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Old 23 June 2017, 11:44 PM   #1
BravoOne
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Quote:
Originally Posted by Runnin' Rebel View Post
And speaking of air planes Quatar airways is trying to buy a large block of AA and the board is a bit nervous. I think 5%, , but according to US law I think 25% is the maximum for foreign companies

EDITED
Actually in this case I'm pretty sure its more like 4.75%.
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Old 23 June 2017, 06:39 PM   #2
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10% is what they want to buy.
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Old 23 June 2017, 06:48 PM   #3
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Here's a statement sent to me today

I couldn't post the letter cause size limits on the new and improved upload fix from computer option attachments


As you likely know by now, American recently received notice as part of the Hart-Scott-Rodino Act (a federal process governing large purchases of stock of publicly traded companies) that Qatar Airways has indicated its desire to make an investment in American Airlines.
American Airlines is a publicly traded company, which means our stock is available for anyone to purchase on the Nasdaq Stock Market. We don’t own those shares – they belong to the shareholders who own this company – and we cannot control who sells or purchases them. But this is an important development for American and one I wanted you to hear about from me directly.
While anyone can purchase our shares in the open market, we aren’t particularly excited about Qatar’s outreach, and we find it puzzling given our extremely public stance on the illegal subsidies that Qatar, Emirates and Etihad have all received over the years from their governments. We remain committed to that effort, and we will remain so even with this potential investment.


While today’s news for some of our team may be puzzling, at best, and concerning, at worst, here’s what we know for sure: We will not be discouraged or dissuaded from our full court press in Washington, D.C., to stand up to companies that are illegally subsidized by their governments. We stand for American Airlines, and we stand for all of you and the amazing work you do every day, around the globe, to take care of our customers.
If anything, this development strengthens our resolve to ensure the U.S. government enforces its trade agreements regarding fair competition with Gulf carriers, because we must make it crystal clear that no minority investment in American will ever dissuade us from doing what is right for our team members, our customers and all of our shareholders. And do not worry, per U.S. law, no foreign entity can own more than 25% of a U.S. airline, so there is no possibility that Qatar will be able to purchase enough of American to control or influence our Board, management or our strategy.
Of course, it may just be that Qatar Airways views American Airlines as a solid financial investment, because of the great work you all are doing every day. In that case, we would agree with them. Your results are earning the confidence of our customers and our shareholders every day, and it’s a privilege to work with and for all of you. Thank you for making American all it is and will be in the future.
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Old 23 June 2017, 06:59 PM   #4
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Funny that he doesn't mention US government bankruptcy protections in his rant about subsidies. In Qatar and the GCC, you can't declare bankruptcy. You go to prison if you don't service your creditors.

That's the basis of the dispute between the ME3 and the US carriers. The ME3 do get subsidized, but the US carriers were all protected from their bad business decisions in bankruptcy, which is viewed in the ME as a government bail out.

I can't imagine why Qatar would want to be contaminated by the poor customer service approach that AA uses. It will be interesting to see what shakes out from this.

Quote:
Originally Posted by Runnin' Rebel View Post
Here's a statement sent to me today

I couldn't post the letter cause size limits on the new and improved upload fix from computer option attachments


As you likely know by now, American recently received notice as part of the Hart-Scott-Rodino Act (a federal process governing large purchases of stock of publicly traded companies) that Qatar Airways has indicated its desire to make an investment in American Airlines.
American Airlines is a publicly traded company, which means our stock is available for anyone to purchase on the Nasdaq Stock Market. We don’t own those shares – they belong to the shareholders who own this company – and we cannot control who sells or purchases them. But this is an important development for American and one I wanted you to hear about from me directly.
While anyone can purchase our shares in the open market, we aren’t particularly excited about Qatar’s outreach, and we find it puzzling given our extremely public stance on the illegal subsidies that Qatar, Emirates and Etihad have all received over the years from their governments. We remain committed to that effort, and we will remain so even with this potential investment.


While today’s news for some of our team may be puzzling, at best, and concerning, at worst, here’s what we know for sure: We will not be discouraged or dissuaded from our full court press in Washington, D.C., to stand up to companies that are illegally subsidized by their governments. We stand for American Airlines, and we stand for all of you and the amazing work you do every day, around the globe, to take care of our customers.
If anything, this development strengthens our resolve to ensure the U.S. government enforces its trade agreements regarding fair competition with Gulf carriers, because we must make it crystal clear that no minority investment in American will ever dissuade us from doing what is right for our team members, our customers and all of our shareholders. And do not worry, per U.S. law, no foreign entity can own more than 25% of a U.S. airline, so there is no possibility that Qatar will be able to purchase enough of American to control or influence our Board, management or our strategy.
Of course, it may just be that Qatar Airways views American Airlines as a solid financial investment, because of the great work you all are doing every day. In that case, we would agree with them. Your results are earning the confidence of our customers and our shareholders every day, and it’s a privilege to work with and for all of you. Thank you for making American all it is and will be in the future.
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Old 23 June 2017, 07:10 PM   #5
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And in other news released by AA recently:

Last month we shared plans that our Boeing 737 MAX would arrive with three rows at 29-inch pitch. Since then, we have received a lot of feedback from both customers and team members, and after taking a fresh look at the interior of that plane, American has decided to space all Main Cabin rows with at least 30 inches of pitch.
It is clear that today, airline customers feel increasingly frustrated by their experiences and less valued when they fly. We can be leaders in helping to turn around that perception, and that includes reviewing decisions that have significant impact on the flying experience.

“Designing aircraft interiors is an art and a science. It requires us to take into account customer experience, revenue, and other considerations,” said ***** “We’ve reassessed what’s appropriate for the markets served by our new 737 MAX and have found a way to deliver a minimum of 30 inches of pitch for all Main Cabin rows. This is the right call for customers and the right call for our team members who take care of them.”
The MAX will still be configured with 172 seats. We found the space to eliminate the 29-inch rows by switching one Main Cabin Extra row to Main Cabin. As a reminder, our coach seats are the Meridian seat made by Rockwell Collins Interior Systems that is thinner, lighter and configured more comfortable than many of our older generation seats. These seats are designed to make efficient use of the space available and feel more spacious so a 30 inch pitch will feel more like today’s 31 inches.

We receive a total of **** MAXes beginning this fall.
As we’ve said before, we’re looking at the same configuration for our current 737-800 as well.
We’re confident that with this change, the MAX will be a great aircraft for both customers and team members, with large overhead bins, power at every seat and free streaming from a large library of movies and television shows. The MAX will also come with fast satellite-based Wi-Fi, allowing customers who choose to pay for it to have access to services such as Netflix and HBO.

*Redacted info
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Old 23 June 2017, 07:16 PM   #6
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Hi Eddie !!

How are you

You know how conversations just take another turn at at times !

Hope all is well down under, keep that Fosters cold . Yuk..

If my plane doesn't grounded tomorrow because of the heat I'll heading your way. With a pallet of wine
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Old 23 June 2017, 07:20 PM   #7
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Quite few years ago, when the kids were young, we drove to Mildura for a holiday at a friend's time share.
The outside temp gauge showed 43c most of the way there and the humidity was about 80%.

I had a few Fosters that week.

Couldn't wait to get home.

I have a room for here.
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Old 23 June 2017, 07:26 PM   #8
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If you don't like the heat, you can always move to my city...
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Old 23 June 2017, 07:31 PM   #9
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That's F degrees and I am out of here....

Spent the first 18 years of my life in Aberdeem.

Happy here.
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Old 23 June 2017, 07:40 PM   #10
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It's C but about 10 cooler than normal.
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Old 23 June 2017, 07:41 PM   #11
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Ah, C, that is not soooooo bad.
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Old 23 June 2017, 07:59 PM   #12
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I think the hottest I've experienced here was 35 degrees, but the real problem is the humidity

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Old 23 June 2017, 07:57 PM   #13
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Yes it is this time of year.
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Old 23 June 2017, 11:49 PM   #14
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80* and up and I'm dying.
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Old 23 June 2017, 11:54 PM   #15
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Old 24 June 2017, 12:34 AM   #16
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Old 24 June 2017, 02:38 AM   #17
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How hot is HOT? This week in Phoenix. Constant 115+

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