United, US Airways Deal Gathers Steam
CHARLOTTE, N.C. ( TheStreet) -- A merger deal between United (UAUA) and US Airways (LCC) gathered steam Thursday, as US Airways pilots asked for an emergency stay in a seniority battle viewed as an impediment to a deal.
US Airways pilots believe a deal is far enough along that on Thursday they filed a request for a stay in U.S. Appeals Court in San Francisco, in a case focused on the seniority dispute that separates the pilot groups at US Airways and America West, which merged in 2005 but still work under separate contracts.
Were United and US Airways to merge, three groups of pilots would have to reach a deal, a difficult task made even more difficult because the relative status of two of the groups is unclear without the court's decision. Moreover, the pending case hinders US Airways' ability to negotiate contract issues with its pilots.
According to the filing, "(an) emergency results from the fact that the pending injunction will prevent a corporate merger that would create an airline capable of competing with the recent Delta/Northwest combination." The lack of resolution could "thwart economic benefits and preservation of jobs that might accrue to the corporations and employees," the filing said.The request was filed three days after leaders of the U.S. Airline Pilots Association
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