US Airways to meet with Delta creditors

[lowecur]

I don't think many do. Most are probably just indifferent like I am. I really don't see any benefit to me (and after all, that's what it's all about).

It's all speculation at this point, but DP will lay out his proforma statements and I'm sure they will show huge profits if this merger goes through. The status quo isn't bad for either airline except for the fact that eventually contracts will expire and each airline will be forced to pay through the nose to avoid costly job actions. You have to ask yourself if you'd rather try and negotiate a new contract when a single carrier makes $500M, or would you rather negotiate if consolidated carriers made upwards of $2B?

I think it's a no-brainer.

imp:​

 

[k9nole]

Who says it will be one airline buying Delta?
It's called negotiations.
USAirways throw out a $$$ number if they get all of Delta then so be it. Then sell off assets.
If Delta's creditors rejects the deal, Parker sweetens the pot buy either money from within or from another airline's credit that will join the mix.
If Delta's creditors name a ballpark price, Parker and his bankers call United, Continental, American,Southwest or whomever and part out Delta and make the deal work.

Or USAirways put in an ante for Delta, Continental, American or whomever puts in a bigger ante for Delta then USAirway and United go for merger part III????

The wild card in all of this is American.
We will see how this all works out by this time next year.

 

[TWA Dude]

I think it's a no-brainer.

Ah, but then you haven't lived through two airline mergers as an employee. Q.O.L. is about more than just money.

 

[lowecur]

the lawyer for the creditors speaks out

US Airways Group Inc. will pitch its $8.6 billion unsolicited offer for Delta Air Lines Inc. in a meeting this week with Delta and the committee representing the unsecured creditors in Delta's bankruptcy case, a lawyer for the committee said Tuesday.

The lawyer, Daniel Golden, said in a telephone interview that the committee's advisers will be present at the meeting in New York, along with US Airways officials and Delta senior executives.

"We have great respect for Delta's management," Golden said. "We think they've done a very good job in Chapter 11. But at the end of the day we're going to make a determination about what works best for the estate and the unsecured creditors."


Golden said the creditors will weigh the pros and cons of the offer against any other offers that may come in and the merits of Delta's standalone plan. "We have a job to do, which is to maximize recoveries for unsecured creditors," Golden said. He declined to say if any other airline has made an offer to buy Delta.

Hey GL, somebody better straighten this guy out. It sounds to me like he's not giving DALPA any respect as a creditor.

imp:​