FlyerTalk Forums - View Single Post - AA - US Merger Agreement / Announcement / DOJ Action Discussion (consolidated)
Old Feb 13, 2013, 5:14 pm
  #68  
diver858
 
Join Date: Oct 2010
Location: San Diego, Ca
Programs: AA 2MM LT PLT; AS MVP Gold75k; HHonors Diamond; IHG PLT
Posts: 3,502
So what happens to the LCC long term debt? Does it become a liability of the merged entity, paid off with stock of the new entity, ... ? Considering the makeup of the new board (American's creditors will appoint five directors, American will appoint three and US Airways four), a majority are looking to cash out now, are less concerned with such details moving forward - not a good sign.
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