Scope... not worth the paper it’s written on.
08-31-2018, 03:12 PM
#91
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Joined APC: Nov 2006
Position: This side of the dirt.
Posts: 890
Originally Posted by Packrat
I did. But 24 years AS gives me a bit more insight on how Ange Lake looks at things. I'm not denying that AS pilots have played right into their hands (Kasher, etc.). I always hoped the pilot negotiations would turn around when the new guys reached a majority.
That was dashed when the MEC fell for block representation. That disenfranchised the F/Os in ALL the bases. Now, the only hope is that the VX pilots can turn around the "92%" mentality of the senior SEA pilots.
That was dashed when the MEC fell for block representation. That disenfranchised the F/Os in ALL the bases. Now, the only hope is that the VX pilots can turn around the "92%" mentality of the senior SEA pilots.
I asked a captain the other day who didn’t know who he was more ****ed at, VX ALPA or AS ALPA over the competing SLI proposals, “well in light of what you’ve witnessed in SLI negotiations, if ya had to choose who you’d rather represent you in the next contract negotiations which would it be, AS ALPA or VX ALPA?” His answer was “hands down VX ALPA.”
08-31-2018, 03:18 PM
#92
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Joined APC: Nov 2006
Position: This side of the dirt.
Posts: 890
Originally Posted by Work4life
That could be said for about every single airline out there and for that matter, every large corporation. Case in point-USAir comes out of bankruptcy and all of a sudden, billions of $$$ appear from thin air. It then purchased American. Same shady creative accounting is used at Angle Lake, genius. The savvy bean counters know their way around the system just enough to fudge the SEC filings.
Regardless of how much money VX was making hand over fist behind the scenes, none of it matters in the legal scheme of things. The bottom line is VX never showed a profit in the books. To the public's eyes and in our case with the arbitrators, it is just a shell of a company. You all deserve a staple job but thanks to spineless Eskimo ALPA, you are going to once again receive a windfall. You should have all gone the way of Aloha so thank your lucky stars.
Regardless of how much money VX was making hand over fist behind the scenes, none of it matters in the legal scheme of things. The bottom line is VX never showed a profit in the books. To the public's eyes and in our case with the arbitrators, it is just a shell of a company. You all deserve a staple job but thanks to spineless Eskimo ALPA, you are going to once again receive a windfall. You should have all gone the way of Aloha so thank your lucky stars.
08-31-2018, 03:57 PM
#93
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Joined APC: Nov 2013
Position: 7th green
Posts: 4,378
Originally Posted by av8or
That still doesn’t answer the question of if they were gonna get bought... So can you make a compelling argument why, for them, Alaska as purchaser was better than JetBlue?
08-31-2018, 04:25 PM
#94
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Position: This side of the dirt.
Posts: 890
Originally Posted by Packrat
Why? Because the Anglers had so much money and credit they could pay $4B for a company worth $1.5B.
Remember YOU made the argument Alaska saved them from going out of business and that’s why they should be greatful. But, since JetBlue was gonna buy them, that’s factually inaccurate.
08-31-2018, 05:53 PM
#95
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Joined APC: Oct 2010
Posts: 158
Don’t forget Delta was in the running to buy Virgin. However once the price became stupid they did the right thing and walked away.
Maybe if Alaska wasn’t so sh1t scared they would have walked away too. We would all have been a lot happier and better off.
Maybe if Alaska wasn’t so sh1t scared they would have walked away too. We would all have been a lot happier and better off.
08-31-2018, 07:19 PM
#96
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Joined APC: Jan 2016
Posts: 67
Originally Posted by cmrflyer
Don’t forget Delta was in the running to buy Virgin. However once the price became stupid they did the right thing and walked away.
Maybe if Alaska wasn’t so sh1t scared they would have walked away too. We would all have been a lot happier and better off.
Maybe if Alaska wasn’t so sh1t scared they would have walked away too. We would all have been a lot happier and better off.
08-31-2018, 08:12 PM
#98
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Joined APC: Jan 2016
Posts: 67
None of us were there so we’ll never know exactly what went down but that’s what I’ve read. I’m going to venture to guess that it was a poker match played by shrewd business men and Angle Lake boys won the battle but lost the war. Depleting the enemy’s resources is one of the oldest strategies.
Acquiring VX was like buying a bag of chips only to find out that it’s full of air and only 1/3 full.
Acquiring VX was like buying a bag of chips only to find out that it’s full of air and only 1/3 full.
08-31-2018, 09:04 PM
#100
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Joined APC: Dec 2005
Posts: 8,898
Originally Posted by Work4life
None of us were there so we’ll never know exactly what went down but that’s what I’ve read. I’m going to venture to guess that it was a poker match played by shrewd business men and Angle Lake boys won the battle but lost the war. Depleting the enemy’s resources is one of the oldest strategies.
Acquiring VX was like buying a bag of chips only to find out that it’s full of air and only 1/3 full.
Acquiring VX was like buying a bag of chips only to find out that it’s full of air and only 1/3 full.
On January 5, 2016, Mr. Carty received a telephone call from certain senior executives from a large U.S.-based airline carrier (“Company C”) to highlight their potential interest in an acquisition of the Company and later submitted to Mr. Carty a detailed diligence request list in connection with their interest.
On February 16, 2016, at Alaska Air Group’s direction, representatives of Merrill Lynch and UBS called Evercore and informed them that Alaska Air Group may no longer be willing to offer $44.75 per share in connection with an acquisition of the Company and requested that the Company indicate whether it would be willing to accept a lower offer price.
In addition, as of such date, Company C had not expressed any willingness to submit an indication of interest in connection with a potential acquisition of the Company. Company C also informed the Company that it believed regulatory approvals would be lengthy and difficult to obtain in connection with its acquisition of the Company. The closing price of the Company’s common stock on NASDAQ on February 16, 2016 was $29.29 per share.
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