MidEx

[CitationLover]

American bought TWA out of Bankruptcy to bulk up with the proposed US Air and United Airlines merger that was going on at that time. American encouraged TWA to go into Ch. 11 so it could take over on the cheap. American was also going to acquire 20% of US Air's assets (40 Fokker-100s, 29 MD-80s, and all of US Air's 757s because they had rolls royce engines over United's Pratt and Whitney fleet of 757s). This was all proposed to allow the regulators to approve the merger between US Air and United. The merger only fell apart because United got in over their heads and refused to meet with the DOJ along with American, TWA, and US Air, who were at the table with the DOJ. When the DOJ asked United if they would come back to the table, United said no. The DOJ said they would then sue to block the merger and United withdrew their offer. United paid US Air $50 million and American was stuck with TWA. These are the facts!

i don't need a history lesson. i've heard the history from all the twa guys i flew with. american wanted twa in bankruptcy primarily to get rid of icahn's ticket scheme, yadda yadda yadda, carty had a stiffy because united would be bigger, yadda yadda yadda.

who cares. what you, me, or anyone on here states, is irrelevant. what you think is antitrust violations may not be so within the DOJ. all i know is politicians like to be reelected and tim values his stature within the MKE community, two factors telling me the deal will go through. if not, hello air tran possibly and then we can argue about staple / no staple.

on a sidenote and a bit of trivia. name the federal judge who finally allowed American to buy TWA.

 

[IdRtherBsailing]

on a sidenote and a bit of trivia. name the federal judge who finally allowed American to buy TWA.

Peter Walsh or Sue Robinson?

 

[Propsync]

the sky is falling because 2008 is a contractual year.

Not really. Maybe 2010. Maybe. Are you guys even at the table yet? If so, get ready for two years, plus concessions, more if you want scope, and a five year deal as icing on the cake.

 

[Eagle757shark]

i don't need a history lesson. i've heard the history from all the twa guys i flew with. american wanted twa in bankruptcy primarily to get rid of icahn's ticket scheme, yadda yadda yadda, carty had a stiffy because united would be bigger, yadda yadda yadda.

who cares. what you, me, or anyone on here states, is irrelevant. what you think is antitrust violations may not be so within the DOJ. all i know is politicians like to be reelected and tim values his stature within the MKE community, two factors telling me the deal will go through. if not, hello air tran possibly and then we can argue about staple / no staple.

on a sidenote and a bit of trivia. name the federal judge who finally allowed American to buy TWA.

WELL YOU GOT A HISTORY LESSON! It is not a matter of what I think, it is a matter of what the DOJ decides. I believe it was you who got on this board and started spouting about the world is going to feel sorry for Midwest and Tim and the DOJ is going to make a decision based on that. All I've said consistently is the DOJ will evaluate the transaction to see if there are antitrust issues involved, not rather Midwest will survive with or without this deal. They may approve it and they may not, but it will be solely based on antitrust issues. Tim and Carol made the world believe that their stand alone plan with 50 seat rjs was sound and going to make Midwest profitable. Truthfully, I don't care one way or the other.

 

[CitationLover]

Peter Walsh or Sue Robinson?

ya lost me batman. are you drinking and posting again?

http://www.peterwalshdesign.com/

http://www.discomuseum.com/VickiSueRobinson.html

put down the beer, step away from the blackjack table, go home and pick up that precious daughter of yours (batgirl).

 

[CitationLover]

Truthfully, I don't care one way or the other.

Then why are you replying? So who was the judge since YOU KNOW HISTORY?

 

[CitationLover]

Why doesn't TPG simply start buying shares at $14 and limit the amount of shares needed to buy at $17 if they feel confident about the deal going down?

Anyways, the stock is way up today, while other airline stocks are getting pounded. Perhaps something unreported yet is going on.

 

[IdRtherBsailing]

ya lost me batman. are you drinking and posting again?

http://www.peterwalshdesign.com/

http://www.discomuseum.com/VickiSueRobinson.html

put down the beer, step away from the blackjack table, go home and pick up that precious daughter of yours (batgirl).

Peter Walsh & Sue Robinson were two federal judges involved. Just a stab in the dark at being right and winning the prize.

 

[CitationLover]

Peter Walsh & Sue Robinson were two federal judges involved. Just a stab in the dark at being right and winning the prize.

it was Samuel Alito (now a member of the Supreme Court).

http://money.cnn.com/2001/04/09/deals/twa/index.htm

....American Airlines spokesman John Hotard said the ruling by U.S. Circuit Judge Samuel Alito lifting the stay would allow the sale to be completed Monday afternoon.....

for your effort i will buy the first beer in MCI when we're overnighting. you know i am a cheap date.

 

[pilotmyf]

Why doesn't TPG simply start buying shares at $14 and limit the amount of shares needed to buy at $17 if they feel confident about the deal going down?

Anyways, the stock is way up today, while other airline stocks are getting pounded. Perhaps something unreported yet is going on.

Way up = $15?

 

[IdRtherBsailing]

for your effort i will buy the first beer in MCI when we're overnighting. you know i am a cheap date.

I'll take it. Have you ever had a beer at the MCI hotel? That place will hit you harder than the Casino.

 

[CitationLover]

Way up = $15?

i will take a 6.38% gain on a stock in a day, you won't?

 

[pilotmyf]

Citation,
It's been up to $15.50 IN THE LAST 10 DAYS, so 3.2% drop since you fancy the math lover.

 

[CitationLover]

Citation,
It's been up to $15.50 IN THE LAST 10 DAYS, so 3.2% drop since you fancy the math lover.

following that logic it was near $17 at one point. you could have bought it at the beginning of the day yesterday and made 6%, that was my point.

and yes, math is soooo sexy.

 

[Flydaplane]

I always thought Midex hired people too fast. There would be no open time on my plane, yet they'd hire more FO's. Why not wait until guys start complaining about how many hours they were flying or until you have to JA a few times before you hire?
Bottom line, whether they write 6 letters (talk about wasting time, why not write one letter about how important you are and then end it?) or 9 letters the MEC screwed up by not backing the Tranny merger and still can't admit it(not that it would have done any good)(oh yeah and don't forget, the MEC has legitimate personal reasons for blocking there schedules...yea whatever).
Timmy sold the company down the river. 17 Furloughs won't have much of an effect on anything financially (except for those getting chopped right after Christmas).
Last I heard the Airtran deal was dead so why even consider/talk about it. I always thought it would be great, but i thought flying for an airline would be great too. I guess my judgment was lacking.
Good luck to those getting pink slips for Christmas.
Don't expect any help from the mec or the members...but if you ever get recalled you'll get sick of hearing about how much they fought for the junior guys.