had TWA not been acquired.
And finally, the catch all's. TWA airplanes were all junk, AA had to spend zillions just to get them up to "AA standards", they were all old, clapped out, and hadn't had any mtc done to them in years, since TWA was broke. Yet those very airplanes, most newer that AA's, were the ones that provided just enough cushion for the furloughs to barely touch the native ranks.
I'd say that AMR got value for their money.
And if they didn't, the junior AA pilot sure did.
(This was not posted to reopen the AA/TWA wound. I simply get sick of listening to the half-truths, misconceptions, and outright falsehoods that many continue to spout, and the overarching belief that all the problems at AA are directly the result of the TWA acquisition, that the acquisition directly harmed every AA native, and that the AA pilot group has made tremendous sacrifices because of it.)