Originally Posted by
FriendlyPilot
If Frontier buys over 51% of assets, you are taking the unionized employees as well onto your seniority list per McCaskill Bond. Then you will do an SLI in accordance with ALPA merger policy.
If your holding company buys Sprit and tries to do this the same thing applies per case law.
Only if Frontier buys less than 50% of the total assets can they choose to not bring over any employees.
Yes, this.
A merger/acquistion is 50.1% of the company's assets (whatever those assets may be). It's difficult to know exactly what Spirit owns vs. what they rent but there isn't really that much that they possess that F9 needs. Acquiring a training facility (whether it's owned or leased), some offices, maybe a few sims and some aircraft leases is only attractive if obtained pennies on the dollar. TBH, the last thing F9 needs is aircraft and pilots aren't really a problem now either. Most NK pilots already have apps out and would probably be gone by the time it takes for a full SLI.
F9 needs gates more than anything else.