Confirmed: US-AA Merger-72% AA 28% US- managed by US-Stays as AA & in oneworld

[Simo]

Re: CONFIRMED: AA and US airways merging

I noticed that did not remove any benefits from there FF's. LOL

 

[yohy?!]

Re: CONFIRMED: AA and US airways merging

Gentlemen (and ladies), start your redemptions!!

 

[JohnPhelan]

Re: CONFIRMED: AA and US airways merging

They've set up a website dealing specifically with the merged airline. The New American is Arriving | New American Arriving

 

[RooFlyer]

Re: Confirmed US-AA Merger-72% AA 28% US be run by US Mgt-Stays AA & oneworld

I thought that was a QF thing, or is it standard across OW as well?...

Trans-alliance! Air Canada notorious for its continuing 'enhancement' program .. eg Air Canada enhancements

 

[serfty]

Interesting comment on FT:

Quote:

[TD="class: alt2"] Originally Posted by FWAAA Quote:

[TD="class: alt2"] Originally Posted by Upgraded! Everything I know about bankruptcy is theoretical (seen in a classroom, not a courtroom/boardroom), so forgive me if this seems naive, but is it not possible that, when AA thought it would emerge as an independent entity, it wanted to maintain as good a relationship as possible with potential future buyers of its bonds? I would think that the new airline looks more trustworthy to potential lenders if they paid back the previous lenders in full (and simply skewered the unions and some aircraft lessors).

And I agree with the other point; not sure why they wouldn't reject the pensions unless those creditors would be more senior to other unsecured creditors (in which case they'd get money that AA wanted reserved for bondholders).
[/TD]

Those sound like reasonable possibilities. One oft-repeated rumour to explain the capitulation on the pensions was that the unsecured creditors saw the PBGC's claims as so large that the PBGC would dwarf them, reducing their recovery to some small fraction of their claims.

I don't think the PBGC claims would have been entitled to any priority ahead of other unsecured claims - just that their potential claim was so large compared to the others.

And now for the more sinister, conspiracy-theory laden possibility (put on your tinfoil hat now): Perhaps the unsecured creditors wanted to get billions of dollars of new stock, hope for a post-emergence bounce and then cash-out quickly, leaving the pension issue unresolved. After all, those can always be washed away in Bankruptcy Part Deux. That's how USAir solved its pension problems - they were terminated in the second bankruptcy which wiped out the new equity that had just been issued the year before when US emerged the first time. [\sinister, conspiracy-theory possibility]
[/TD]

If it comes to pass, we have not seen the last "AA" Ch. 11 ....

 

[samh004]

Saw this on the TV in OOL QP. Looks good so far.

 

[serfty]

Charts from WSJ on fleet, hubs, passenger traffic, etc.

Meet America's Largest, Brand New Airline | Zero Hedge

Airlines at a snapshot:

Broken down by passengers and fleets:

The combined pro forma hub structure:

 

[straitman]

Re: CONFIRMED: AA and US airways merging

AMR, US Airways Merge To Create 'New American Airlines'


By Darren Shannon [email protected],
Christine Grimaldi [email protected]
Source: AWIN First

February 14, 2013

AMR Corp. and US Airways, as expected, today unveiled a merger plan they expect to be completed in the third quarter of 2013.

The new airline retains American Airlines’ brand and Forth Worth headquarters. It will maintain AMR’s five hubs as well as US Airways’ three hubs and focus city operation at Ronald Reagan Washington National Airport.

If U.S. government regulators approve the deal, the new American Airlines will be the world’s largest airline by capacity. AMR in 2012 operated 166.2 billion available seat miles (ASMs) and US Airways 88.4 billion ASMs, more capacity than rivals United and Delta Air Lines, both of which have been the world’s largest operator as a result of their own mergers.

 

[straitman]

Re: American Airlines and US AIrways merger approved

I would expect it to be at LEAST 12 months before there are any changes to the respective airlines FF programs.

Read the timeline in the linked post above.

"They expect to be completed in the third quarter of 2013"

 

[pshepvic]

I'm just disappointed they didn't go with the name "US American Airways such as" in a tribute to Miss South Carolina

http://www.youtube.com/watch?v=qQdhMSEqhfg

 

[drron]

Re: American Airlines and US AIrways merger approved

Read the timeline in the linked post above.

"They expect to be completed in the third quarter of 2013"

Except that date is when the merger becomes official ie passing all US regulators scrutiny.There are reports that it could be 2015 before everything is consolidated into the one airline.So merging of the FF programs may be 12 months away.

 

[drron]

Re: American Airlines and US AIrways merger approved

Here is the quote I was looking for-
Horton: It

So what comes next? Our operations will not change immediately. We expect it will take six months or so to secure all of the necessary regulatory, stockholder and bankruptcy court approvals required for the merger to close, and during that time we will continue to operate as separate airlines.

 

[beardoc]

Re: American Airlines and US AIrways merger approved

I'm assuming that when the merger is complete, I'll get to merge my US Airways and AAdvantage accounts, right? I'd like that. It would give me about 600K AA points, perfect for a number of redemptions through OW.

 

[elbarto]

Re: American Airlines and US AIrways merger approved

I'm assuming that when the merger is complete, I'll get to merge my US Airways and AAdvantage accounts, right? I'd like that. It would give me about 600K AA points, perfect for a number of redemptions through OW.

That's assuming they both place the same value on their miles.

 

[JessicaTam]

Re: American Airlines and US AIrways merger approved

A liitle bit old, but still relevant, I think.

Huffington Post

NEW YORK — American Airlines won bankruptcy court approval Wednesday to combine with US Airways and form the world's biggest airline.
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​

 

[serfty]

Re: American Airlines and US AIrways merger approved

Here is is one of the more substantive merger articlesaround:

Merger Planning Underway As AA, US Airways Embark On Long Journey - Business Travel News

In other words: nothing is likely to happen 'fast'.

 

[burmans]

Re: American Airlines and US AIrways merger approved

Here is is one of the more substantive merger articlesaround:

Merger Planning Underway As AA, US Airways Embark On Long Journey - Business Travel News

In other words: nothing is likely to happen 'fast'.

That kind of confirms what I have always thought, who ever sees mergers happenning quickly, some take years to complete. I think we'll be taking *A flights using US points for a while yet!

 

[Danger]

Re: American Airlines and US AIrways merger approved

American Chooses Citi As Post-Merger Credit Card Issuer; Judge Sends Merger Plan to Vote | The Points Guy

The interesting part for me is that the merger goes to a vote by AMR's creditors and then back to the judge for final approval "this summer".

The US Airways route map is phenemonal. I'm very much looking forward to their routes being incorporated into the AA fray for my next oneworld Explorer.