...and ensure they are the worst paid in the industry for years to come. Yep, lots to be thankful for, besides (in fairness) still being able to report for work. RT Simpson wrote: > > In case you haven't heard, AmWest got their $380m loan guarantee from the > Feds late Friday. With it comes some rather interesting conditions - Uncle > Sam gets warrants for 1/3 of their Class B stock (no voting rights); wages > will be based on 2000 salaries; top management will take pay cuts; leases > will have to be renegotiated, among other cuts in operating expenses. While > the Arizona congressional delegation thought a 1/3 equity position for the > government was bitter medicine, Cactus CEO Doug Parker said he could live > with it. The vote was 2-1 and AmWest should have new financing in place > within the next couple of weeks. Undoubtedly this will make it a very Happy > New Year for Cactus employees! > > RT Simpson > Phoenix -- - R.W. Mann & Company, Inc. >> Airline Industry Analysis Port Washington, NY 11050 >> tel 516-944-0900, fax -7280 mailto:RWM@RWMann.com >> URL http://www.RWMann.com/