RL757PVD From United States of America, joined Dec 1999, 4728 posts, RR: 11
Reply 3, posted (8 years 1 month 3 weeks 6 days 7 hours ago) and read 12582 times:
I honestly, think that was the plan all allong.... I think Usairways plan was to shake things up and hope to get the merger game started. It will be interesting to see if they continue to persue another merger... *cough* NW *cough*
Experience is what you get when what you thought would work out didn't!
Cactus742 From United States of America, joined Nov 2006, 240 posts, RR: 0
Reply 4, posted (8 years 1 month 3 weeks 6 days 6 hours ago) and read 12508 times:
Not surprising. DL is not the carcass of an airline that US was. US would have died had HP not bought it and its employees would have been out of jobs. DL is not at that point yet. Neither management nor the front line employees would be willing participants in a merger with US right now and that would probably contribute to a very rocky merger.
Do not take life too seriously. You will never get out of it alive.
N328KF From United States of America, joined May 2004, 6505 posts, RR: 3
Reply 6, posted (8 years 1 month 3 weeks 6 days 6 hours ago) and read 12507 times:
Quoting N766UA (Reply 1): Good for them. You shouldn't force an unwilling participant into a merger through legal means.
That is not a universal truism. If you did that, then you are basically allowing shareholders to surrender complete control to management.
In cases where management may not be acting in the best interest of the shareholders, a hostile takeover allows a suitor to go bypass intransigent management. In this case, the shareholders get the option to choose the option that may be best for them, rather than letting management do it.
When they call the roll in the Senate, the Senators do not know whether to answer 'Present' or 'Not guilty.' T.Roosevelt
Bucky707 From United States of America, joined Aug 2000, 1028 posts, RR: 3
Reply 8, posted (8 years 1 month 3 weeks 6 days 6 hours ago) and read 12243 times:
Quoting N328KF (Reply 6): In cases where management may not be acting in the best interest of the shareholders, a hostile takeover allows a suitor to go bypass intransigent management.
which really shows how messed up corporate governance is today. In theory, management works for the BOD and the BOD works for the shareholders. Anymore though, the BOD and management are often in bed together and do what they want, despite what is best for the shareholders.
In terms of the USAir/Delta deal, I think Parker knew it was a longshot from the start. He threw up a hail mary pass hoping someone would catch it. But it's not going to happen.
DAL767400ER From , joined Dec 1969, posts, RR:
Reply 11, posted (8 years 1 month 3 weeks 6 days 5 hours ago) and read 12113 times:
Quoting Luv2fly (Reply 5): I really think that US should get its house in order before going after another one.
Quoting TL8490 (Reply 10): In the end this could push DL and NW together....
Well, such a merger has been speculated for quite some time as is, given that in this case the networks would actually complement each other. Though I still hope DL goes at it alone for the foreseeable future.
Supa7E7 From , joined Dec 1969, posts, RR:
Reply 15, posted (8 years 1 month 3 weeks 6 days 5 hours ago) and read 11930 times:
The real story went on (or may be continuing) in the dark rooms of Wall St.
Delta's creditors hold the power. ALPA has come out against. The majority have been publicly silent.
If the really powerful creditors came out in favor of Mr. Parker, DL management would have no way to avoid this. It is too bad because the only really neutral parties -- the creditors -- have stayed quiet with their own analysis.
Doug says the merger would be good -- and he is biased. DL says it would be bad -- and they are incredibly biased too! Not only out of personal pride, but DL managers would lose their jobs. So the public airwaves have been filled with PR, not fair analysis.
Maybe the creditors have quietly phoned Delta and said they will stick with DL for now. In which case DL can confidently hold strong. Or, maybe US has another higher offer up their sleeve. After all, they predicted UA would bid against them, and that did not happen. So there's more money available to US to raise the bid, probably.
Ssides From United States of America, joined Feb 2001, 4059 posts, RR: 20
Reply 19, posted (8 years 1 month 3 weeks 6 days 5 hours ago) and read 11819 times:
Quoting N766UA (Reply 1): You shouldn't force an unwilling participant into a merger through legal means.
Just because Delta's management was against the deal doesn't mean the entity is "unwilling." Delta couldn't pay its bills, meaning its creditors were really running the show with respect to big decisions like this.
And would it be a meatgrinder like AA and TWA with the TWA guys getting royally screwed?
No, it wouldn't be another AA/TWA. Those two airlines were different unions, and NW and Delta are the same. I'm sure there would be some give/take in the merger of seniority lists, but it wouldn't be a 'staple job' like AA did to TWA.
One smooth landing is skill. Two in a row is luck. Three in a row and someone is lying.
That would be an expensive proposition since neither is in Ch.11 anymore. DL was/is an attractive candidate to Parker and Tilton because it is still in Ch.11. Once DL leaves Ch.11, Parker wouldn't be half as interested because much of his $1.65 billion in savings/synergies would be difficult to achieve.
4everRC From United States of America, joined Jul 2003, 325 posts, RR: 1
Reply 24, posted (8 years 1 month 3 weeks 6 days 4 hours ago) and read 11535 times:
Quoting Malaysia (Reply 14): I want US and NW cause I want to see a US Airways A330 in BKK
Don't hold your breath. I've supported Big Red for a long time, but I see a US/NW merger as a good thing. That said, and as in the US/DL deal, IMHO the NW name will be retained because of brand recognition.
Anyone with photoshop wanna speculate on a NW/US livery?
Nobody served our republic like Republic!
: Not so sure about that. Northwest doesn't have the brand recognition or the association with excellence as Delta does. US Airways is by far a more ge
: How do you figure that NW and DL have the same unions? There are other employee groups other than the pilots, you know.
: Well, they just barely ended the US Airways/America West deal so IMHO going into another M&A is too early. They should sort it out first see how it's