i have friends at both and hear two sides of this story. about east 'probably' going out and west coming in 'days' before closure. then i hear east guys say that wasn't true, they had just gotten monies from other sources to keep them afloat. i agree that furloughs 18 yrs deep ain't good but does anyone have a source that a 3rd party could look at to show that east was about to go out? has anyone heard, or have proof, that east was paid by west at one point right at the buyout. as in if west didn't foot the bill east wasn't going to get a paycheck.
these are genuine questions so please be gentle.
Again, I don't have a dog in this fight. And, again, just trying to correct the 'misinformation' but don't want to confuse anyone with the 'facts.'
This merger 'closed' in Sept. '05, announced in May '05; however, the planning for this merger began some 4-5mths before the announcement. Do you realize how much is involved in lining up $1.6B+ in outside investment capital??
All of the talk of 'days away from liquidation' for US Air, and possible future financial difficulties at AWA; were just to make the approval of the merger a 'slam dunk' Looking at AWA from the outside, as many financial people who follow the industry had stated; that AWA would not be in that great of positon right now (a very small fish in a big pond), how this merger not taken place. Even though the collective belief among the AWA people is that, "they wish this merger had never taken place," they are better off 'financially' now and will in the future. Whiskey D#&k (or is driver), likes to state how 'profitable' the new US Airways (LCC) was last year; but always fails to mention that 2/3ths of the revenue of the company was generated by the 'old US Air' (east) system, and in fact the revenue from there had a 25% higher 'yield' adding even better to the bottom line. Again, don't want to confuse anyone with the 'facts' but that is straight from LCC filings with the SEC.
And, again, the idea for this merger came from the then CFO of the old US Air, who took the idea to CEO Lakefield and then they approached Parker and the outside investors.
And, now I will not comment on this any longer, as most on here, especially the AWA guys just want to make $hit up and rant. Just trying to correct the 'misinformation'
Continue with your normally scheduled mindless 'rant.'
DA