US Air, AMR Merger "within weeks"

[ackattacker]

http://www.chicagotribune.com/busin...-next-2-weeks-sources-20130125,0,381582.story

US Airways Group Inc and American Airlines parent AMR Corp are in the final stages of negotiating a merger, with valuation and management structure being the two major sticking points left to resolve, four people familiar with the matter said.

The two airlines, as well as AMR's creditors and its bondholders, have focused their efforts in recent weeks on reaching a merger agreement, and a deal could come in the next two weeks, the people said on Friday.

Negotiations are continuing and could still fall apart, but progress has been made toward getting a deal done, the people said. An alternative plan for AMR to exit bankruptcy as an independent company appears a less likely path, they added.

AMR's board, which has not made a final decision and still considers its own restructuring plan as a viable one to revive the airline, plans to meet on Jan. 28 and Jan. 29 to discuss latest developments in the negotiations, the people said.

All the people asked not to be named because the matter is not public. US Airways declined to comment. An AMR spokesman said the carrier cannot comment on the status of the discussions.

Representatives for AMR's unsecured creditors committee and its bondholders group were not immediately reached for comment.

 

[crashmbern]

They said that a few weeks ago.

 

[ackattacker]

They said that a few weeks ago.

Agreed, but previous "leaks" have only said merger talks are progressing and decision soon. This is the first internal leak I've seen which explicitly says that merger is the most likely outcome. Also says within next 2 weeks.

 

[Flyer1015]

How is this SLI going to go? Binding doesn't mean binding to USAPA, so what will APA do?

 

[The Drizzle]

How is this SLI going to go? Binding doesn't mean binding to USAPA, so what will APA do?

USAPA likely will not exist at that point.

 

[kommutrdog]

They said that a few months ago.

Fixed it for you.

 

[reepicheep]

How is this SLI going to go? Binding doesn't mean binding to USAPA, so what will APA do?

If they don't like the result simply vote in a new union and void the arbitrated SLI?

 

[Blueridgeflyer]

Not soon enough. I want the CLT and PHX segments to propel me to Advantage Platinum.

 

[LaGarbage Man]

If they don't like the result simply vote in a new union and void the arbitrated SLI?

They won't be pulling that off again. This time around they will not enjoy a voting majority of the pilot group. Confucius say " may you live in interesting times " Well it's about to get real interesting around here.

 

[gutshotdraw]

US Air, AMR Merger "within weeks"


Can hordes of locusts be far behind?

Chaos. Mayhem. Disaster.

Monkey and a football springs to mind....

 

[doh]

US Air, AMR Merger "within weeks"


Can hordes of locusts be far behind?

Chaos. Mayhem. Disaster.

Monkey and a football springs to mind....

Come on! Just like Mongo like candy, monkey like football! Must be true because they keep trying to copulate...

 

[Bringupthebird]

I'd bet APA files for single carrier with the NMB on the same day the POR is filed. They can't shed USAPA fast enough (no one can).

 

[gutshotdraw]

I'd bet APA files for single carrier with the NMB on the same day the POR is filed. They can't shed USAPA fast enough (no one can).

Very true.

And I will be amused by MCDU's reaction when the arbitrators use the Nicolau list to represent the Airways pilots in the SLI. Seven years of working under a concessionary contract while demanding date of hire shot to hell....

 

[Jim]

My friend at AA has said to me that APA already plans on using the Nic for the SLI.

 

[Big Slick]

On the Allied Pilots Association members only website, it shows that all furloughees and Eagle flow-throughs will be on AA property by June.

(This does not include people who deferred or those on a Military Leave of Absence)

It also shows that the training academy plans to ramp up production from 50 per month to 70-80 per month starting in August.

They will have to hire someone to fill those classes.

Of course, things could change with a merger. But, either way, they will still need to hire in the near future.

Big Slick

 

[5ontheglide]

On the Allied Pilots Association members only website, it shows that all furloughees and Eagle flow-throughs will be on AA property by June.

(This does not include people who deferred or those on a Military Leave of Absence)

It also shows that the training academy plans to ramp up production from 50 per month to 70-80 per month starting in August.

They will have to hire someone to fill those classes.

Of course, things could change with a merger. But, either way, they will still need to hire in the near future.

Big Slick

I guess that's why AA has absolutely 0 links to an application portal on their website?

 

[Bringupthebird]

The MOU states that they will file for single carrier within 4 months. My guess is more like 4 hours. Then they can shed all the protocols that tied them to USAPA and unilaterally implement M-B SLI. Why would they want to wait to get their hands on the USAPA bank balance and deal with the Cleary peanut gallery that will try to obstruct whatever they can to fulfill their never-ending quest for importance?

Actually I think the M-B will be close enough to NIC to be practically indistinguishable, which of course will rile the USAPA faithful. What those clowns fail to realize is that they will never mount a successful legal defense (i.e.Leonidas) becasue they will have a rapidly dwindling number of supporters as they retire. I am sure APA has assessed the threat they pose and will act accordingly.

 

[sean67]

The MOU states that they will file for single carrier within 4 months. My guess is more like 4 hours. Then they can shed all the protocols that tied them to USAPA and unilaterally implement M-B SLI. Why would they want to wait to get their hands on the USAPA bank balance and deal with the Cleary peanut gallery that will try to obstruct whatever they can to fulfill their never-ending quest for importance?

Actually I think the M-B will be close enough to NIC to be practically indistinguishable, which of course will rile the USAPA faithful. What those clowns fail to realize is that they will never mount a successful legal defense (i.e.Leonidas) becasue they will have a rapidly dwindling number of supporters as they retire. I am sure APA has assessed the threat they pose and will act accordingly.

Hey Mesa grande boy! Why do you keep trashing threads with your drivel??

 

[Bringupthebird]

Hey Mesa grande boy! Why do you keep trashing threads with your drivel??

How's your "investment" in USAPA workin' out for ya? It just bought you a s-sandwich. Tuck in!

 

[sean67]

How's your "investment" in USAPA workin' out for ya? It just bought you a s-sandwich. Tuck in!

I've been on military leave taking care of more important business.I See that you have nearly 2000 posts ...speaks volumes of what you are doing on your free time