Originally Posted by
FAULTPUSH
As far as the equity stake, FAPA Invest would be stupid to give that up - it would mean big lawsuit from the Frontier pilots, even if we got a big payout in the process.
Rocky - My point was that FAPAInvest isn't likely to give anything up, or negotiate our position.
As for concessions, the investor has leverage at this point (the threat that the deal won't happen without the concessions). That carries some weight with the flight attendants, but for us, it's moot because IBT has no interest in giving concessions on the F9 side, except perhaps in return for some juicy bone that might be offered to the RAH pilots.
After the deal is done (and I sure hope it happens), and we have real representation again, then the investor has lost that leverage. All of the previous gives that our pilot group has voted for have happened under duress. It would take at LEAST a few months of poor results before we'd vote for any further concessions.
