DOCSLIB.ORG

F-SENIORITY INTEGRATION-May 12, 2013-V7

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

In The Matter Of: PREMERGER PILOTS OF CONTINENTAL v. PREMERGER PILOTS OF UNITED SENIORITY INTEGRATION Vol. 7 May 12, 2013 Original File 0512131aalpa01.txt Min-U-Script® 1544 BEFORE THE ARBITRATION BOARD ARBITRATORS DANA E. EISCHEN, ROGER P. KAPLAN, AND DENNIS R. NOLAN - - - - - - - - - - - - - - - - - x In the matter of the seniority : integration between : THE PRE-MERGER PILOTS OF : CONTINENTAL AIRLINES : AND : THE PRE-MERGER PILOTS OF : UNITED AIRLINES : - - - - - - - - - - - - - - - - - : In re: SENIORITY LIST INTEGRATION: - - - - - - - - - - - - - - - - - x VOLUME 7 MAY 12, 2013 The hearing in the above-entitled matter recommenced on the 12th day of May, 2013, at 9:04 a.m., at The Mandarin Oriental Hotel, Gallery Room, 1330 Maryland Avenue, SW, Washington DC 20024. BEFORE: ARBITRATOR DANA E. EISCHEN, CHAIRMAN ARBITRATOR ROGER P. KAPLAN ARBITRATOR DENNIS R. NOLAN Inabnet Court Reporting (703) 331-0212 1545 1 2 ON BEHALF OF THE PRE-MERGER PILOTS OF 3 CONTINENTAL AIRLINES, 4 DANIEL M. KATZ, ESQ. 5 Katz & Ranzman, P.C. 6 4530 Wisconsin Avenue, NW, Suite 250 7 Washington, DC 20018 8 (202) 659-1799 9 [email protected] 10 ON BEHALF OF THE PRE-MERGER PILOTS OF 11 UNITED AIRLINES: 12 JEFFREY R. FREUND, ESQ. 13 ROGER POLLAK, ESQ. 14 OSVALDO VAZQUEZ, ESQ. 15 Bredhoff & Kaiser, PLLC 16 805 Fifteenth Street, NW 17 Washington, DC 20005 18 (202) 842-2600 19 [email protected] 20 21 22 Inabnet Court Reporting (703) 331-0212 1546 1 2 ALSO PRESENT: 3 GREG SHOEMAKER, ESQ. - CAL 4 GRANT MULKEY, ESQ. - CAL 5 CAPTAIN JIM BRUCIA - CAL 6 CAPTAIN TONY MONTALTO - CAL 7 CAPTAIN SCOTT BUTCHER - CAL 8 FIRST OFFICER NEAL SCHWARTZ - CAL 9 CAPTAIN WILLIAM BALES - UAL 10 CAPTAIN STEPHEN GILLEN - UAL 11 FIRST OFFICER DAN MADRUGA - UAL 12 FIRST OFFICER JEFFREY RUARK - UAL 13 COURT REPORTER: JOSEPH INABNET 14 INABNET COURT REPORTING (ICR) 15 9250 Mosby Street, Suite 201 16 Manassas, Virginia 20110 17 (703) 331-0212 18 [email protected] 19 20 21 22 Inabnet Court Reporting (703) 331-0212 1547 1 2 WITNESSES 3 DANIEL AKINS: 4 Direct examination by Mr. Pollak 1549 5 Cross-examination by Mr. Katz 1682 6 DAVID SMITH: 7 Direct examination by Mr. Freund 1691 8 Cross-examination by Mr. Katz 1738 9 KIRK KOENIG: 10 Direct examination by Mr. Vazquez 1760 11 Cross-examination by Mr. Katz 1792 12 DANIEL MADRUGA: 13 Direct examination by Mr. Freund 1826 14 E X H I B I T S 15 EXHIBIT MARKED AND ADMITTED 16 UAL Akins, Pages 1 through 89 1548 17 UAL Smith, Tabs 1 through 13 1696 18 UAL Koenig, Tabs 1 through 4 1762 19 CAL X-9 1797 20 CAL X-10 1817 21 22 Inabnet Court Reporting (703) 331-0212 1548 1 P R O C E E D I N G S 2 ARBITRATOR EISCHEN: At the outset, let's 3 say thanks and sorry to all the moms that are here 4 today. 5 Happy Mother's Day. 6 MS. RANZMAN: Thank you. 7 ARBITRATOR EISCHEN: Back off the record. 8 (A discussion was held off the record, and United 9 Akins Exhibit, Pages 1 through 89, were marked for 10 identification and received into evidence.) 11 MR. POLLAK: Good morning. 12 The United pilots are going to call Daniel 13 W. Akins to the stand. 14 Good morning, Dan. 15 THE WITNESS: Good morning. 16 MR. POLLAK: Dan's resume can be found at 17 the outset of his exhibit book. 18 Dan is familiar with Dan. 19 MR. KATZ: Can I? 20 MR. POLLAK: Sure. 21 MR. KATZ: While he's straightening that 22 out, I think that since we have so many Dans in the Inabnet Court Reporting (703) 331-0212 1549 1 room, including Dan Madruga, that we are just 2 Mr. Akins and Mr. Katz, here. 3 ARBITRATOR EISCHEN: All right. 4 MR. KATZ: The record will be clearer if 5 we do it that way. 6 ARBITRATOR EISCHEN: Yeah. 7 That's a good point. 8 Thereupon, 9 DANIEL W. AKINS 10 Called for examination by counsel for the 11 United Pilots, having been duly sworn, was examined 12 and testified as follows: 13 DIRECT EXAMINATION 14 BY MR. POLLAK: 15 Q So, Dan, I'm going to call you Mr. Akins. 16 Tough to do after all these years. 17 A See how long that lasts. 18 Q Yes. 19 MR. POLLAK: Mr. Akins' resume is at the 20 outset of this exhibit book. He has testified in a 21 number of these seniority integration proceedings. 22 He has actually done work for counsel on both sides. Inabnet Court Reporting (703) 331-0212 1550 1 He is an expert of airline economics, 2 pilot negotiations, pilot compensation. 3 We're going to proffer him to discuss some 4 of those subjects today as an expert. And I 5 understand from -- that Mr. Katz will stipulate to 6 Dan's role as an expert on these subjects in this 7 proceeding. 8 MR. KATZ: What subjects was that? 9 MR. POLLAK: Airline economics, pilot 10 negotiations, and pilot compensation. 11 MR. KATZ: No objection. 12 ARBITRATOR EISCHEN: Thank you. 13 Good morning, Mr. Akins. 14 MR. POLLAK: Does the Panel have any 15 questions about Mr. Akins' qualifications? 16 ARBITRATOR EISCHEN: Gentleman? 17 (Panel replied no.) 18 BY MR. POLLAK: 19 Q Mr. Akins, this part is going to be the 20 most difficult piece of this. All right. 21 Mr. Akins, have you prepared some 22 materials to discuss with the Panel today? Inabnet Court Reporting (703) 331-0212 1551 1 A Yes, I have. 2 Q And do you want to summarize the three 3 areas that you're going to testify about? 4 A I want to talk about, essentially, three 5 subjects. 6 The first of which is pilot compensation 7 and what sort of constitutes pilot compensation, how 8 it's measured, how companies view pilot 9 compensation, which includes other things besides 10 wages. 11 Pilot contracts are thick for a reason. 12 The wage piece is a couple of pages. 13 The second part is to discuss the 14 operation retirement of B-737s by both United and 15 Continental and the subsequent flying of B-737s 16 after the merger. 17 The third part is just an overview of 18 international operations from each carrier trying to 19 put a little more formalized notes on what Mo 20 discussed yesterday about the differences in flying 21 between the companies. 22 You can see that in reflected on maps, but Inabnet Court Reporting (703) 331-0212 1552 1 you can also see it reflected in the types of 2 equipment that were operated on those routes. 3 And that's the third part of my testimony 4 today. 5 Q All right. Mr. Akins, in your exhibit 6 book, I believe the pages are divided into three 7 parts for the three subjects that you referenced. 8 And then the pages are numbered basically 9 1 through 89, and we will refer to them in the 10 record that way as page 1 or page 5 and so on. 11 Mr. Akins, can you turn to page 4? 12 And it's the first section of your 13 material on compensation about pay per pilot. 14 A Yes. It's a standard analytical device to 15 look at the rank of pilot pay on the average per 16 pilot head. 17 The information can be derived from the 18 Form 41 statistics collected by the Department of 19 Transportation. 20 Q What does the table on page 4 show? 21 A It's a snapshot of 2009, the last full 22 year before the merger took place. Inabnet Court Reporting (703) 331-0212 1553 1 And it shows what was pretty consistent in 2 pilot pay during this time, that Southwest was the 3 highest average paid pilot group. 4 And that the network carriers were sort of 5 just below Southwest, including Continental at 6 150,000, you will note, in the blue bars, United at 7 125,000, and then the low-cost carriers on the 8 right-hand side with lower compensation. 9 This chart is reflective of a number of 10 things, not just the wage scale, the composition of 11 the pilot group, whether they were senior or junior 12 on that wage scale, whether they flew widebody or 13 narrowbody equipment, how many hours they worked, 14 and so forth. 15 So this is generally the lay of the land 16 for pilot pay for about the last five years in 2010 17 back to 2005. 18 Q Mr. Akins, if there was a difference in 19 the number of hours that one group flew versus 20 another, would that show up here as resulting in 21 higher pay for the pilot group that worked more 22 hours? Inabnet Court Reporting (703) 331-0212 1554 1 A All things being equal, more hours would 2 mean more average pay per pilot. 3 And I think it should be pointed out that 4 this is average for everybody. You can't divide by 5 Captains or First Officers or reserves. 6 This is the average of the total pilot 7 group. 8 Q All right. As you go through the pages, 9 just note which page you're on, please. 10 A Sure. Page 5 is a similar type of 11 analysis. 12 And I think it bears some explaining that 13 the Form 41 information that describes pilot 14 compensation in general has five buckets of pay.
Recommended publications
  • 1995 Annual Report

    1995 Annual Report

    Southwest Airlines Co. 1995 Annual Report OUR 6 SECRETS OF SUCCESS Table of Contents Consolidated Highlights ..................................................................2 Introduction .....................................................................................3 Letter to Shareholders.....................................................................4 1. Stick To What You’re Good At ....................................................4 2. Keep It Simple .............................................................................8 3. Keep Fares Low, Costs Lower ..................................................10 4. Treat Customers Like Guests....................................................12 5. Never Stand Still .......................................................................14 6. Hire Great People .....................................................................16 Looking Ahead ..............................................................................18 Destinations ..................................................................................20 Financial Review ...........................................................................21 Management’s Discussion and Analysis .......................................21 Consolidated Financial Statements...............................................27 Report of Independent Auditors ....................................................39 Quarterly Financial Data ...............................................................40 Common Stock Price Ranges
  • United and Continental Announce Merger Of

    United and Continental Announce Merger Of

    exv99w1 Page 1 of 8 EX-99.1 3 h72680exv99w1.htm EX-99.1 Exhibit 99.1 Contacts for Continental: Contacts for United: Media: Media: Corporate Communications Worldwide Press Office Phone: (713) 324-5080 Phone: (312) 997-8640 E-mail: [email protected] Email: [email protected] Investors: Investors: Investor Relations Investor Relations Phone: (713) 324-5000 Phone: (312) 997-8610 E-mail: [email protected] E-mail: [email protected] UNITED AND CONTINENTAL ANNOUNCE MERGER OF EQUALS TO CREATE WORLD-CLASS GLOBAL AIRLINE Customers and Communities to Benefit from Greater, Easier Access to World’s Most Comprehensive Network; Preserves and Enhances Service to Small Communities Employees to Benefit from Enhanced Long-Term Career Opportunities and Greater Stability as Part of Stronger Global Competitor Shareholders to Benefit from Strong Financial Foundation, Expected Net Annual Synergies of $1.0 Billion to $1.2 Billion and Sustainable Long-Term Value Award-Winning Customer Service Combines With Industry-Leading On-Time Performance Industry-Leading Frequent Flyer Program Provides More Opportunities to Earn and Redeem Miles Worldwide Existing Alliance Partnership Provides Platform for Smooth Integration Name of Airline Will be United with Continental’s Logo and Livery HOUSTON AND CHICAGO, May 3, 2010 — Continental (NYSE: CAL) and United (NASDAQ: UAUA) today announced a definitive merger agreement, creating the world’s leading airline with superior service to customers, expanded access to an unparalleled global network serving 370 destinations around the world, enhanced long-term career prospects for employees, and a platform for improved profitability and sustainable long-term value for shareholders. The all-stock merger of equals brings together two of the world’s premier airlines, creating a combined company well positioned to succeed in an increasingly competitive global and domestic aviation industry.
  • U.S. Department of Transportation Federal

    U.S. Department of Transportation Federal

    U.S. DEPARTMENT OF ORDER TRANSPORTATION JO 7340.2E FEDERAL AVIATION Effective Date: ADMINISTRATION July 24, 2014 Air Traffic Organization Policy Subject: Contractions Includes Change 1 dated 11/13/14 https://www.faa.gov/air_traffic/publications/atpubs/CNT/3-3.HTM A 3- Company Country Telephony Ltr AAA AVICON AVIATION CONSULTANTS & AGENTS PAKISTAN AAB ABELAG AVIATION BELGIUM ABG AAC ARMY AIR CORPS UNITED KINGDOM ARMYAIR AAD MANN AIR LTD (T/A AMBASSADOR) UNITED KINGDOM AMBASSADOR AAE EXPRESS AIR, INC. (PHOENIX, AZ) UNITED STATES ARIZONA AAF AIGLE AZUR FRANCE AIGLE AZUR AAG ATLANTIC FLIGHT TRAINING LTD. UNITED KINGDOM ATLANTIC AAH AEKO KULA, INC D/B/A ALOHA AIR CARGO (HONOLULU, UNITED STATES ALOHA HI) AAI AIR AURORA, INC. (SUGAR GROVE, IL) UNITED STATES BOREALIS AAJ ALFA AIRLINES CO., LTD SUDAN ALFA SUDAN AAK ALASKA ISLAND AIR, INC. (ANCHORAGE, AK) UNITED STATES ALASKA ISLAND AAL AMERICAN AIRLINES INC. UNITED STATES AMERICAN AAM AIM AIR REPUBLIC OF MOLDOVA AIM AIR AAN AMSTERDAM AIRLINES B.V. NETHERLANDS AMSTEL AAO ADMINISTRACION AERONAUTICA INTERNACIONAL, S.A. MEXICO AEROINTER DE C.V. AAP ARABASCO AIR SERVICES SAUDI ARABIA ARABASCO AAQ ASIA ATLANTIC AIRLINES CO., LTD THAILAND ASIA ATLANTIC AAR ASIANA AIRLINES REPUBLIC OF KOREA ASIANA AAS ASKARI AVIATION (PVT) LTD PAKISTAN AL-AAS AAT AIR CENTRAL ASIA KYRGYZSTAN AAU AEROPA S.R.L. ITALY AAV ASTRO AIR INTERNATIONAL, INC. PHILIPPINES ASTRO-PHIL AAW AFRICAN AIRLINES CORPORATION LIBYA AFRIQIYAH AAX ADVANCE AVIATION CO., LTD THAILAND ADVANCE AVIATION AAY ALLEGIANT AIR, INC. (FRESNO, CA) UNITED STATES ALLEGIANT AAZ AEOLUS AIR LIMITED GAMBIA AEOLUS ABA AERO-BETA GMBH & CO., STUTTGART GERMANY AEROBETA ABB AFRICAN BUSINESS AND TRANSPORTATIONS DEMOCRATIC REPUBLIC OF AFRICAN BUSINESS THE CONGO ABC ABC WORLD AIRWAYS GUIDE ABD AIR ATLANTA ICELANDIC ICELAND ATLANTA ABE ABAN AIR IRAN (ISLAMIC REPUBLIC ABAN OF) ABF SCANWINGS OY, FINLAND FINLAND SKYWINGS ABG ABAKAN-AVIA RUSSIAN FEDERATION ABAKAN-AVIA ABH HOKURIKU-KOUKUU CO., LTD JAPAN ABI ALBA-AIR AVIACION, S.L.
  • The Annual Wings Club Dinner-Dance

    The Annual Wings Club Dinner-Dance

    Celebrating 67 Years of Aviation Tradition. www.wingsclub.org Vol.39 • No.3 Winter 2009/2010 NEWS THE ANNUAL WINGS CLUB DINNER-DANCE On October 23, 2009, more than 1,000 Wings Club members and their guests from around the world gathered at the elite Waldorf=Astoria Hotel in New York City for the 67th Annual Dinner-Dance. Club President Dave Barger presided over the evening and welcomed an enthusiastic crowd which included eleven past presidents of the Wings Club. In the first of three presentation innovations, which added an element of surprise to the program this year, the presentation of the Club’s 2009 Distinguished Achievement Award to Mr. Wolfgang Mayrhuber, Chairman of the Executive Board & CEO of Deutsche Lufthansa AG, was performed by his good friend and the 2008 honoree, Mr. Steven Udvar-Hazy. The presentation was preceded by a compelling video, tracing Mr. Mayrhuber’s more than 35 year career, beginning as an engineer at the Deutsche Lufthansa overhaul facility in Hamburg through to his current position as the company’s Chairman of the Executive Board and CEO. Steven Uvdar-Hazy, Wolfgang Mayrhuber and Dave Barger Further heightening the evening’s air of the unexpected, everyone’s attention was drawn to the first balcony as Mr. Abdol Maobery, President of the Wings Club Scholarship Fund, presented a total of six $5,000 scholarship awards to deserving students in the field of aviation. Finally, representing the Club’s continuing support of aviation-related humanitarian organizations, the presentation of a check to The Corporate Angel Network for $25,000, was made at the head table.
  • Essays on Strategic Behavior in the U.S. Airline Industry

    Essays on Strategic Behavior in the U.S. Airline Industry

    Essays on Strategic Behavior in the U.S. Airline Industry Dissertation Presented in Partial Fulfillment of the Requirements for the Degree Doctor of Philosophy in the Graduate School of The Ohio State University By Kerria Measkhan Tan, B.A., M.A. Graduate Program in Economics The Ohio State University 2012 Dissertation Committee: Matthew Lewis, Advisor James Peck Huanxing Yang c Copyright by Kerria Measkhan Tan 2012 Abstract In my first dissertation essay, \Incumbent Response to Entry by Low-Cost Carri- ers in the U.S. Airline Industry," I analyze the price response of incumbents to entry by low-cost carriers in the U.S. airline industry. Previous theoretical papers suggest that airlines might respond to entry by lowering prices to compete harder for existing customers or they might increase prices to exploit their brand-loyal customers. This paper tests which effect is more prominent in the airline industry. I find that when one of four low-cost carriers enters a particular route, legacy carrier incumbents respond differently than low-cost carrier incumbents to new low-cost carrier entry. Legacy carriers decrease their mean airfare, 10th percentile airfare, and 90th percentile air- fare before and after entry by a low-cost carrier. However, low-cost carriers do not significantly alter their pricing strategy. The differing incumbent responses can be attributed to the finding that low-cost carrier entrants tend to match the price set by rival low-cost carriers in the quarter of entry and tend to enter with a lower price than that of legacy carrier incumbents. The results also suggest that entry does not affect price dispersion by incumbent carriers.
  • Analysis of Global Airline Alliances As a Strategy for International Network Development by Antonio Tugores-García

    Analysis of Global Airline Alliances As a Strategy for International Network Development by Antonio Tugores-García

    Analysis of Global Airline Alliances as a Strategy for International Network Development by Antonio Tugores-García M.S., Civil Engineering, Enginyer de Camins, Canals i Ports Universitat Politècnica de Catalunya, 2008 Submitted to the MIT Engineering Systems Division and the Department of Aeronautics and Astronautics in Partial Fulfillment of the Requirements for the Degrees of Master of Science in Technology and Policy and Master of Science in Aeronautics and Astronautics at the Massachusetts Institute of Technology June 2012 © 2012 Massachusetts Institute of Technology. All rights reserved Signature of Author__________________________________________________________________________________ Antonio Tugores-García Department of Engineering Systems Division Department of Aeronautics and Astronautics May 14, 2012 Certified by___________________________________________________________________________________________ Peter P. Belobaba Principal Research Scientist, Department of Aeronautics and Astronautics Thesis Supervisor Accepted by__________________________________________________________________________________________ Joel P. Clark Professor of Material Systems and Engineering Systems Acting Director, Technology and Policy Program Accepted by___________________________________________________________________________________________ Eytan H. Modiano Professor of Aeronautics and Astronautics Chair, Graduate Program Committee 1 2 Analysis of Global Airline Alliances as a Strategy for International Network Development by Antonio Tugores-García
  • Filed by UAL Corporation Pursuant to Rule 425 Under the Securities Act of 1933 and Deemed Filed Pursuant to Rule 14A-12 Under the Securities Exchange Act of 1934

    Filed by UAL Corporation Pursuant to Rule 425 Under the Securities Act of 1933 and Deemed Filed Pursuant to Rule 14A-12 Under the Securities Exchange Act of 1934

    Filed by UAL Corporation Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 Subject Company: Continental Airlines, Inc. Commission File No.: 1-10323 IMPORTANT INFORMATION FOR INVESTORS AND STOCKHOLDERS This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. The proposed merger of equals transaction between UAL Corporation (“UAL”) and Continental Airlines, Inc. (“Continental”) will be submitted to the respective stockholders of UAL and Continental for their consideration. UAL will file with the Securities and Exchange Commission (“SEC”) a registration statement on Form S-4 that will include a joint proxy statement of Continental and UAL that also constitutes a prospectus of UAL. UAL and Continental also plan to file other documents with the SEC regarding the proposed transaction. INVESTORS AND SECURITY HOLDERS OF CONTINENTAL ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and stockholders will be able to obtain free copies of the joint proxy statement/prospectus and other documents containing important information about UAL and Continental, once such documents are filed with the SEC, through the website maintained by the SEC at http://www.sec.gov. copies of the documents filed with the SEC by UAL will be available free of charge on UAL’s website at www.united.com or by contacting UAL’s investor relations department at (312) 997-8610.
  • Filed by UAL Corporation Pursuant to Rule 425 Under the Securities Act of 1933 and Deemed Filed Pursuant to Rule 14A-12 Under the Securities Exchange Act of 1934

    Filed by UAL Corporation Pursuant to Rule 425 Under the Securities Act of 1933 and Deemed Filed Pursuant to Rule 14A-12 Under the Securities Exchange Act of 1934

    Filed by UAL Corporation Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 Subject Company: Continental Airlines, Inc. Commission File No.: 1-10323 IMPORTANT INFORMATION FOR INVESTORS AND STOCKHOLDERS This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. The proposed merger of equals transaction between UAL Corporation (“UAL”) and Continental Airlines, Inc. (“Continental”) will be submitted to the respective stockholders of UAL and Continental for their consideration. UAL will file with the Securities and Exchange Commission (“SEC”) a registration statement on Form S-4 that will include a joint proxy statement of Continental and UAL that also constitutes a prospectus of UAL. UAL and Continental also plan to file other documents with the SEC regarding the proposed transaction. INVESTORS AND SE CURITY HOLDERS OF CONTINENTAL ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and stockholders will be able to obtain free copies of the joint proxy statement/prospectus and other documents containing important information about UAL and Continental, once such documents are filed with the SEC, through the website maintained by the SEC at http://www.sec.gov. copies of the documents filed with the SEC by UAL will be available free of charge on UAL’s website at www.united.com or by contacting UAL’s investor relations department at (312) 997-8610.
  • Strategic Management: Competitiveness and Globalization

    Strategic Management: Competitiveness and Globalization

    D • AN HO L S E K R I I S • S T O T I N H Concepts Strategic Management Competitiveness & Globalization 9th Edition Michael A. Hitt Texas A&M University R. Duane Ireland Texas A&M University Robert E. Hoskisson Rice University Strategic Management: Competitiveness © 2011, 2009 South-Western, a Part of Cengage Learning and Globalization: Concepts, Ninth Edition ALL RIGHTS RESERVED. No part of this work covered by the copyright Michael A. Hitt, Duane Ireland, and herein may be reproduced, transmitted, stored or used in any form Robert E. Hoskisson or by any means graphic, electronic, or mechanical, including but not limited to photocopying, recording, scanning, digitizing, taping, Web VP/Editorial Director: distribution, information networks, or information storage and retrieval Jack W. Calhoun systems, except as permitted under Section 107 or 108 of the 1976 Editor-in-Chief: United States Copyright Act, without the prior written permission of the Melissa Acuna publisher. Senior Acquisitions Editor: Michele Rhoades Director of Development: For product information and technology assistance, contact us at John Abner Cengage Learning Customer & Sales Support, 1-800-354-9706 Senior Editorial Assistant: For permission to use material from this text or product, Ruth Belanger submit all requests online at www.cengage.com/permissions Marketing Manager: Further permissions questions can be emailed to Nathan Anderson [email protected] Senior Marketing Communications Manager: Jim Overly ExamView® and ExamView Pro® are registered trademarks of Marketing Coordinator: FSCreations, Inc. Windows is a registered trademark of the Microsoft Suellen Ruttkay Corporation used herein under license. Macintosh and Power Macintosh are registered trademarks of Apple Computer, Inc.
  • New Home for the Wings Club Effective December 10, 2010, the Wings Club Moved Into Its New Home in the Metlife Building, Formerly Known As the Pan Am Building

    New Home for the Wings Club Effective December 10, 2010, the Wings Club Moved Into Its New Home in the Metlife Building, Formerly Known As the Pan Am Building

    Celebrating 68 Years of Aviation Tradition. www.wingsclub.org Vol.41 • No.1 Winter 2010/2011 NEWS New Home for The Wings Club Effective December 10, 2010, The Wings Club moved into its new home in the MetLife Building, formerly known as the Pan Am Building. A tastefully appointed 2,285 square-foot space on the lobby level, Suite # 176 houses a Board Room, administrative space, kitchenette and a hotelling area. The space was first used for the December meeting of The Executive Committee of the Board and was formally dedicated at the January 2011 meeting of the Board of Governors. In addition to the historical aviation significance of our new home, the layout enables us to showcase numerous pieces of the Club’s art collection, that has been in storage since 2002. A walk around the Board Room and offices is like a lesson in the history of our industry. Particularly compelling is the set of 8 cloud paintings by Eric Sloane, including the 12 foot painting that hung in the lobby at 52 Vanderbilt Avenue, which now bedecks the media wall in the Board Room. There is also a set of 6 paintings of fighter planes by Clayton Knight that were in the dining room at 52 Vanderbilt and 12 paintings and prints by John McCoy. Securing a permanent home for the Club was an important The Board Room on 1/20/11 goal of former Club President Dave Barger’s tenure. The initial effort was led by long-time friend and Board of Governors member, PANYNJ Director of Aviation, Bill DeCota.
  • 76812 United Airlines.Indd C-10 6 8 1 2 U N I T E D

    76812 United Airlines.Indd C-10 6 8 1 2 U N I T E D

    United Airlines, Time to Fly “Together” Analia Anderson, Derek Evers, Velislav Hristanov, Robert E. Hoskisson, Jake Johnson, Adam Kirst, Pauline Pham, Todd Robeson, Mathangi Shankar, Adam Schwartz, Richard Till, Craig Vom Lehn, Elena Wilkening, Gail Christian / Arizona State University United Airlines, formerly the wholly owned prin- Strong demand for air travel followed during cipal subsidiary of UAL Corporation, has experi- the post World War II economic boom that swept enced a significant amount of turbulence in its more the United States. In response, United expanded its than 80-year history. From its inception in 1926 workforce, acquired new routes, and purchased it has weathered many storms including mergers, the company’s first jet aircraft.3 On June 1, 1961, acquisitions, war, the Depression, strikes by labor United merged with Capital Airlines, then the fifth- unions, buyout and takeover attempts, terrorist largest air transport company in the United States, attacks, and bankruptcy. The most recent major and formed the world’s largest commercial airline. challenge to United and the global air transporta- In 1968, United’s stockholders approved the for- tion industry has been the global economic reces- mation of UAL, Inc., as a holding company, with sion. Then in October 2010, United Airlines joined United as a wholly owned subsidiary. with Continental Airlines in a merger that created The next 20 years were turbulent times for the the world’s largest airline, with more than 80,000 company and tested not only United, but also the employees. UAL Corporation changed its name entire airline industry. The company had six differ- to United Continental Holdings, Inc., with corpo- ent presidents between 1970 and 1989.
  • Filed by Continental Airlines, Inc. Pursuant To

    Filed by Continental Airlines, Inc. Pursuant To

    Filed by Continental Airlines, Inc. Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 Subject Company: Continental Airlines, Inc. Commission File No.: 1-10323 Important Information For Investors And Stockholders This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. The proposed merger of equals transaction between UAL Corporation (“UAL”) and Continental Airlines, Inc. (“Continental”) will be submitted to the respective stockholders of UAL and Continental for their consideration. UAL will file with the Securities and Exchange Commission (“SEC”) a registration statement on Form S-4 that will include a joint proxy statement of Continental and UAL that also constitutes a prospectus of UAL. UAL and Continental also plan to file other documents with the SEC regarding the proposed transaction. INVESTORS AND SECURITY HOLDERS OF CONTINENTAL ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and stockholders will be able to obtain free copies of the joint proxy statement/prospectus and other documents containing important information about UAL and Continental, once such documents are filed with the SEC, through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by UAL will be available free of charge on UAL’s website at www.united.com under the tab “Investor Relations” or by contacting UAL’s Investor Relations Department at (312) 997-8610.