Creditors group backs new board at st...

Creditors group backs new board at stand-alone AMR

There are 11 comments on the KHOU-TV Houston story from Nov 29, 2012, titled Creditors group backs new board at stand-alone AMR. In it, KHOU-TV Houston reports that:

A group of creditors say that if American Airlines parent AMR Corp. emerges from bankruptcy as an independent company it should have a new board of directors.

Join the discussion below, or Read more at KHOU-TV Houston.

Since: May 08

Santee CA

#1 Nov 29, 2012
"Our support for a stand-alone Plan of Reorganization for AMR will be conditioned, among other things, on that Plan providing for the naming of a new Board of Directors," wrote a lawyer for the group, Gerard Uzzi.

The group expects that most members of the new board would have no previous connection to AMR. The new board's duties would include selecting executives to run the company after bankruptcy, Uzzi wrote in a letter to the union for American Airlines pilots.

Finally, after a year something intelligent gets said. The current BOD let the current management run the airline into BK... These creditors lost money and are most likely getting promised bits of the new AA... If I hope to gain on my new investment, I don't want the same "talent" running the show
DFWFred

Atlanta, GA

#2 Nov 30, 2012
Hopefully AA will come out as a stand alone. It is baffling any employee group would support a merger with USAir. They are the worst management team in the business. Just look at their own merger track record. It's not too impressive.
rebuttal for merger

Anaheim, CA

#3 Nov 30, 2012
First and foremost, the combined carrier will be branded American Airlines, based in Fort Worth Texas and headquartered at CentrePort. It will be comparable in size and scope to Delta and United, with a robust domestic network capable of supporting significant international expansion. American Airlines’ relationship with oneworld will be maintained and strengthened. All of American Airlines’ aircraft orders with Boeing and Airbus will proceed. The former US Airways route system will be realigned with the American Airlines system to add more cities, more markets and better frequencies. The new American Airlines, under a lean, energetic and highly capable management team, will be able to compete on an equal footing to win back high-value customers. On the East Coast, which is the largest and most lucrative airline market in the world, American Airlines will go from No. 5 to a strong No. 1. In the Midwest, we will go from No. 4 to No. 1. In Miami, our dominance to South America will be enhanced by stronger East Coast traffic flows. For the first time in years, American Airlines will be in a position of strength in Chicago.
rebuttal for merger

Anaheim, CA

#4 Nov 30, 2012
i guess the kellerman university guy didn't completely do some research.

Since: May 08

Santee CA

#5 Nov 30, 2012
@ DFWFred. Which management team is worse is up for debate. Anyone who thinks Doug Parker and crew are saviors are sadly mistaken. That said it is difficult to find an AA employee who has any faith or trust in the current group running the show there. @ rebuttal. When you listen to AA arguements against the other mergers they said #3 in size was a bad place to be in order to offer the business traveler the service and destinations they desire. USAirways is an ugly partner, but short of buying 3 or 4 low cost partners to suit your needs it is the path of least resistance. Having spent 26 years at AA and going thru 3 aquisitions the combined carrier will look nothing like a simple overlay of the route maps. Find AA routes that were AirCal, Reno Air or TWA. You may find a few but it will take a while. I only hope for both the merger and new management.

Since: Apr 08

Tulsa, OK

#6 Nov 30, 2012
Oh goody! US Air, American West, and now American.

Not one, not two, but three diverse labor groups with three distinct labor agreements, pay scales, and attitudes. What harmony!

By the way, who's on first? US Air, American West, or American?
steve

Rocky Mount, VA

#7 Nov 30, 2012
New management,OK, but not a merger. Airways still has labor problems that have been simmering for years.Airways does not offer much value to AA, they gave away the LGA market to delta, has the smallest widebody fleet and PHX And PHL are not needed as LAX and JFK have larger markets and more connections.
I still cannot understand why some believe and hang on every word from Doug Parker.
Outside of a few visionary ceo's,they are all cut out of the same cloth. The pay scales at airways are among the lowest among the majors which reveals why they have turned a profit recently.
AA is large enough to compete and with the new aircraft on order and new routes just announced,they are in the big leagues.
It will take years if ever to sort out the labor groups in this proposed merger.
Well now we wait and see what transpires.
phx intl

Phoenix, AZ

#8 Nov 30, 2012
is about to become a major international hub, for a variety of reasons. Lax can't expand much more internationally for a variety of reasons. amazing how so many people are down on a us merger, with this fact. Jblu is the answer? the mere mention of a merger sends a buzz of negativity everywhere, while a merger with jblu sends harmony and agreement. jeez just merge frontier jblu and us now.
phx intl

Phoenix, AZ

#9 Nov 30, 2012
Furthermore, operationally know one mentions how well us is doing, wonder why?

Since: May 08

Santee CA

#10 Nov 30, 2012
phx intl wrote:
is about to become a major international hub, for a variety of reasons. Lax can't expand much more internationally for a variety of reasons. amazing how so many people are down on a us merger, with this fact. Jblu is the answer? the mere mention of a merger sends a buzz of negativity everywhere, while a merger with jblu sends harmony and agreement. jeez just merge frontier jblu and us now.
PHX will suffer too many summer cancellations due to heat. US Airways managers would leave AZ due to TX tax perks (no personal income state tax). jetBlue would give AA back transcon routes and the Caribbean. USAir was not the answer before and that hasn't changed.
phx intl

Phoenix, AZ

#11 Nov 30, 2012
heat cancelling flts, not even close to being true anymore. could limit some cargo weight a few times a year, but that's it. Disagree with your opinion, on the us merger, but jblu isn't so bad for aa either, and current management definitely wants it...does a merger negate your job back or help it? If jblu gets your back i'll support it for ya. That said, phx is still about to become a major international airport stopping point, and us/wn is positioned for it majorly for it.

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