Well, be careful watch you wish for. Within a day or two, RAH is shifting flying out west to a cheaper group of pilots. No sort of labor agreement in place, and no pay agreements in place either. Good luck. We are all big losers in this because the fight for DEN just got more intense, which means lower profits for all.
Doesn't the contract come with the pilots? Even if BB did want to put RAH pilots on the Airbus there would have to be new rates negotiated. I don't think there will be cheaper pilots flying the Airbus. The F9 guys will fly the Airbus under their current rates until a new CBA is negotiated.
The press releases don't always match the SEC filings. As I understand it TPG is retaining a 7.8% (?) investment and a seat on the board? It's all so incestuous that there's no way to know what might still happen, and who still has their hands in the cookie jar.
If that is the case I wonder what might happen to Spirit since we are owned by TPG and Oak Tree. Not trying to start a rumor but it is very interesting if its true.
You guys do realize that this is not going to take place tomorrow. Once the lists are merged and we are one company, those planes can be placed anywhere. The terms of the integration will determine who will fly those planes (F9 pilots). I know this will be very difficult to come to terms with, but the Midwest flying is RAH flying. The Midwest pilots will be on the RAH list. This will not be outsourcing to put an airbus on those routes.
As for original poster; do they not treat you that well at Southwest? You seem extremely bitter and want nothing more than to see bickering between those who are still involved in this deal. Ive always had a great experience dealing with SWA people. All very professional and curteous. Why are you stooping to such a low level?
why are you fly guy? The original poster, posted an article for informational purposes. There was no Flame, heck, he added no commentary whatsoever. Unlike 90% of the posts here, he actually posted relevant information, not conjecture or innuendo. Kind of what is supposed to be going on here. But you somehow take it personally and turn it, and him into a target...classy!
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If that is the case I wonder what might happen to Spirit since we are owned by TPG and Oak Tree. Not trying to start a rumor but it is very interesting if its true.
Not the same. With Indigo as controlling investor there is a much larger set of goals that they have in mind.
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Quote:
Originally Posted by RepublicofTexas
Question to me is where does DAL play in to all of this. Something stinks in IND!
Yes, smells like low tide.
Although diversification is a smart move if Republic thinks their major partners are unwilling, or incapable, to continue their contractual performance.
TPG owned and had a controlling 53% of Midwest. NWA, which became a Delta subsidiary with the merger, owned 47% of Midwest, but was restricted from operational contraol. That 47% stake was written off prior to the sale to RAH. The terms of the TPG deal required TPG to be made whole prior to any return for NWA. TPG sold 100% of the equity to RAH. As of July 31, NWA, now DAL owns none of Midwest.
Midwest places their code on Delta flights. Delta code is not placed on Midwest flights.
While the situation stinks for Midwest, it has and had nothing to do with Delta.
I disagree.
If you have ever owned a stock or bond that hits financial trouble you would know that you own your shares until bankruptcy. Midwest never declared bankruptcy. Delta can take "tax" write-offs, but unless you sell or give the shares to someone you still own 47%.
TPG as a private company has started 5-6 private partnership LLC... TPG Midwest Gen Par LLC, TPG Midwest Partners V LLC, TPG Midwest USA LLC, TPG Midwest Internatioonal LLC, ...
Everyone talks like Republic bought Midwest. But if you read the Republic - TPG deal it is a "Merger" not a purchase. TPG Midwest and Republic merged companies with the TPG owners getting a board sit at Republic.
It's all in the fine print
The TPG/NWA/Delta/Republic deal has been hidden behind closed doors because the majority owner is a privately held company. I think the truth of the TPG/NWA purchase is still untold.
That is what I have been thinking. I have though that since DAL/NWA wrote off the investment the whole thing has started to stink.
That is how I understood it. You may write the loss off but you still control the stock, etc.
DAL had to have knowledge and IMO give consent for the transaction to take place.
To me that means DAL has their hands all over the RJET actions as of late. It is all a little too cozy.
Some think that DAL is going to buy Rjet, some think that the 175's of Rjet are going to come to CPS/DAL, some think that CPS is going to be sold to Rjet.
All the while the MEC chair thinks/states that Republic is not going to be a DCI carrier much longer.
This is the stuff that does not have decent implications, I do not care how you slice and dice it.
If you have ever owned a stock or bond that hits financial trouble you would know that you own your shares until bankruptcy. Midwest never declared bankruptcy. Delta can take "tax" write-offs, but unless you sell or give the shares to someone you still own 47%.
TPG as a private company has started 5-6 private partnership LLC... TPG Midwest Gen Par LLC, TPG Midwest Partners V LLC, TPG Midwest USA LLC, TPG Midwest Internatioonal LLC, ...
Everyone talks like Republic bought Midwest. But if you read the Republic - TPG deal it is a "Merger" not a purchase. TPG Midwest and Republic merged companies with the TPG owners getting a board sit at Republic.
It's all in the fine print
The TPG/NWA/Delta/Republic deal has been hidden behind closed doors because the majority owner is a privately held company. I think the truth of the TPG/NWA purchase is still untold.
If it's merger, doesn't that give the YX folks a leg up from being assimilated? $450M loss in, what, 2 years? Yea...I dunno. I don't think we've seen the last act of the DAL/NWA/TPG/MEH saga.
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