US Airways Dividend Miles (Pre-FlightFund Merger) - How the merger "might" work




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FrontRow
Jan 12, 01, 8:46 pm
I found the following interesting information on the USAirways Pilots Web Site (http://usairwayspilots.org/), MEC Code-a-Phone Update, January 11, 2001:

"The timeline for this entire process will most likely be rather lengthy. First and foremost, the Company and United have agreed to extend the Department of Justice’s regulatory review until April 2. The closing of the United/US Airways transaction would occur 60 to 90 days following the DOJ’s approval. After that time, US Airways would then be operated as a subsidiary of United for a period of time—possibly one to two years. It is during that period that the aircraft would be divested to American, and even that divestiture would take place over time. Thus, the transfer of what has been reported to be 86 aircraft from UAL to American may not be completed for many months, or longer, after the consummation of the US Airways-UAL deal."

This was from MEC Chairman Chris Beebe. The MEC is US Airways Master Executive Council of the Air Line Pilots Association. This is from one of the regular letters/voice-mails that are posted for ALPA members and refers to the fact that AA might actually offer the option for up to 1,100 US pilots to transfer to AA with their aircraft.

The interesting point is that US might still operate as a US subsidiary for up to 2 years after the DOJ approval. Maybe we DM golds will still get a chance for upgrades!




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