Feb 14, 2013, 9:50 am
Last edit by: JDiver
MODERATOR GUIDEPOST
The AA - US merger was approved by AMR creditors and the boards of directors of both airlines on 13 Feb 2013, and announced the 14th.
There is no further speculation about whether the merger will occur; all that is pending is approval from the bankruptcy court and the regulatory authorities.
American Airlines and US Airways approve merger: just the facts, please outlines the facts we know;
AA - US Merger Agreement / Announcement Discussion (consolidated) is the thread for discussion of the announced merger.
The AA - US merger was approved by AMR creditors and the boards of directors of both airlines on 13 Feb 2013, and announced the 14th.
There is no further speculation about whether the merger will occur; all that is pending is approval from the bankruptcy court and the regulatory authorities.
American Airlines and US Airways approve merger: just the facts, please outlines the facts we know;
AA - US Merger Agreement / Announcement Discussion (consolidated) is the thread for discussion of the announced merger.
ARCHIVE: US LCC & AMR / AA Takeover / merger Rumors and Discussion (consolidated)
Jan 30, 2013, 6:00 am
#3076
FlyerTalk Evangelist
Join Date: Sep 2000
Location: Chicago, IL
Posts: 20,404
You can probably wait until an announcement is made; it's not like the CC companies are going to cancel applications overnight.
I used to be a PMUA flyer; I applied for a CO MC a good few months after that merger was announced and received all of the applicable bonuses.
Now, my account = 0...or thereabouts...but that's another discussion.
I used to be a PMUA flyer; I applied for a CO MC a good few months after that merger was announced and received all of the applicable bonuses.
Now, my account = 0...or thereabouts...but that's another discussion.
Jan 30, 2013, 6:11 am
#3077
Suspended
Join Date: Dec 2005
Posts: 9,916
- taking one airline on the brink of liquidation and one heading fast to 11 and turning them into one of 4 surviving legacy carriers that just banked a $500 million profit for 2012.
Jan 30, 2013, 9:47 am
#3078
Join Date: Mar 2012
Location: Chicago, IL
Programs: AAdvantage, MileagePlus(ick)
Posts: 296
http://www.cnbc.com/id/100407978
I could not find a reference to this; few days old, some good insights, questionable commentary.
"The operational challenges we faced last summer influenced corporate customers," Rainey said. "Some of our corporate customers took a detour while the road was under construction."
Really? Or did AA lure them away, as they are now doing with DL's DMs.
I could not find a reference to this; few days old, some good insights, questionable commentary.
"The operational challenges we faced last summer influenced corporate customers," Rainey said. "Some of our corporate customers took a detour while the road was under construction."
Really? Or did AA lure them away, as they are now doing with DL's DMs.
That was quite amusing.
Rainey talking about people taking a detour while the road was under construction?
Is it really a "detour" if nobody returns to the original route?
Jan 30, 2013, 10:07 am
#3079
Join Date: Apr 2000
Programs: AA; United; Delta
Posts: 167
You can probably wait until an announcement is made; it's not like the CC companies are going to cancel applications overnight.
I used to be a PMUA flyer; I applied for a CO MC a good few months after that merger was announced and received all of the applicable bonuses.
Now, my account = 0...or thereabouts...but that's another discussion.
I used to be a PMUA flyer; I applied for a CO MC a good few months after that merger was announced and received all of the applicable bonuses.
Now, my account = 0...or thereabouts...but that's another discussion.
Jan 30, 2013, 10:17 am
#3080
Join Date: Apr 2011
Location: New York
Programs: AA EXP 1.0mm, not sure where I am with hotels these days
Posts: 2,795
I may be wrong, but BK Trustees and creditor committees don't work off "consensus" and "rumors" in approving this kind of expenditure of treasure and time. If the merger was that close, why not wait for a much bigger announcement and incorporate both?
Jan 30, 2013, 10:31 am
#3081
Join Date: Oct 2010
Location: San Diego, Ca
Programs: AA 2MM LT PLT; AS MVP Gold75k; HHonors Diamond; IHG PLT
Posts: 3,503
Yet another AMR BOD meeting has passed, without an official comment of ANY kind.
Jan 30, 2013, 10:52 am
#3082
Suspended
Join Date: Sep 2006
Programs: AAdvantage PP
Posts: 13,913
Assuming the recent newsreports are correct, it seems as though a few more details need to be agreed upon and then the merger/acquisition is a done deal. Likely the Board has given a conditional yes pending favorable resolution of any outstanding issues. From there it would be a simple conference call to take the official vote.
Jan 30, 2013, 10:56 am
#3083
Join Date: Jul 2009
Location: Ft Lauderdale
Programs: AA EXP, DL Silver, Hilton Dia, Marriott Gold, Hertz Pres Cir, National Exec Elite
Posts: 116
Assuming the recent newsreports are correct, it seems as though a few more details need to be agreed upon and then the merger/acquisition is a done deal. Likely the Board has given a conditional yes pending favorable resolution of any outstanding issues. From there it would be a simple conference call to take the official vote.
Jan 30, 2013, 10:57 am
#3084
FlyerTalk Evangelist
Join Date: May 2001
Location: LAX; AA EXP, MM; HH Gold
Posts: 31,789
Assuming the recent newsreports are correct, it seems as though a few more details need to be agreed upon and then the merger/acquisition is a done deal. Likely the Board has given a conditional yes pending favorable resolution of any outstanding issues. From there it would be a simple conference call to take the official vote.
Reuters reports that four sources familiar with the details say the merger is in its final stages, with only the final price and management structure the remaining pieces to be resolved.
Price and who's in charge - those are big details.
Jan 30, 2013, 11:33 am
#3085
Join Date: Dec 2006
Location: ORD
Programs: AA EXP,2MM, DL Gold,Starwood PLT
Posts: 3,876
These reports are coming from pretty reputable new sources so they are likely true. The same was true pre bankruptcy that is was imminent which many didn't want to believe.
Jan 30, 2013, 11:35 am
#3086
Join Date: Oct 2010
Location: San Diego, Ca
Programs: AA 2MM LT PLT; AS MVP Gold75k; HHonors Diamond; IHG PLT
Posts: 3,503
http://www.usatoday.com/story/travel...merger/1876795
...The airlines and AMR creditors are in advanced talks over a merger, but a deal is not a sure thing...
...the bondholder group indicated that it would not remain bound by a confidentiality agreement past Feb. 15 and wanted a swift decision on a merger, increasing the sense of urgency around the negotiations...
Not sure I would characterize this as "pieces falling in to place".
...The airlines and AMR creditors are in advanced talks over a merger, but a deal is not a sure thing...
...the bondholder group indicated that it would not remain bound by a confidentiality agreement past Feb. 15 and wanted a swift decision on a merger, increasing the sense of urgency around the negotiations...
Not sure I would characterize this as "pieces falling in to place".
Jan 30, 2013, 11:56 am
#3087
Suspended
Join Date: Sep 2006
Programs: AAdvantage PP
Posts: 13,913
Parker probably realizes that if he wants the deal to go more his way (in other words now and not later when AA is the acquirer) he needs to keep Horton on in some fashion acceptable to Horton. Now how that could impact the FF experience is unknown. Remember, Horton has been CEO only under Chapter 11 and therefore has been limited in operational changes. He might be right on the same page as USAir, time will tell.
The biggest sticking is likely the split in ownership between USAir shareholders and AA unsecured creditors. If the deal falls apart this could be the likely culprit.
The biggest sticking is likely the split in ownership between USAir shareholders and AA unsecured creditors. If the deal falls apart this could be the likely culprit.
Jan 30, 2013, 12:45 pm
#3088
Join Date: Apr 2008
Location: Rotterdam, The Netherlands
Posts: 655
How about the US Airways shareholders?
Jan 30, 2013, 12:49 pm
#3089
Join Date: Jun 2009
Programs: AA EXP CONKEY, HYATT GLOB, SPG PLAT
Posts: 102
I still don't believe this will happen in bankruptcy. There are huge bonuses tied to the current AA executive team to leave bankruptcy as still a solo AA.
After bankruptcy? AA will have total control over USa.
After bankruptcy? AA will have total control over USa.
Jan 30, 2013, 1:14 pm
#3090
Join Date: Dec 2006
Location: ORD
Programs: AA EXP,2MM, DL Gold,Starwood PLT
Posts: 3,876