NWA could be out of BK by fall

[lowecur]

It looks like all that remains is ratification of contracts and exit financing. It's amazing what Chapt 11 can do. This is the way AMR should have handled it, rather than relying on the good faith of negotiations with employees. My hats are off to both mgt and employees for what appears to be a "it's inevitable, so lets get it over with, and get on with the business of being the best we can be." A good example by the employees of not standing on principal to make a point. Smart!!!!

http://yahoo.reuters.com/stocks/QuoteCompanyNewsArticle.aspx?storyID=urn:newsml:reuters.com:20060307:MTFH07357_2006-03-07_16-07-24_N07378007&symbol=NWACQ.Pk&rpc=44

:beer:
imp:

 

[wmuflyguy]

The TA hasn't passed yet

 

[PCL_128]

It looks like all that remains is ratification of contracts and exit financing. It's amazing what Chapt 11 can do. This is the way AMR should have handled it, rather than relying on the good faith of negotiations with employees. My hats are off to both mgt and employees for what appears to be a "it's inevitable, so lets get it over with, and get on with the business of being the best we can be." A good example by the employees of not standing on principal to make a point. Smart!!!!

http://yahoo.reuters.com/stocks/QuoteCompanyNewsArticle.aspx?storyID=urn:newsml:reuters.com:20060307:MTFH07357_2006-03-07_16-07-24_N07378007&symbol=NWACQ.Pk&rpc=44

:beer:
imp:

There's a reason you sell insurance for a living. You don't understand the slightest thing about this industry. Go back to your cubicle and leave the aviation talk to the professionals.

 

[Bdfg1]

There's a reason you sell insurance for a living. You don't understand the slightest thing about this industry. Go back to your cubicle and leave the aviation talk to the professionals.

There is a reason you paid for your training.

 

[YourPilotFriend]

There is a reason you paid for your training.

What, to get farther in this career faster?

 

[81Horse]

I couldn't get the yahoo link to work. Here's the actual article:

http://today.reuters.com/investing/financeArticle.aspx?type=bondsNews&storyID=2006-03-07T160724Z_01_N07378007_RTRIDST_0_AIRLINES-NORTHWEST.XML

Doesn't Boyd have a real job?

 

[G4G5]

How long was UAL in CH11? Every month for 36+ months some idiot would say the same thing.

NWA did not rush into ch11 prior to the 10/17/05 law change only so they can rush out of ch11 and subject themselves to the new BK laws.

 

[FurloughedTwice]

It looks like all that remains is ratification of contracts and exit financing. It's amazing what Chapt 11 can do. This is the way AMR should have handled it, rather than relying on the good faith of negotiations with employees. My hats are off to both mgt and employees for what appears to be a "it's inevitable, so lets get it over with, and get on with the business of being the best we can be." A good example by the employees of not standing on principal to make a point. Smart!!!!

You are a complete moron. I actually laughed when I read this. So you are saying that bankruptcy is a better option for the employees, shareholders, creditors and the industry as a whole.

If you haven't noticed AA and CAL's stock has sky rocketed over the past few years because investors think they are in the best position to prosper. Well, guess what, they negotiated their contracts first.. Do a little research before you post.

Moron! :laugh:

 

[lowecur]

Once, Twice, Three Times a lady

You are a complete genius. Thank you. I actually laughed when I read this. I know, gifted people are happy people. So you are saying that bankruptcy is a better option for the employees, shareholders, creditors and the industry as a whole. Yes, I am.

If you haven't noticed AA and CAL's stock has sky rocketed over the past few years because investors think they are in the best position to prosper. Investors also thought ENRON was a great deal. Well, guess what, they negotiated their contracts first.. How much have those snap backs cost the company on their bottom line to date? Do a little research before you post. OK!

Genius!,

Another pinhead heard from.

imp:

 

[AAPilot]

Another pinhead heard from.

imp:

You are an idiot!

 

[PCL_128]

Another pinhead heard from.

imp:

Yep, and we've heard from you far too much. Go back to your cubicle and sell some insurance.

 

[Mugs]

How long was UAL in CH11? Every month for 36+ months some idiot would say the same thing.

NWA did not rush into ch11 prior to the 10/17/05 law change only so they can rush out of ch11 and subject themselves to the new BK laws.

Maybe so. What might slow it down is when the bank financing folks tell NWA that they will not provide exit financing with any defined benefit pension obligations in place. It will be interesting to see how if they consider the current freezes to be enough to take on the risk.

 

[FurloughedTwice]

Quote:
Originally Posted by FurloughedTwice
You are a complete genius. Thank you. I actually laughed when I read this. I know, gifted people are happy people. So you are saying that bankruptcy is a better option for the employees, shareholders, creditors and the industry as a whole. Yes, I am.

If you haven't noticed AA and CAL's stock has sky rocketed over the past few years because investors think they are in the best position to prosper. Investors also thought ENRON was a great deal. Well, guess what, they negotiated their contracts first.. How much have those snap backs cost the company on their bottom line to date? Do a little research before you post. OK!

Genius!,

Another pinhead heard from.

Enron, are you joking? They falsified their books to make them look profitable which is why investor bought the stock. You would have to compare CAL and AA as the Anti-Enron. They haven't made money for the last 5 years yet investors are still buying the stock. Again, do a little research before you post.

 

[G4G5]

Maybe so. What might slow it down is when the bank financing folks tell NWA that they will not provide exit financing with any defined benefit pension obligations in place. It will be interesting to see how if they consider the current freezes to be enough to take on the risk.

IMHO, if they don't think that they can secure proper exit financing, they will only stay in CH11 longer. Until they can find the financing or a merger partner.

 

[FlyBoeingJets]

It looks like all that remains is ratification of contracts and exit financing. It's amazing what Chapt 11 can do. This is the way AMR should have handled it, rather than relying on the good faith of negotiations with employees. My hats are off to both mgt and employees for what appears to be a "it's inevitable, so lets get it over with, and get on with the business of being the best we can be." A good example by the employees of not standing on principal to make a point. Smart!!!!

:beer:
imp:

Yeah, I get it Lowecur.

You're happy 'cause flying on NWA is going to stay cheap and they can now afford to buy your awesome E-jet.


GOT IT!

 

[Ex737Driver]

Another pinhead heard from.

imp:

So what I'm looking for is a 10 or 20 year fixed premium, term insurance with the ability to extend to 30 years with not much increase in cost. Non-tobbaco user with occasional alcohol use. What do you think I will pay a month?

 

[Yudso]

...occasional alcohol use.

This is an "anonymous" message board. Let's be honest.