Politics, Weather, Photography, and the Dog
Friday 7 December 2012

Finally! Reuters reported about 90 minutes ago that US Airways has made an offere to buy bankrupt American Airlines, which would create an $8.5 bn airline:

Under the all-stock proposal US Airways made in mid-November at a meeting with AMR's unsecured creditors committee, the bankrupt airline's creditors would own 70 percent of the merged company and US Airways shareholders 30 percent, the person said.

US Airways and AMR are negotiating toward a potential merger agreement that could come as soon as January, the person added, asking not to be named because the matter is not public.

When the public-quiet period began back at the end of August, I thought it would take close to a year for the airlines to reach a deal. To me, an elite frequent flier on American, the merger is the best possible outcome, because it's the one in which I'm most likely to keep my banked miles and elite status. To American's pilots, mechanics, and flight attendants, it's the best possible outcome because they get to keep their jobs (mostly). And with American's unions supporting the deal, it will likely go smoothly.

January, huh? That would be fantastic.

Friday 7 December 2012 16:35:02 CST (UTC-06:00)  |  | Aviation#
Search
On this page....
US Airways makes offer to American
Countdowns
The Daily Parker +3244d 12h 36m
To London 14d 09h 42m
Parker's 9th birthday 257d 00h 37m
My next birthday 338d 04h 42m
Categories
Aviation (332) Baseball (110) Best Bars (6) Biking (44) Chicago (883) Cubs (197) Duke (132) Geography (326) Higher Ground (5) Jokes (282) Kitchen Sink (634) London (46) Parker (188) Daily (204) Photography (142) Politics (302) US (1075) World (251) Raleigh (21) Readings (8) Religion (64) San Francisco (86) Software (199) Blogs (73) Business (224) Cloud (89) Cool links (131) Security (98) Travel (192) Weather (682) Astronomy (80) Windows Azure (59) Work (51) Writing (8)
Links
Archive
<October 2014>
SunMonTueWedThuFriSat
2829301234
567891011
12131415161718
19202122232425
2627282930311
2345678
Full archive
Blogroll
About
David Braverman and Parker
David Braverman is a software developer in Chicago, and the creator of Weather Now. Parker is the most adorable dog on the planet, 80% of the time.
Legal
All content Copyright ©2014 David Braverman.
Creative Commons License
The Daily Parker by David Braverman is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License, excluding photographs, which may not be republished unless otherwise noted.
Admin Login
Sign In
Blog Stats
Total Posts: 4488
This Year: 386
This Month: 1
This Week: 6
Comments: 0