This is a bankruptcy proceeding, the judge rules. I posted on an earlier thread that SWA could bid $1 Billion for F9 and if the judge doesn't feel the deal is solid (as it is not with an escape clause dependant on an SLI agreement), he could accept a much lower offer from anyone else. He is the King in that courtroom and cash is not necessarily so.
We shall see, but as I pointed out before, I think that SWAPA SLI clause is likely to kill the deal.
New K Now
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No actually its about SWA dropping their bid if FAPA doesnt accept a staple. SW has a good corporate culture and is not about to screw that up over another East/West scenario, or years of legal battles, I get the feeling for SWA their attitude is its a take it or leave it scenario...
How do you know SWA's bid is dependant on a staple? The pilots are the ones who are negotiating, right? What if the pilots come up with something else?
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How do you know SWA's bid is dependant on a staple? The pilots are the ones who are negotiating, right? What if the pilots come up with something else?
And I quote:
We felt that, considering the time constraints, the only way to adequately protect our entire pilot group was to place the FAPA pilots below the SWAPA pilots on our new Master Seniority List.
Head over to the SWAPA Update Thread (pg#2-bottom) and you can get the full low-down.
We felt that, considering the time constraints, the only way to adequately protect our entire pilot group was to place the FAPA pilots below the SWAPA pilots on our new Master Seniority List.
Head over to the SWAPA Update Thread (pg#2-bottom) and you can get the full low-down.
Yeah that, what he said, I got my info from the same thread, It appeared to be direct from SWAPA.....
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No. There is a difference between SWA's bid and what SWA pilots union wants. My only point is that if the union reverses it's position on the staple, and let's say agrees to binding arbitration, then SWA will go ahead with the deal.
SWA's bid is not based on F9 agreeing to a staple, it's really dependant on the two sides coming to an agreement.
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No. There is a difference between SWA's bid and what SWA pilots uniuon wants. My only point is that if the union reverses it's position on the staple, and let's say agrees to binding arbitration, then SWA will go ahead with the deal.
SWA's bid is not based on F9 agreeing to a staple, it's really dependant on the two sides coming to an agreement.
Actually you are correct, I'm sorry I wasnt clear in my post. My belief though is that if F9 doesnt agree to a staple that SWAPA will refuse an agreement thus leading to SWA retracting the bid, I could be wrong, Im trying to follow this also to see the outcome, and it seems things are moving pretty fast
I guess the point here is SWAPA basically holds the cards, because they dont want or need DRAMA just to buy a BK carrier. I really dont see any leverage existing for FAPA in this, come on most of us agree a staple to SWA is better than a drawn out arbitration with RAH..but if FAPA and the F9 pilots feel better about their odds with RAH then they need to fight to go that route, my opinion doesnt matter, its up to them and their negotiators to decide the line in the sand
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[quote=newKnow;661277]No. There is a difference between SWA's bid and what SWA pilots uniuon wants. My only point is that if the union reverses it's position on the staple, and let's say agrees to binding arbitration, then SWA will go ahead with the deal.
SWA's bid is not based on F9 agreeing to a staple, it's really dependant on the two sides coming to an agreement.[/quote]
I see what your saying....but reading the info I cited on the other thread (AND a$$uming that post is factual/real/legit), at this present time it seems like SWAPA's camp is leaving very little other options other than the quote mentioned above.
In the end, we can all stand outside the conference room door and speculate on 'what's going to happen in the end'.....when it's all said and done, what walks out the door, is what walks out the door.
This is a bankruptcy proceeding, the judge rules. I posted on an earlier thread that SWA could bid $1 Billion for F9 and if the judge doesn't feel the deal is solid (as it is not with an escape clause dependant on an SLI agreement), he could accept a much lower offer from anyone else. He is the King in that courtroom and cash is not necessarily so.
We shall see, but as I pointed out before, I think that SWAPA SLI clause is likely to kill the deal.
New K Now
You really don't have a clue what you are talking about.
No. There is a difference between SWA's bid and what SWA pilots uniuon wants. My only point is that if the union reverses it's position on the staple, and let's say agrees to binding arbitration, then SWA will go ahead with the deal.
SWA's bid is not based on F9 agreeing to a staple, it's really dependant on the two sides coming to an agreement.[/quote]
I see what your saying....but reading the info I cited on the other thread (AND a$$uming that post is factual/real/legit), at this present time it seems like SWAPA's camp is leaving very little other options other than the quote mentioned above.
In the end, we can all stand outside the conference room door and speculate on 'what's going to happen in the end'.....when it's all said and done, what walks out the door, is what walks out the door.
Good point tho NewK...
I know. I know. It's going to be ugly. I just can't believe that SWA (the company) couldn't see this coming. I just went thru a merger and SLI and it took nearly a year and only ended when we had 3 arbitrators decide.
I saw this coming instantly when I found out that a SLI had to be agreed to before the transaction. I'll have to dig up my post from a few weeks ago. Maybe I can rent my crystal ball out the next time.
New K Now
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