NWA Liquidation

nwaredtail

Well-known member
Joined
Mar 5, 2005
Posts
622
Total Time
9000+
Rumor has it Gary Wilson sold all his remaining shares on Nov.1. The reason our MEC is pushing a worse than UAL contract is because the sale of the pacific routes/fragmentation would look better to a new purchasing carrier and maybe the pilots would go with the sale. IE pacific and cargo. Most would be the senior "red" pilots from the original Northwest. Pacific and cargo are the only thing NWA worth a hill on beans anyway.

Rumor also has it that this is the reason AMR has been hourding cash and going to their pilots for more concessions. Give us more and we will buy some routes and expand.
 

G4G5

Well-known member
Joined
Sep 20, 2002
Posts
1,800
Total Time
8500+
Boy would that be something. D. Worthless would wind up with the same integration as the TWA pilots at a non ALPA carrier. Ouch.
 

iflyhigh

Well-known member
Joined
Jun 20, 2003
Posts
204
Total Time
5000
If D. Worthless, gets stapled to AMR seniority list, which is non-alpa, does this mean he has to leave his position at ALPA national.

Please say its so.
 

Jim Smyth

Well-known member
Joined
Oct 13, 2004
Posts
603
Total Time
20K
I dont believe that Duane would have to step down. Back in the 80's Randy Babbit was an Eastern Pilot that was in Duanes position for many years after Eastern was out of business.
 

HowlinMadMurdoc

Did I crash again???
Joined
Nov 13, 2004
Posts
205
Total Time
3000+
nwaredtail said:
Rumor has it Gary Wilson sold all his remaining shares on Nov.1.
I believe this could be substantiated by reviewing the Insider and Rule 144 Transactions. I checked NWA current ticker on Yahoo and none were listed.

Good luck to all at NWA.

HMM
 

Dangerkitty

Well-known member
Joined
Feb 21, 2004
Posts
1,353
Total Time
8700
nwaredtail said:
Rumor has it Gary Wilson sold all his remaining shares on Nov.1. The reason our MEC is pushing a worse than UAL contract is because the sale of the pacific routes/fragmentation would look better to a new purchasing carrier and maybe the pilots would go with the sale. IE pacific and cargo. Most would be the senior "red" pilots from the original Northwest. Pacific and cargo are the only thing NWA worth a hill on beans anyway.

Rumor also has it that this is the reason AMR has been hourding cash and going to their pilots for more concessions. Give us more and we will buy some routes and expand.http://forums.flightinfo.com/images/icons/icon8.gif
After the TWA debacle the only way that I can imagine AMR doing this is if the routes are bought and the pilots and everything else are left behind. With almost 3000 AA pilots on the street I dont see how AMR could get this past the APA without all hell breaking loose.

But since we are talking about AMR management I guess anything is possible. Maybe thats the reason the APA is talking up concessions so much without AMR asking for it.
 

G4G5

Well-known member
Joined
Sep 20, 2002
Posts
1,800
Total Time
8500+
Lots of Gary Wilson but nothing listed recently and nothing came up when I did WSJ search

Transactions by DateDateName
TitleActionSharesPriceValue8/17/05WILSON GARY L D Sold 50,000 $5.0 $250,000 8/08/05RISTOW MICHAEL G D Sold 2,800 $4.18 $11,700 8/02/05WILSON GARY L D Sold 56,778 $5.0 $283,890 7/14/05WILSON GARY L D Sold 50,000 $5.0 $250,000 7/05/05STEENLAND DOUGLAS M CEO Sold 24,137 $4.13 $99,606 6/29/05WILSON GARY L D Sold 48,880 $5.0 $244,400 6/24/05WILSON GARY L D Sold 2,982 $5.04 $15,037 6/23/05WILSON GARY L D Sold 39,830 $5.15 $205,278 6/23/05WILSON GARY L D Sold 33,100 $5.19 $171,876 6/22/05WILSON GARY L D Sold 31,670 $5.2 $164,637 6/21/05WILSON GARY L D Sold 45,000 $5.18 $232,968 6/20/05WILSON GARY L D Sold 50,020 $5.0 $250,107 6/17/05WILSON GARY L D Sold 25,627 $5.12 $131,153 6/17/05WILSON GARY L D Sold 55,750 $5.21 $290,440 6/16/05WILSON GARY L D Sold 26,100 $5.3 $138,420 6/15/05WILSON GARY L D Sold 39,850 $5.3 $211,119 6/14/05WILSON GARY L D Sold 21,900 $5.6 $122,743 6/14/05ROBERTS ANDREW C O Sold 11,847 $5.41 $64,112 6/14/05WILSON GARY L D Sold 28,820 $5.46 $157,262 6/13/05WILSON GARY L D Sold 65,810 $5.64 $371,347 6/10/05WILSON GARY L D Sold 98,620 $6.23 $614,545 6/10/05WILSON GARY L D Sold 34,192 $6.28 $214,799 6/09/05WILSON GARY L D Sold 66,583 $6.33 $421,312 6/08/05WILSON GARY L D Sold 255,756 $6.29 $1,608,925 6/08/05WILSON GARY L D Sold 29,100 $6.29 $183,058 6/08/05WILSON GARY L D Sold 201,372 $6.4 $1,288,301 6/08/05WILSON GARY L D Sold 20,900 $6.48 $135,518 6/08/05WILSON GARY L D Sold 265,588 $6.26 $1,661,578 6/08/05WILSON GARY L D Sold 248,184 $6.31 $1,566,412 6/07/05WILSON GARY L D Sold 21,537 $6.52 $140,512 6/07/05WILSON GARY L D Sold 22,900 $6.56 $150,148 6/07/05WILSON GARY L D Sold 244,444 $6.48 $1,583,637 6/07/05WILSON GARY L D Sold 36,359 $6.56 $238,640 6/07/05WILSON GARY L D Sold 127,128 $6.59 $838,049 6/07/05WILSON GARY L D Sold 111,769 $6.68 $746,917 6/06/05WILSON GARY L D Sold 20,263 $6.4 $129,752 6/06/05WILSON GARY L D Sold 34,200 $6.27 $214,271 6/06/05MALEK FREDERIC V D Sold 40,000 $6.27 $250,899 6/03/05WILSON GARY L D Sold 40,253 $6.25 $251,635 6/02/05WILSON GARY L D Sold 23,427 $6.27 $146,812 5/27/05WILSON GARY L D Sold 22,605 $5.44 $122,992 5/26/05WILSON GARY L D Sold 39,490 $5.31 $209,750 5/24/05WILSON GARY L D Sold 41,607 $5.31 $220,830 5/23/05WILSON GARY L D Sold 37,481 $5.59 $209,696 5/23/05WILSON GARY L D Sold 23,619 $5.65 $133,506 5/20/05WILSON GARY L D Sold 43,976 $5.71 $251,080 5/19/05MATHEWS JAMES G O Sold 1,346 $5.45 $7,335 5/19/05STEENLAND DOUGLAS M CEO Sold 22,282 $5.56 $123,779 5/19/05WILSON GARY L D Sold 26,924 $5.54 $149,273 5/19/05WILSON GARY L D Sold 26,300 $5.51 $144,837 5/18/05WILSON GARY L D Sold 26,725 $5.49 $146,621 5/18/05WILSON GARY L D Sold 32,379 $5.31 $172,017 5/17/05WILSON GARY L D Sold 30,996 $5.27 $163,256 5/16/05WILSON GARY L D Sold 100,000 $5.03 $503,479 5/16/05WILSON GARY L D Sold 100,000 $5.03 $503,479 5/03/05GRIFFIN J TIMOTHY O Sold 4,630 $4.95 $22,903 5/03/05STEENLAND DOUGLAS M CEO Sold 13,926 $4.94 $68,741 4/29/05CHECCHI ALFRED A D Sold 447,000 $5.07 $2,265,274 4/28/05CHECCHI ALFRED A D Sold 700,000 $5.16 $3,614,799 4/27/05HAAN PHILIP C O Sold 23,147 $5.1 $118,119 4/27/05HAAN PHILIP C O Sold 23,147 $5.1 $118,119 4/27/05CHECCHI ALFRED A D Sold 500,000 $5.09 $2,543,163 4/26/05GRIFFIN J TIMOTHY O Sold 23,147 $5.46 $126,382 4/26/05STEENLAND DOUGLAS M CEO Sold 27,850 $5.48 $152,611 3/30/05CHECCHI ALFRED A D Sold 40,000 $7.0 $280,000 3/24/05CHECCHI ALFRED A D Sold 209,496 $7.05 $1,477,798 3/16/05CHECCHI ALFRED A D Sold 10,100 $7.0 $70,700 3/14/05CHECCHI ALFRED A D Sold 500,000 $7.03 $3,516,724 3/01/05CHECCHI ALFRED A D Sold 100,000 $7.17 $716,517 2/03/05CHECCHI ALFRED A D Sold 12,100 $7.75 $93,775 2/02/05CHECCHI ALFRED A D Sold 387,900 $7.53 $2,921,444 2/01/05STEENLAND DOUGLAS M CEO Sold 21,826 $7.49 $163,430 1/25/05CHECCHI ALFRED A D Sold 200,000 $7.42 $1,483,390 1/24/05CHECCHI ALFRED A D Sold 700,000 $7.18 $5,028,759 1/24/05CHECCHI ALFRED A D Sold 18,300 $7.49 $137,152 1/24/05CHECCHI ALFRED A D Sold 81,700 $7.67 $626,493 1/21/05MATHEWS JAMES G O Sold 1,346 $8.02 $10,794 11/02/04ANDERSON RICHARD H D Sold 94,172 $9.52 $896,835 11/01/04HAAN PHILIP C O Sold 28,250 $9.03 $255,097 11/01/04HAAN PHILIP C O Sold 28,250 $9.03 $255,097 10/25/04GRIFFIN J TIMOTHY O Sold 24,397 $8.05 $196,395 10/22/04ANDERSON RICHARD H D Sold 25,770 $7.84 $202,036 Shares are not adjusted for stock splits

Source: Thomson Financial
 
Last edited:

radarlove

Well-known member
Joined
Mar 21, 2005
Posts
677
Total Time
years
Don't know anything about a planned liquidation, but I wouldn't read anything at all into stock sales by insiders in a Ch. 11 company. I pity the fools buying the shares, but remember this line "Bankrupt companies cancel their shares."

Again, "Bankrupt companies cancel their shares." So once Ch.11 is declared, the shares will evenually be cancelled. They even say so in their investor relations press releases. Some chumps keep day trading them, but it's just stupid to hold on to them until they become completely worthless.

UAL's hovered around a dollar for two years after they declared, so the ESOP was able to dump a lot of them to the day traders, getting at least some value out of that fiasco.
 

Beetle007

Well-known member
Joined
Dec 5, 2001
Posts
743
Total Time
4500+
nwaredtail said:
Most would be the senior "red" pilots from the original Northwest. Pacific and cargo are the only thing NWA worth a hill on beans anyway.
I thought the roberts award was going away after the end of the year? Doesn't this get rid of the red vs green seniority and make it purely a date of hire (at original airline) seniority based list. Being from the original Northwest will no longer have anything to do with seniority.
 

DwayneWorthless

The Supreme One
Joined
Oct 18, 2005
Posts
113
Total Time
$$$$$$
Me?

I will not go quietly. You will pay your DUES to the bitter end.... ha ha ha (Evil Vincent Price laugh) Now go pay your UNION DUES.
 

Palomino

Well-known member
Joined
Mar 9, 2004
Posts
582
Total Time
6000
haha...i question the picture

it appears to be a fella who goes on TV and shouts his supremacy to the nation. must be a case of mistaken identity.
 

AA717driver

A simpler time...
Joined
Mar 27, 2003
Posts
4,911
Total Time
+/-13k
G4G5 said:
Boy would that be something. D. Worthless would wind up with the same integration as the TWA pilots at a non ALPA carrier. Ouch.
I love you man!

I can see it now...

ALPA pilots get what they F^@kin' deserve! Payback's a B!t@h!

Fair and equitable. That's ALPA's way, right? Now get out of my -400.

(sounds of me waking from my dream...)

Thanks, P, I needed that! :D TC
 

AA717driver

A simpler time...
Joined
Mar 27, 2003
Posts
4,911
Total Time
+/-13k
Palomino said:
haha...i question the picture

it appears to be a fella who goes on TV and shouts his supremacy to the nation. must be a case of mistaken identity.
Yeah, is that Dr. Phil or Duane Woerthless? Oh well, it doesn't matter, they're both snake oil salesmen!

"Ha, I've still got mine, the FEDEX pilots will walk the line so I get a raise. And if I'm REALLY good, I'll get those dupes at UPS to join ALPA and I can retire in a couple of years." D. Woerth.


:rolleyes: TC
 

ACAFool

Well-known member
Joined
Mar 25, 2003
Posts
100
Total Time
3500
nwaredtail said:
Rumor also has it that this is the reason AMR has been hourding cash and going to their pilots for more concessions. Give us more and we will buy some routes and expand.http://forums.flightinfo.com/images/icons/icon8.gif

With thousands of rumors posted on here each year, I guess 1 has to actually come true at some point. This one is just about as likely as any of those other thousands of rumors. I'll believe that when I see it.
 

smellthejeta

The plane I solo'd in
Joined
Mar 31, 2003
Posts
588
Total Time
afew
Palomino said:
haha...i question the picture

it appears to be a fella who goes on TV and shouts his supremacy to the nation. must be a case of mistaken identity.
I met the dude in the picture at an unnamed FBO. He was flying around in a beat-up GII and was a real prick to boot.
 

dbrownie

Well-known member
Joined
Nov 13, 2004
Posts
261
Total Time
17,000
nwaredtail said:
Rumor has it Gary Wilson sold all his remaining shares on Nov.1. The reason our MEC is pushing a worse than UAL contract is because the sale of the pacific routes/fragmentation would look better to a new purchasing carrier and maybe the pilots would go with the sale. IE pacific and cargo. Most would be the senior "red" pilots from the original Northwest. Pacific and cargo are the only thing NWA worth a hill on beans anyway.

nwaredtail,

The pacific routes NWA has are agreements with NWA only; they cannot be sold off (or they would have by now!). My understanding.
by the way Red Green is over.

Dave B
 

G4G5

Well-known member
Joined
Sep 20, 2002
Posts
1,800
Total Time
8500+
They can be sold.

In the very same manner that Pan Am sold their routes to UAL. They are an asset that can leveraged and liquidated.
 

AA717driver

A simpler time...
Joined
Mar 27, 2003
Posts
4,911
Total Time
+/-13k
Or the TWA LHR routes and slots. Anything is for sale these days.TC
 

crashpad

"Why do you come to me?"
Joined
Jun 11, 2003
Posts
1,354
Total Time
+13000
I know a guy with a wife and kid at NWA. I wish them the best, but the feeling there is that this is their swan song. At least it'll will open more revenue and employment opportunities at the remaining succuessful airlines.
 
Top