Originally Posted by
air101
Quote:
Originally Posted by Slats
SkyWest inc is to blame for Ukraine, Skywest Inc is to blame for high gas prices and lastly Skywest inc is to blame for your "lack of john"
GMAFB.........
lol right. It's just the blame game. They fail to realize just how dire their financial position was when Inc purchased them in 2010, November 12th to be exact. The 7-year CPA that was signed was done in 2008, when SkyWest originally attempted to buy out ExpressJet, but failed due to the new CPA being signed with Continental at the time. They ended their independent ExpressJet operations and furloughed 347 pilots in 2008, I guess this is SkyWest's fault too. Fact of the matter is, ExpressJet had been on the decline financially ever since they were spun off from Continental in 2002. In 2005 Continental was set to reduce the fleet by 69 aircraft and that's when they got the bright idea to operate them independently. That was the beginning of the end.
You really shouldn't speak when you are ignorant about the subject. The CPA that XJT signed was, literally, the exact same CPA Skywest negotiated with CAL! Skywest took a 16% pilot concession into consideration, in order to being us down to the same average compensation as Skywest pilots, when negotiating that CPA. Once CAL had that CPA in hand, they said to the XJT CEO, give us as good of a deal as Skywest or we will exercise our 12 month notice clause. So yes, Skywest did have a hand in that as well. Also, if we would have allowed Skywest to buy us, their plan was a lot worse than 347 furloughs.
Also, the 25% clause was exercised by CAL in order to increase their leverage in the rate reset clause they were in the midst of negating with XJT. The XJT CEO called their bluff, CAL pulled the trigger, and the XJT CEO played his last card in the last right of refusal clause. Ultimately CAL had the last laugh but that wouldn't have happened if it wasn't for Skywest lowball whipsaw bid.