Originally Posted by
StopBeingWhimps
Dude, go back and read what I wrote..I once never said it is required to take the pilots... I literally said from sentence 2 that "it all depends on the buying company" and below that i said " of course the buying company can reject the acquired companies CBA" all this is true, but it all needs Bankruptcy Judges approval. This was all a statement based on you saying that it happens in a merger, but this is not true because it CAN happen in an acquisition also. A bankruptcy acquisition doesn't put pilots out on the street. I literally stated that its up to the buying company. Also further below in my 2nd paragraph I stated that any airline that acquires Spirit will take the pilots because the way these big players think and CEO's think is not the way typical pilots think, these guys live in a different world and are focused on chasing Billions in new revenues because thats what they all do, from real world experience. Pilots, employees are a necessary expense. With all the court process and headaches, the company that acquires Spirit will already have decided to move forward WITH Spirit pilots before a deal is even made..in other words they already know what they are taking and they know they need the necessary expense as it is calculated and included by their CFO as they do their financial analysis and strategic assessments, all this is done BEFORE an offer is even made.
and before you respond saying "its cheaper to just hire from the bottom or its cheaper to do it this way or that way". This is not how these big players think, they actually think the opposite. While most people stare at expenses, the big players, wallstreet firms, CEO's stare at revenues first and create new ways to chase new revenues..they already know that the unions of each company will do their negotiations, their only focus is a DEAL....A F9 deal will take the pilots for sure... If we are talking about SWA, they already wanted Frontier's pilots during 363 bankruptcy, but both unions couldn't come to a deal and this was just post Great Recession and pilot market was nothing like it is today.
Whoever it will be, they will be taking the pilots. The narrative created here by a selected few is trying to scare the pilots that they will be on the street.
I guess I should have elaborated better because you made it seem that its an automatic sending the pilots onto the street during a Chapt 11 363 acquisition, which its not.
You may not be on the street during a 363 but you might as well be because you get stapled to the bottom of a seniority list and start from year 1 pay. So not great either way.