From the management seat:
I assume your referring to the CCIA/ATI merger?
From a management perspective its common to play that game either way. In a very short answer on a public traded company its all trading based. Keeping numbers inflated (staffing, equipment, etc) keeps confidence up and stock up and keeps Board members employed. It takes short term capital to do this though. ATSG was undervalued at the time and could pull it off. On the other side of the issue is to undergo RIF and liquidate, take the hit and recover through losses and write offs. Stock will tank as a result and there usually no other options. Most of us figured you guys would go under this way.
CTR, LARRY, 707
You guys are all correct on the NMB filing. It doesn't preclude a merger or nor force contracts down your throat. Larry's input is valid from a management point. If dealing with labor narrows to one union its in the companies interest to merge at that point. The opinion on tactics is also valid. Lots of ways to influence this from the management side. (all are legal). Ethical no, Legal yes. There are still people out there that realize at the end of the day families are at risk.