I've been hearing rumors that Bill Meehan is out as VP of Operations. It would be nice to see some accountability from this management group. As for the IPO, I think everyone is anxious to see what happens. I know several of my FOs are waiting to see if the grass is greener on the side as a public company, which could lead to a contract faster under mediation and investments in the company to improve the operation. F9 has potential but I don't think our current leadership has the ability or desire to turn this into a career airline, and the uncertainty of waiting for future ownership by another airline is too high risk. I'm with my FOs, it's time to make the effort to move on. If by some magic in the meantime we land a decent contract and positive changes are made to the operation, MAYBE it would be worth staying. But this place will probably never be better than the next airline you work for, so why wait.

 

He got ****canned on Friday. Good to see.

 

Really? Is there a link or email of some sort confirming...

 

I haven't seen anything remotely official to confirm he's been fired. And I've been looking around.

 

Off topic

But, kinda funny hijack situation w/ Quagmire on Family Guy this evening. Not sure if it was a rerun or 1st showing but not bad job. Nice dig at Spirit at the end as well...

 

Hey folks, sorry to interject. Just saw this article and was curious about the $2bil valuation they are shooting for the IPO. Does F9 own all of its fleet? Or leased?

VX was about $1.6bil valuation before the crazy bidding war began, but they had some high priced real estate in SFO.

 

To my knowledge all of "our" aircraft and future aircraft orders are leased-back after being sold to GE Capital.

The only valuable real estate F9 had was in Denver, and our management volunteered to cut the number of gates in half; at the same time every newspaper was claiming Denver as the fastest growing city in the U.S. There is no long-term vision for this company, it exists solely for short-term profits.

 

Just like my airline (SPIRIT). Match made in hell

 

Stock valuation never makes much sense. Uber is worth a market cap of 65 Billion, and has zero assets except maybe a couple rented office buildings. GM, which has huge car factories all over the world is worth 50 Billion. I wouldn't over think it. Investors either like it or they don't. Amazon is worth more than almost all the brick and mortar retail stores put together.

If Frontier is worth 2 Billion to investors, then Indigo made a heck of a profit buying us for 150 million. Kind of makes a few tarmac delays seems inconsequential, doesn't it?

 

You didn't address the question to me but I'll answer it anyway.

No. For an operation of our size to have that many tarmac delays during one minor snow event, it is ridiculous and scary. It is not inconsequential.