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#81
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Let's not forget all the items going on in daily operations causing a meltdown operationally, but making the books as profitable as possible. Those new iPads we were told about months ago that are years overdue are nowhere to be seen except for new hires. We were grossly understaffed before, and have let it get worse, and the company won't lift a finger to properly fund and manage any of our departments. Resources are nowhere to be found, and money attention and financial influx is needed in so many areas that are being willfully ignored. This is not on purpose. We can pretend that management is utterly inept and useless, we can absolutely pretend that. However that is a false and grave misstep in the reality.
#82
Let's not forget all the items going on in daily operations causing a meltdown operationally, but making the books as profitable as possible. Those new iPads we were told about months ago that are years overdue are nowhere to be seen except for new hires. We were grossly understaffed before, and have let it get worse, and the company won't lift a finger to properly fund and manage any of our departments. Resources are nowhere to be found, and money attention and financial influx is needed in so many areas that are being willfully ignored. This is not on purpose. We can pretend that management is utterly inept and useless, we can absolutely pretend that. However that is a false and grave misstep in the reality.
But…. If I remember what I’ve read in the past, those things are usually indicative of being sold…. Not the buyer or a merger.
#83
Or maybe reducing the debt so you have enough cash to pay cash. JB made a cash money offer for Spirit. Money talks and BS walks. What better way to save money for a cash offer than to screw its entire workforce or proper pay or resources.
#84
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Joined: May 2016
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From: 737 tiller master
It's been awhile since we had anyone who truly cared and possessed even a hint of leadership in that office. Most are/have been just like Kapos during the holocaust. They were despised by their own people and disrespected by the Nazis. I've never met the new guy but from his past actions, he's another Kapo.
#85
Prime Minister/Moderator

Joined: Jan 2006
Posts: 44,870
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From: Engines Turn or People Swim
Not necessary in a coordinated merger, although the two management teams would naturally hash out what they'd like to see from each other in the run up to the Big Announcement, and that could hypothetically be cash and/or cost savings.
Sold, yes they probably want cash on hand rather than stuff like new ipads. They definitely don't need brand loyalty in that case either, so no need at all to take care of the customers with schedule integrity.
However... union CBA's are an important line-item on the balance sheet, it's often preferred that those be settled before a deal is done just so the buyer knows what he's getting into and can do his merger math. Especially for pilot CBA's, which are a very large line item. I know deals are done with CBA's outstanding but it's usually not preferred. Although maybe they sense that in order to ink a CBA quickly they'd have to raise the bar higher than they'd really like to.
#86
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You're right it's not necessary if you're the buyer, although I suppose if it was hostile-ish you might need every dime for the war-chest.
Not necessary in a coordinated merger, although the two management teams would naturally hash out what they'd like to see from each other in the run up to the Big Announcement, and that could hypothetically be cash and/or cost savings.
Sold, yes they probably want cash on hand rather than stuff like new ipads. They definitely don't need brand loyalty in that case either, so no need at all to take care of the customers with schedule integrity.
However... union CBA's are an important line-item on the balance sheet, it's often preferred that those be settled before a deal is done just so the buyer knows what he's getting into and can do his merger math. Especially for pilot CBA's, which are a very large line item. I know deals are done with CBA's outstanding but it's usually not preferred. Although maybe they sense that in order to ink a CBA quickly they'd have to raise the bar higher than they'd really like to.
Not necessary in a coordinated merger, although the two management teams would naturally hash out what they'd like to see from each other in the run up to the Big Announcement, and that could hypothetically be cash and/or cost savings.
Sold, yes they probably want cash on hand rather than stuff like new ipads. They definitely don't need brand loyalty in that case either, so no need at all to take care of the customers with schedule integrity.
However... union CBA's are an important line-item on the balance sheet, it's often preferred that those be settled before a deal is done just so the buyer knows what he's getting into and can do his merger math. Especially for pilot CBA's, which are a very large line item. I know deals are done with CBA's outstanding but it's usually not preferred. Although maybe they sense that in order to ink a CBA quickly they'd have to raise the bar higher than they'd really like to.
#87
Prime Minister/Moderator

Joined: Jan 2006
Posts: 44,870
Likes: 668
From: Engines Turn or People Swim
Yes, could explain why they are stalling. CBA's might matter, depending on the circumstances. More so in something like a sale to new owners vice a merger. In the former the buyer would want to know that he can operate without losing money and an open pilot CBA would create uncertainty.
#90
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Joined: Jun 2021
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