ATA and HP?

[oldxfr8dog]

Anyone know any details? Merger or aquisition? Pilots and equipment?
Integration or staple?
This business often sucks, but it's seldom boring!

 

[storminpilot]

http://finance.messages.yahoo.com/bbs?.mm=FN&action=m&board=7080754&tid=amtr&sid=7080754&mid=6740

 

[TWA Dude]

Quote from Planebusiness: From what I understand, an update on the negotiations was presented to pilots at AWA on Monday.

If our MEC knows anything they haven't spilled the beans to the rank-and-file. I'd still file this one under rumor rather than fact.

On an unrelated note, AWA will open LAS as a crew base on Jan 31.

 

[NAA Pilot]

Just read on Yahoo ATAH board that there may be a three way merger/aquisition in the works. Best of luck to those invloved. Mergers SUCK!

 

[CaptSeth]

Just read on Yahoo ATAH board that there may be a three way in the works.

This is not the three way I had in mind.

 

[AA717driver]

This is not the three way I had in mind.

Yeah, but you'll probably still get F**ked!

Good luck to all the ATA people.TC

 

[FLYNAKD]

I just came off a five day and every employee at every station I went to said that a "big" announcement is coming "in the next few days". The other one was that there has been a lot of company traffic between IND and PHX with tons of lawyers in IND. Maybe we rented out some meeting rooms for the Indiana Bar Association to generate some revenue.

 

[Cactus73]

Something big is going on. Even the Arizona Republic reported Parker in IND last week.

Planebusiness.com reported that our MEC was briefed on Monday. Holly doesn't seem too happy about a outright merger and I have to agree with her.

Merging airlines doesn't get AWA out of ATA's really high front loaded lease rates. It would also require us to assume a lot of debt. AWA is already one of the most leveraged airlines in business. We don't own anything except the PHX MX center.

I wouldn't be surprised to see a TWA senerio play out where ATA declares bankruptcy in a pre-packaged deal with the creditors so AWA can renegotiate lease rates and dispose of the L1011's. I could also see SWA given access to some of the goods to avoid a large competitive bid played out in bankruptcy court. Remember Gordon Bethune screaming lawsuit right after the AA/TWA merger. I'm sure he's glad he didn't sue now!

Anyone hear anything else?

After hearing more and more, I don't think there will be anything big announced.

Maybe a code-share?

 

[roughneck]

I hear SWA's big announcement is set for the conference call during the 3rd qtr. results forum.

 

[CaptSeth]

<thump>

That was the sound of a brick falling out of my pants.

 

[hawkerflyer]

Some geek on the airliners.net site is suggesting that a deal is in the works for SWA to take over the -800s. So many experts, so little knowledge...

 

[xanderman]

Mergers SUCK!

Yeah history has shown this stuff is not good...