Spirit and Frontier… just the beginning

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02-15-2022 | 09:24 AM

#201

rickair7777

Prime Minister/Moderator

Joined: Jan 2006

Posts: 44,882

Likes: 681

From: Engines Turn or People Swim

Quote:

Originally Posted by MinRest

Yea? Tell me how it addresses it…

Google says there is some language, but I don't have any expertise to assess how good or not the specific language is.

02-15-2022 | 09:25 AM

#202

Salukidawg

Line Holder

Joined: Sep 2015

Posts: 310

Likes: 13

Quote:

Originally Posted by WYSIWYG

I doubt SW would be able to get passed the DOJ to purchase a larger carrier. As of today, the combined market cap ( AS/SW) would be almost 30% higher than Deltas . Over a 1000 narrowbodies . And if SW would make a bid and potentially go forward with an acquisition , the other big 3 will not stand idle by and watch .

You’re going to be very disappointed then if you really believe that. Most of the time with Airline Mergers 1+1 doesn’t = 2, it usually equals 1.5. There’s always some overlap and route rationalization that happens after a merger to bring the synergies of the combined carrier together. In the hypothetical WN/AS, the combined market cap would probably put the carrier on parody with the Big 3 from an ASM perspective even if the total narrowbody fleet count was higher. This has already been established and make a combination by WN with either AS or B6 most likely palatable to regulators with minimal to no divestiture required to receive regulatory approval.

02-15-2022 | 09:35 AM

#203

MinRest

Mmmm wine

Joined: Feb 2020

Posts: 1,791

Likes: 351

From: The Jet

Quote:

Originally Posted by rickair7777

Google says there is some language, but I don't have any expertise to assess how good or not the specific language is.

So you think if SWA buys us, they have to honor our CBA?

02-15-2022 | 09:40 AM

#204

rickair7777

Prime Minister/Moderator

Joined: Jan 2006

Posts: 44,882

Likes: 681

From: Engines Turn or People Swim

Quote:

Originally Posted by MinRest

So you think if SWA buys us, they have to honor our CBA?

The successor language would be binding... that's what it's there for.

02-15-2022 | 10:12 AM

#205

MinRest

Mmmm wine

Joined: Feb 2020

Posts: 1,791

Likes: 351

From: The Jet

Quote:

Originally Posted by rickair7777

The successor language would be binding... that's what it's there for.

There doesn’t have to be successor language. It’s whatever the successor wants. SWA could buy us abs staple us tomorrow if they had the means.

02-15-2022 | 10:24 AM

#206

BeatNavy

Covfefe

Joined: Jun 2015

Posts: 3,001

Likes: 0

Quote:

Originally Posted by MinRest

There doesn’t have to be successor language. It’s whatever the successor wants. SWA could buy us abs staple us tomorrow if they had the means.

That’s not how it works.

02-15-2022 | 10:40 AM

#207

All Bizniz

Line Holder

Joined: Apr 2018

Posts: 700

Likes: 0

Quote:

Originally Posted by tzskipper1

Guadalupe Holdings? In order to skirt the McCaskill - Bond statute and avoid an arbitrated SLI.

https://www.sec.gov/Archives/edgar/d...122077/d8k.htm

If I recall, SW management implied they would liquidate Airtran over time if the "agreement" they offered to the Airtran ALPA was refused.

S

Quote:

Originally Posted by All Bizniz

I would hope that part of a deal to be acquired by SW (non-hostile take-over) would be AS management's insistence that there be an arbitrated SLI.

Of course, they could just as well not insist on that, as a big, parting, "Yuck Fou" to the pilots.

Quote:

Originally Posted by rickair7777

AS doesn't have to do anything, Mccaskill-Bond provides for SLI arbitration... regardless of who wants it or who does not want it.

You're right, AS doesn’t have to do anything. I suggested as much.

I was simply replying to the point TZSkipper1 had made though, that SW had formed a separate entity to acquire AT which they could have been used to circumvent McCaskill-Bond.

Last edited by All Bizniz; 02-15-2022 at 11:00 AM.