usflyer msp wrote:ILUVDC10S wrote:NWAROOSTER wrote::old:
Having worked 37 years at Northwest I was fully aware of some of the shenanigans that was going on there. Richard being CEO of Northwest, resigns and goes to United Health whereby Doug Steenland takes charge of Northwest Airlines so as Richard will not get his name dirtied and run into the mud. Northwest forces a strike, actually a lock out with the mechanics represented by the useless association AMFA. Gets rid of the excess mechanics that Richard publicly stated he should never had hired along with many other employees as the purpose of the "strike" was to downsize Northwest for an already planned merger with Delta. Both Northwest and Delta file for bankruptcy on the same day as I previously gave the reasons for above. Both airlines shed debt and unwanted leases and aircraft that were not going to be needed. Northwest in particular, needed to shed obligations and debt that were put on due the acquisition of Northwest Airlines by Alfred E. Chechi, Fred Maleck and Gary Wilson. Delta Air Lines had been a take over target by U S Airways and possibly others. Delta and Northwest has planned there merger well before any bankruptcies. When Delta Air Lines exits bankruptcy Richard suddenly joins Delta's Board of Directors and shortly after resigns from United Health to become CEO of Delta Air Lines. The merger is announced and Richard appears before the Senate stating that the NEW Delta has NO intention of exiting Memphis. The merger is approved and Delta lives on. Memphis is downsized to the point of almost extinction. Almost looks like it could be made into a movie in Hollywood.
Well Thank you for confirming I was right after all ! And that I DO know alot about the airline business after all ! I owe ya one! think Crow s being served for Dinner in ATL & on Airliners.net right about now LOLOLOL. thank you for making my day !!!
That is basically the "urban legend" version. In reality, fuel prices were soaring in 2005 and part of bankruptcy law changes (under the BAPCPA of 2005) was that after companies filed for bankruptcy the essentially had to pre-pay utility (i.e. fuel) bills and that would have sucked up the majority of DL/NW's remaining cash and required them to get much more financing for their bankruptcy reorganization. The new law went into effect on 10/15/05 but the federal courts starting winding down cases under the old law on 9/15 so both carriers filed C11 on the very last possible day - 9/14/05. It wasn't some sort of conspiracy; it was so both carriers could save cash and more easily finance their inevitable trip through bankruptcy court...
Don't understand how you can say urban legend. The new Delta kept almost none of it's promises about enhanced service and no hub closures Detroit alone lost 100 daily flights CVG and MEM were gutted and guess what the former NWA CEO showed up being the CEO of Delta go figure I would even go as far as saying that this was also done to bust the NWA unions as Delta was a more nonunion airline. A lot of corporate crookedness right there one reason why I don't trust Delta one bit employees and customers mean nothing in the grand scheme of things only shareholders and profit matter and if they could generate those without employee's I guarantee you they would it would be interesting to see what the full time work force total of the combined airlines was before the merger and what it is now and then tell me no one lost their jobs.