Originally Posted by
mastercraft
To clarify the misconception here...Guadalupe Holdings will be merged with Airtran Holdings, which will create a wholly-owned subsidiary of Southwest Airlines. If Southwest choses to operate this new company as a wholly-owned, and SWAPA agrees to waive the 24-month limit on this scenario, there is nothing requiring any SLI as Bond-McCaskill would not apply.
While this is not ideal for anybody, its an excellent way to ensure the Airtran pilots' "landgrab" mentality doesn't fracture the culture that has allowed SWA to enjoy its success for so many years.
The bottom line is this- Play nice and everyone wins. Enjoy the lottery!!
Here's what Southwest says about operating AirTran as a subsidiary ie. not integrating the operations. From the SEC filing Form 10-Q on 10/22/10.
" If the acquisition is completed, any failure to effectively integrate AirTran’s business could delay or prevent Southwest’s ability to achieve the anticipated benefits of transaction."
On the other hand; perhaps they'll decide to forgo the profits and risk being sued by the shareholders .... To stop you whining.
