Originally Posted by
DontCallMeCindy
To shed the massive debts and labor contracts required to absorb Spirit, and emerge a lean, mean, number 5 fighting machine?
If you’re still lost on what the heck I’m talking about, go do some reading on mergers & acquisitions, leveraged buyouts, and Chapter 11 as a tool for restructuring after a costly acquisition to gain market share and prime real estate. It’s a tried and true long-term business strategy, especially in this industry.
None of us has any idea what the company wants the post-acquisition airline to actually look like…particularly the fleet size over time, vs. the crew composition.
It’s obviously out of our hands at this point, I just find it sort of alarming how many pilots seem so gung-ho cheerleading the acquisition, when these things can and do lead to restructuring and “right-sizing” on occasion.
I just hope our unions are smart enough to ask for furlough protections in JCBA talks!
So you think the c-suites master plan after the merger is declare chapter 11 on purpose to cut down costs? I'm sure their shareholders would love to know that. What past airlines have merged THEN immediately declared bankrupcy because of it?