Originally Posted by
Lakeaffect
Unless there’s a recession or one of the big boys files bankruptcy and slashes pilot rates, Frankie really doesn’t have a choice if he wants the merger to happen. the merger can’t be finalized until a JCBA is agreed upon. Frankies not that dumb. We don’t have to accept sub standard, we have more leverage than any merger maybe ever, at least in the last 20 years.
I'm not sure that's true. The merger is a financial transaction only requiring approval from the DOT, DOJ and shareholders. The JCBA won't be involved in any of that process. After that's approved the process of a acquiring a single operating certificate, SLI and JCBA can commence.
Our leverage will be more due to the current state of the industry.