The AirTran Pilots' Windfall and SLI
#33
#34
Gets Weekends Off
Joined APC: Oct 2009
Posts: 224
To clarify the misconception here...Guadalupe Holdings will be merged with Airtran Holdings, which will create a wholly-owned subsidiary of Southwest Airlines. If Southwest choses to operate this new company as a wholly-owned, and SWAPA agrees to waive the 24-month limit on this scenario, there is nothing requiring any SLI as Bond-McCaskill would not apply.
While this is not ideal for anybody, its an excellent way to ensure the Airtran pilots' "landgrab" mentality doesn't fracture the culture that has allowed SWA to enjoy its success for so many years.
The bottom line is this- Play nice and everyone wins. Enjoy the lottery!!
While this is not ideal for anybody, its an excellent way to ensure the Airtran pilots' "landgrab" mentality doesn't fracture the culture that has allowed SWA to enjoy its success for so many years.
The bottom line is this- Play nice and everyone wins. Enjoy the lottery!!
Here's what Southwest says about operating AirTran as a subsidiary ie. not integrating the operations. From the SEC filing Form 10-Q on 10/22/10.
" If the acquisition is completed, any failure to effectively integrate AirTran’s business could delay or prevent Southwest’s ability to achieve the anticipated benefits of transaction."
On the other hand; perhaps they'll decide to forgo the profits and risk being sued by the shareholders .... To stop you whining.
#36
Gets Weekends Off
Joined APC: Jun 2009
Posts: 5,113
#39
Gets Weekends Off
Joined APC: Jun 2009
Posts: 5,113
I'll assume you're correct, which makes the theory of running separate companies nothing more than a quaint fantasy. It's not easy to merge with another group, but at some point one has to get beyond anger and denial. Then you can move on to bigger and better things, like understanding the fact each side brings equity to the table. Regardless of whether the individual pilot manages to make the mental leap, the arbitrator will find a way.
My compliments to my Northwest brothers from another mother, that defended their interests as much as we defended ours, but for the most part are looking forward. It's not so bad when we're busy arguing about IT systems.
And good luck to the LUV/AAI group in finding some common ground, and moving past the "lottery" b.s.
My compliments to my Northwest brothers from another mother, that defended their interests as much as we defended ours, but for the most part are looking forward. It's not so bad when we're busy arguing about IT systems.
And good luck to the LUV/AAI group in finding some common ground, and moving past the "lottery" b.s.
#40
On Reserve
Thread Starter
Joined APC: Oct 2006
Position: 737 FO
Posts: 20
Its should not be relevant what the AAI contract does or doesn't allow. Particularly a contract that started as an agreement in principle in which Gary Kelly himself (at the NMB in DC) urged both sides to agree on. IF SWA were to violate the 18-month limit on seperate ops, and ATN ALPA were to seek a court injunction (as the ATN ALPA VC has said will happen), do you think a judge will enforce the language of the acquired pilot groups' brand new contract?
If the 737's (which will very soon become the property of SWA) were to come to the SWA side, AT would strictly be a 717 operator. By nature of this fact, it would be seperate in an operational sense.
While I appreciate the 400 points for advanced flaming, I'm just trying to point out some realities. Guadalupe Holdings and the structure of the acquisition seem to allow for alternate avenues should anything threaten to deteriorate the strong culture SWA is built on.
If the 737's (which will very soon become the property of SWA) were to come to the SWA side, AT would strictly be a 717 operator. By nature of this fact, it would be seperate in an operational sense.
While I appreciate the 400 points for advanced flaming, I'm just trying to point out some realities. Guadalupe Holdings and the structure of the acquisition seem to allow for alternate avenues should anything threaten to deteriorate the strong culture SWA is built on.
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07-21-2008 07:42 PM