F9er

Republic Pilots, represented by the IBT, informed by Republic Holdings CEO Bryan Bedford at a Pilot meeting that their seniority list would not be merged with F9’s. Bedford states that if the Republic Pilots refuse to allow for separate lists he will not take controlling interest (but will still be the majority investor) in Frontier so as not to trigger the IBT’s Scope provisions.

ToiletDuck

Being a majority investor and not having controlling interest doesn't make sense. It doesn't matter what he does with the company if he purchases 100% at the beginning that's all that's required for the contract to take affect.

On another note where's the letter to the pilots this thread title was hinting to?

alvrb211

Nice!

Al

ToiletDuck

You want the list to be merged. If not you're just inviting whipsaw like no other.

JetJock16

If he purchases 49% and there are two other investors, one with 25% the other 26%, then he is the majority investor but doesn't technically have controlling interest.

planediveguy

That is correct. BB has expressed to us in a "Town Hall Meeting" style podcast that he has no intentions whatsoever in merging seniority lists with F9. He said that he wants to negotiate this with the IBT first, and if no agreement is made he would relinquish control of F9 in order to prevent the training costs nightmare and the bitter reaction from F9 pilots.

The IBT will probably not go for that. But they will go for putting up fences in order to protect the F9 guys/girls seats. Also BB mentioned that he would like to see a deal where if growth is achieved in the F9 or RW certificates, then instead of hiring from the street, he would like to see pilots to be able to bid for that across certificates. If we buy more Airbuses, then RW guys would have first pick to bid for those FO positions, and if more 190's come in then F9 people could probably upgrade on this side of the fence...

Let's see what happens... who knows, WN can bid, purchase and then shut down their competition....

Mason32

the term majority investor simply means he will be the single investor with the largest share of the company.... it could be 10%, it could be 49%.... as long as it is less than 51% he does not have controlling interest in the company. So, assuming he buys 49%, the remianing 51% could be owned by hunders of thousands of small investors....

Mason32

Exactly.............

Mason32

Dangle that Carrot.... it's fooled everybody at every other airline that did it too.... and you see where it got them... "IF" you do it, be sure to learn from the coutless mistakes made by dozens of other airlines that bought into that type of "promise."

ToiletDuck

Touch'. I wasn't thinking clearly along those lines.