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article - SWA to buy DAL assets if merger occurs

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"We can certainly understand the interest in Delta's assets," Delta spokeswoman Betsy Talton told Reuters. "However, there are no Delta assets for sale."



In other words, thanks, but no thanks. Hillarious. I am sure Southwest wants a merger, so they could get some gates and slots. No doubt they want it to go ahead. Too bad.


Bye Bye--General Lee
 
"Southwest assumes a deal has a "decent chance of actually happening," according to a report on the Wall Street Journal's Web site.
Southwest Chief Executive Gary Kelly said if the bid were to proceed, US Airways and Delta would have to sell some assets to address antitrust concerns, according to the report."
Even the General knows GK is one sharp guy. He's got the brains and the money to buy. I'm sure he's got some influence over the Aviation Board as well.
 
ATA didn't want to get rid of gates at MDW either. Guess what, its not going to be up to Delta, it will be up to their creditors.

SWA would probably pay $750M-$1B for the shuttle and some gates and airplanes. That alone may get Delta out of BK without USAir.

SWA will be flying the Delta shuttle by summertime only they will be doing it better and more cost effectively. You can take that to the bank.
 
Not surprised

GuppyWN said:
Wow. Didn't see that one coming.

Gup
Click to expand...
Shuttles and gates at PHL(as Int'l moves to JFK) and CVG would probably be most realistic. That should give them enough room for all those new a/c.

Now all they need is a new TA, and they might be able to make some of that money back.;)

:pimp:​
 
If SWA should buy some assets, does that mean they'll take pilots also?? Or will they only take 25% of the pilot's that are willing to go and, of course, need to get a 737 type within 6 months.
 
jonjuan said:
"Southwest assumes a deal has a "decent chance of actually happening," according to a report on the Wall Street Journal's Web site.
Southwest Chief Executive Gary Kelly said if the bid were to proceed, US Airways and Delta would have to sell some assets to address antitrust concerns, according to the report."
Even the General knows GK is one sharp guy. He's got the brains and the money to buy. I'm sure he's got some influence over the Aviation Board as well.
Click to expand...

Does he have influence over our creditors? Dalpa is the largest unsecured creditor, and add to that Boeing (looking for more orders, and not wanting USAir and Airbus), Coke (based in ATL), Pratt (our 757s have Pratt engines, USAir does not), Fidelity, and the PBGC. There are a couple more, consisting of a Bank and maybe a lessor or two. When Grinstein told them two months ago about Parker and his bid then, they all agreed it was not in the best interest of the company. But, maybe GK can convince them.........right.


Bye Bye--General Lee
 
lowecur said:
Shuttles and gates at PHL(as Int'l moves to JFK) and CVG would probably be most realistic. That should give them enough room for all those new a/c.

Now all they need is a new TA, and they might be able to make some of that money back.;)


:pimp:​
Click to expand...


You are just as bad as everyone else, looking for hype. Southwest also said they would buy our stuff if we liquidated (a year ago). They are always interested in slots and gates. You should know that by now, but you love the hype too. As the DL spokeswoman said, it is NOT for sale.

Bye Bye--General Lee
 
Bill Nelson said:
ATA didn't want to get rid of gates at MDW either. Guess what, its not going to be up to Delta, it will be up to their creditors.

SWA would probably pay $750M-$1B for the shuttle and some gates and airplanes. That alone may get Delta out of BK without USAir.

SWA will be flying the Delta shuttle by summertime only they will be doing it better and more cost effectively. You can take that to the bank.
Click to expand...

Again, you need to look at who is on the creditor committee. 9 members total (Dalpa and Boeing are two of the largest), and most if not all are allies. Again, the spokeswoman said NOTHING was for sale. With the USAir bid, our worth went straight up in Wall St.'s eyes, and our own investors and exit financiers now see us with more value. Sad but true.


Bye Bye--General Lee
 
General Lee said:
Again, you need to look at who is on the creditor committee. 9 members total (Dalpa and Boeing are two of the largest), and most if not all are allies. Again, the spokeswoman said NOTHING was for sale. With the USAir bid, our worth went straight up in Wall St.'s eyes, and our own investors and exit financiers now see us with more value. Sad but true.


Bye Bye--General Lee
Click to expand...

You keep saying the biggest stake holders are Dalpa and Boeing. I'll agree that they have a say but I would think the "Bond" holders have more at stake here and more of a position! Even though they tend to be "long" on positions they would have to give this a Look! They are the ones i would worry about if i were you!

Granted Boeing will want a big order to capitulate to one side or the other. That would play to DAL on the surface. But I wouldn"t be so quick to count them in yet! Especially if they see this as benifical in the long run...don't cha know!

I still believe their are other players putting a plan together to compete!

This is just begining!:bawling:

If you want to see whats going on behind the scenes rent"Barbarians at the gate" I'm sure its on video..its an old TV movie about RJR-Nabisco (merger, buyout).
 
What I see if the two biggest creditors are DALPA and Boeing. One is primarily dependant on Delta for their income the other has other resources and revenue streams. Nothing in the SWA offer was disrespectful or not in a good business interest for SWA. Saying no to the sale drives the price up as we all know. Lets look at what bankruptcy does, it limits creditors return on the dollar they are owed. If a company wants to buy assets higher then what Delta wants to compensate its creditors for, that is better for the creditors. So if company pride says no, that is fine. If you were owed money, as you were in your pensions, would you be interested in selling assets to keep your pensions? I would probably say yes. Now that has unfortunately happened, and that is terrible. Shame on Delta. Shame on not protecting the value of the dollar to the creditors.
 
I am sure Southwest wants a merger, so they could get some gates and slots. No doubt they want it to go ahead.
Click to expand...

You gotta be ready to play the game. Attack!
 
A bank writes Parker a huge $8 billion check and everyone assumes the transaction will proceed. There are many, many hurdles to jump. Plus, a bigger and more strategic partner like UAL could jump in - UAL and DAL ultimately would make a better team if a merger were to happen based on more complementary routes.
 
Hey General, the 8 billion was the starting bid. It may very well go up from there by multiple carriers. What if DAL merges with someone such as CAL? Assets will have to be sold whether a buyout or merger comes to fruition. LUV is putting their hat in the ring for those assets and they have the money to win the bidding war.
If DAL "merges", who would be the best fit? LLC's fleet and routes just do not seem to fit very well. UAUA and NWA fleets do not work much either.

Goat
 
money talks BS walks.... In December, this DAL plan needs to be better then the buyout offer or else.

Creditors want their money, which plan gives them the most money. Its not about employees, cities, airplanes or routes.... its about money. Heck, all they have to do is show the current CEO and management types how big their golden parachutes are going to be and they will be on board.


LETS REVIEW EVERYONES REACTION TO THE TAKEOVER OFFER FROM US AIRWAYS:
:smash: = Parker's offer
:0 = DELTA's current CEO
:mad: = Tilton over at UAL
:) :D = Creditors
:eek: = Current US Airways/AWA & Delta employees
:puke:= General Lee
:crying: = NWA management
;) = CAL management
:pimp: = Gary Kelly and Herb @ Southwest Airlines
 
Last edited:
LETS REVIEW EVERYONES REACTION TO THE TAKEOVER OFFER FROM US AIRWAYS:
:smash: = Parker's offer
:0 = DELTA's current CEO
:mad: = Tilton over at UAL
:) :D = Creditors
:eek: = Current US Airways/AWA & Delta employees
:puke:= General Lee
:crying: = NWA management
;) = CAL management
:pimp: = Gary Kelly and Herb @ Southwest Airlines[/quote]




Hilarious!!!! LOL
 
SWA/FO said:
money talks BS walks.... In December, this DAL plan needs to be better then the buyout offer or else.

Creditors want their money, which plan gives them the most money. Its not about employees, cities, airplanes or routes.... its about money. Heck, all they have to do is show the current CEO and management types how big their golden parachutes are going to be and they will be on board.


LETS REVIEW EVERYONES REACTION TO THE TAKEOVER OFFER FROM US AIRWAYS:
:smash: = Parker's offer
:0 = DELTA's current CEO
:mad: = Tilton over at UAL
:) :D = Creditors
:eek: = Current US Airways/AWA & Delta employees
:puke:= General Lee
:crying: = NWA management
;) = CAL management
:pimp: = Gary Kelly and Herb @ Southwest Airlines
Click to expand...

Bonus points awarded ^^^^^^^^^ for exceptional use of smilies!
 
Dude, do you irritate everyone you fly with like you irritate everyone here? A 2 day must feel like a week with you.
Click to expand...

this might be a true statement, however I only fly 4 days. :nuts:
 
SWA/FO said:
money talks BS walks.... In December, this DAL plan needs to be better then the buyout offer or else.

Creditors want their money, which plan gives them the most money. Its not about employees, cities, airplanes or routes.... its about money. Heck, all they have to do is show the current CEO and management types how big their golden parachutes are going to be and they will be on board.


LETS REVIEW EVERYONES REACTION TO THE TAKEOVER OFFER FROM US AIRWAYS:
:smash: = Parker's offer
:0 = DELTA's current CEO
:mad: = Tilton over at UAL
:) :D = Creditors
:eek: = Current US Airways/AWA & Delta employees
:puke:= General Lee
:crying: = NWA management
;) = CAL management
:pimp: = Gary Kelly and Herb @ Southwest Airlines
Click to expand...




that is too funny
 
:mad: Capt. sees me on the schedule.......:puke:calls in sick. Replaced by younger, cool new reserve Capt. :cool: We fly the 4 day trip :laugh: all the way to the bank. We talk about current events, the war and flightinfo.com :uzi: Then its onto the 1-:beer: 2- :beer: 3- :D

then the 5th :) of the month and the 20th of the month :D . Life is good
 
spinproof said:
You keep saying the biggest stake holders are Dalpa and Boeing. I'll agree that they have a say but I would think the "Bond" holders have more at stake here and more of a position! quote]

I believe the bond holders only account for 30% of all the claims. I'm not sure if they get a vote on any plan of reorganization.
Click to expand...
 

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