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Old 11-19-2024 | 12:37 PM
  #171  
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Originally Posted by Born2FlyAv8R
agreed, stapling won’t happen to active pilots. I disagree with the second part though. While I do agree that the furloughed pilots will probably get stapled, I also believe that active pilots have a good Chance of being integrated fairly on a list. I’ve read through the entire merger policy, I don’t believe active spirit pilots will be total EFFED on an SLI.
I think the part that some are missing is that MANY of the FURLOUGHED pilots will be senior to the most junior of the acquiring airline.
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Old 11-19-2024 | 12:59 PM
  #172  
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Originally Posted by rickair7777
M&A looks like the best plan, and F9 is the girl with low-cut dress and mini skirt who ended up alone by herself in the corner. "Wanna Dance?" But of course the girl absolutely doesn't absolutely need to dance, she can make sure he's got the beer and rubbers in his the car before agreeing to anything.
That metaphor was pretty detailed. Without the beer and rubbers analogy I would have been lost.
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Old 11-19-2024 | 12:59 PM
  #173  
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Originally Posted by dracir1
I think the part that some are missing is that MANY of the FURLOUGHED pilots will be senior to the most junior of the acquiring airline.
Are you making a point that the currently furloughed Spirit pilots are senior to Frontier pilots now, or that in a hypothetical future SLI the furloughed pilots of Spirit would be placed ahead of non furloughed Frontier pilots?
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Old 11-19-2024 | 01:25 PM
  #174  
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Originally Posted by Stayontarget
Are you making a point that the currently furloughed Spirit pilots are senior to Frontier pilots now, or that in a hypothetical future SLI the furloughed pilots of Spirit would be placed ahead of non furloughed Frontier pilots?
i’m pretty sure no one believes that the furloughed spirit pilots would be senior to the active frontier pilots in an SLI
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Old 11-19-2024 | 02:41 PM
  #175  
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Originally Posted by Powderkeg
What NK has done that F9 has not:

-heavily leveraged the business
-bought and operated older airplanes
-didn't have Indigo's purchase power advantage when ordering new airplanes
-has not, until recently, been taking advantage of SLB transactions
-operated a higher percentage of smaller airplanes
-operated a smaller percentage of NEO airplanes
-lost the coin flip when opting for P&W NEO airplanes
-built a multi-hundred million dollar new corporate campus
-spent millions on multiple failed mergers
That's a good summary and I believe that's all accurate. Thanks for the post.
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Old 11-19-2024 | 02:42 PM
  #176  
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Originally Posted by dracir1
I think the part that some are missing is that MANY of the FURLOUGHED pilots will be senior to the most junior of the acquiring airline.
What makes your say that? Unless I'm misunderstanding you or you typo'd?
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Old 11-19-2024 | 02:45 PM
  #177  
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Originally Posted by Born2FlyAv8R
i’m pretty sure no one believes that the furloughed spirit pilots would be senior to the active frontier pilots in an SLI
So I suppose that NK will furlough soon. To what extent, no one knows but it's imaginable that it may affect guys with 5, 6 maybe even 7 years on property. In the meantime, F9 will keep hiring.

At some future date, let's say F9 finds a way to acquire NK via some extreme discount and a SLI is necessary. According to ALPA, those on property at both airlines get integrated via the current relative seniority rules (the zipper effect). There will be some that are disgruntled about that but not much will be lost/gained in the process. That SLI will leave everyone equally ****ed off.

Immediately following, all the furloughed get stapled and those 5, 6 and 7 year furloughees will be junior to F9 guys who have way less time on property (guys who F9 hasn't even hired as of the time of this post).

Those MORE JUNIOR F9ers will upgrade and potentially fly w/ the furloughees. This is EXACTLY what happened with UA/Cont SLI.

Did I miss something?
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Old 11-19-2024 | 02:51 PM
  #178  
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Originally Posted by dracir1
So I suppose that NK will furlough soon. To what extent, no one knows but it's imaginable that it may affect guys with 5, 6 maybe even 7 years on property. In the meantime, F9 will keep hiring.

At some future date, let's say F9 finds a way to acquire NK via some extreme discount and a SLI is necessary. According to ALPA, those on property at both airlines get integrated via the current relative seniority rules (the zipper effect). There will be some that are disgruntled about that but not much will be lost/gained in the process. That SLI will leave everyone equally ****ed off.

Immediately following, all the furloughed get stapled and those 5, 6 and 7 year furloughees will be junior to F9 guys who have way less time on property (guys who F9 hasn't even hired as of the time of this post).

Those MORE JUNIOR F9ers will upgrade and potentially fly w/ the furloughees. This is EXACTLY what happened with UA/Cont SLI.

Did I miss something?
Nope, unless you misunderstood my comment, I wasn’t responding to you. I was agreeing with you, I was responding to somebody else.
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Old 11-19-2024 | 02:52 PM
  #179  
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Originally Posted by dracir1
So I suppose that NK will furlough soon. To what extent, no one knows but it's imaginable that it may affect guys with 5, 6 maybe even 7 years on property. In the meantime, F9 will keep hiring.

At some future date, let's say F9 finds a way to acquire NK via some extreme discount and a SLI is necessary. According to ALPA, those on property at both airlines get integrated via the current relative seniority rules (the zipper effect). There will be some that are disgruntled about that but not much will be lost/gained in the process. That SLI will leave everyone equally ****ed off.

Immediately following, all the furloughed get stapled and those 5, 6 and 7 year furloughees will be junior to F9 guys who have way less time on property (guys who F9 hasn't even hired as of the time of this post).

Those MORE JUNIOR F9ers will upgrade and potentially fly w/ the furloughees. This is EXACTLY what happened with UA/Cont SLI.

Did I miss something?
however, I don’t see Spirit furloughing six or seven year pilots. I feel the furloughs are done. If they furlough up to six or seven pilots, they won’t be many pilots left.
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Old 11-19-2024 | 03:14 PM
  #180  
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Originally Posted by Noisecanceller
What pieces exactly? Everything is leased. There’s nothing to sell. There are very few hard assets worth money in a liquidation. This is exactly why the bond holders already agreed to equity in place of their $2billion in debt. They are also putting up cash to move forward. There is a next to zero chance spirit is sold into pieces. It only has value as a complete enterprise which is why the bond holders are on board already for this prepackaged bankruptcy

Sold yes but not in pieces
I didn't say sell, I said acquired. Big difference. The bond holders (a "supermajority", not all of them) are "on board" because they are totally screwed and they are accepting anything at this point. The one certainty, proven by the BK filing, is there is no value (by definition of bankruptcy) "as a complete enterprise". There are so many pieces that don't work and won't work.
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