The AirTran Pilots' Windfall and SLI
02-05-2011 | 08:57 AM
#692
Works Every Weekend
Joined: Dec 2007
Posts: 3,506
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From: 737 ATL
That's the main source of their confidence.
Arbitrators are like judges. They don't want to be "outliers". They love precedent.
02-05-2011 | 10:05 AM
#693
Gets Weekends Off
Joined: Jan 2006
Posts: 2,838
Likes: 0
Do you know what the ALPA Merger Policy is?
From Section 45 G. 5 of the ALPA Policy Manual.
5. The merger representatives shall carefully weigh all the equities inherent in their merger situation. In joint session, the merger representatives should attempt to match equities to various methods of integration until a fair and equitable agreement is reached, keeping in mind the following goals, in no particular order:
a. Preserve jobs.
b. Avoid windfalls to either group at the expense of the other.
c. Maintain or improve pre-merger pay and standard of living.
d. Maintain or improve pre-merger pilot status. e. Minimize detrimental changes to career expectations.
From Section 45 G. 5 of the ALPA Policy Manual.
5. The merger representatives shall carefully weigh all the equities inherent in their merger situation. In joint session, the merger representatives should attempt to match equities to various methods of integration until a fair and equitable agreement is reached, keeping in mind the following goals, in no particular order:
a. Preserve jobs.
b. Avoid windfalls to either group at the expense of the other.
c. Maintain or improve pre-merger pay and standard of living.
d. Maintain or improve pre-merger pilot status. e. Minimize detrimental changes to career expectations.
Last edited by RedeyeAV8r; 02-05-2011 at 10:25 AM.
02-05-2011 | 10:45 AM
#694
Gets Weekends Off
Joined: Aug 2006
Posts: 1,385
Likes: 0
From: 737 Right
My neighbor is a senior AirTran type. He's not a union insider but he knows them all. He passed along the following rumor:
He says the AirTran people are mostly just sitting back and watching.
The Southwest pilots are starting to develop factions based on seniority. They are pretty much negotiating with themselves right now and the fear of what an arbitrator will do is driving them to make concessions to themselves.
Meanwhile, the AirTran merger team is methodically preparing for the hearings.
They're confident. They believe their case is strong.
He says the AirTran people are mostly just sitting back and watching.
The Southwest pilots are starting to develop factions based on seniority. They are pretty much negotiating with themselves right now and the fear of what an arbitrator will do is driving them to make concessions to themselves.
Meanwhile, the AirTran merger team is methodically preparing for the hearings.
They're confident. They believe their case is strong.
This board and this thread in particular seem to have very little bearing on the actual reality at SWA. This thread would have died weeks ago except for the incesent bumping by Tsquare and other DAL agitators.
They have only succeeded in trolling for the few SWA dudes who still post here. The "self-selection" bias is evident.
You guys keep repeating "relative seniority" to each other over and over again...and click your ruby slipper together while you do it.
02-05-2011 | 10:48 AM
#695
Gets Weekends Off
Joined: Aug 2006
Posts: 1,385
Likes: 0
From: 737 Right
Do you know what the ALPA Merger Policy is?
From Section 45 G. 5 of the ALPA Policy Manual.
5. The merger representatives shall carefully weigh all the equities inherent in their merger situation. In joint session, the merger representatives should attempt to match equities to various methods of integration until a fair and equitable agreement is reached, keeping in mind the following goals, in no particular order:
a. Preserve jobs.
b. Avoid windfalls to either group at the expense of the other.
c. Maintain or improve pre-merger pay and standard of living.
d. Maintain or improve pre-merger pilot status. e. Minimize detrimental changes to career expectations.
From Section 45 G. 5 of the ALPA Policy Manual.
5. The merger representatives shall carefully weigh all the equities inherent in their merger situation. In joint session, the merger representatives should attempt to match equities to various methods of integration until a fair and equitable agreement is reached, keeping in mind the following goals, in no particular order:
a. Preserve jobs.
b. Avoid windfalls to either group at the expense of the other.
c. Maintain or improve pre-merger pay and standard of living.
d. Maintain or improve pre-merger pilot status. e. Minimize detrimental changes to career expectations.
I missed the part in there where it said "RELATIVE SENIORITY WILL OVERRULE ALL OTHER POSSIBLE CONSIDERATIONS AND FACTORS".
02-05-2011 | 11:07 AM
#696
Gets Weekends Off
Joined: Feb 2006
Posts: 1,242
Likes: 0
Do you know what the ALPA Merger Policy is?
From Section 45 G. 5 of the ALPA Policy Manual.
5. The merger representatives shall carefully weigh all the equities inherent in their merger situation. In joint session, the merger representatives should attempt to match equities to various methods of integration until a fair and equitable agreement is reached, keeping in mind the following goals, in no particular order:
a. Preserve jobs.
b. Avoid windfalls to either group at the expense of the other.
c. Maintain or improve pre-merger pay and standard of living.
d. Maintain or improve pre-merger pilot status. e. Minimize detrimental changes to career expectations.
From Section 45 G. 5 of the ALPA Policy Manual.
5. The merger representatives shall carefully weigh all the equities inherent in their merger situation. In joint session, the merger representatives should attempt to match equities to various methods of integration until a fair and equitable agreement is reached, keeping in mind the following goals, in no particular order:
a. Preserve jobs.
b. Avoid windfalls to either group at the expense of the other.
c. Maintain or improve pre-merger pay and standard of living.
d. Maintain or improve pre-merger pilot status. e. Minimize detrimental changes to career expectations.
02-05-2011 | 11:09 AM
#697
The Brown Dot +1
Joined: Jun 2009
Posts: 7,775
Likes: 0
From: 777B
02-05-2011 | 12:53 PM
#700
Line Holder
Joined: Mar 2007
Posts: 89
Likes: 0
From: F/O New Hire
By Kelly Yamanouchi
The Atlanta Journal-Constitution
5:22 p.m. Wednesday, February 2, 2011
AirTran Airways executives pushed for a bigger payout for shareholders over weeks of meetings with Southwest Airlines and were weighing potential options for alternatives just days before approving the merger deal.
But they concluded AirTrat didn’t have any options for other merger partners, according to a filing with the U.S. Securities and Exchange Commission. It offers a few new details about the pending deal that will put Southwest in Atlanta for the first time.
Southwest’s chief executive, Gary Kelly, first called Bob Fornaro, his counterpart at AirTran, last April 21 to launch merger discussions, the filing says.
Southwest offered $6.50 a share and AirTran countered with $8 a share, before the two sides settled on the $7.25 to $7.75 range that was part of the final deal announced in September.
At an AirTran board meeting in Atlanta on Sept. 21, AirTran financial advisor Morgan Stanley presented background on the airline’s efforts to grow, “and discussed its views regarding the lack of any other potential merger partners or financial buyers for AirTran.”
Among the reasons AirTran agreed to the deal, according to the filing, were the risks and competitive position of standing alone “in a consolidating, competitive industry,” and management’s view that “there were no realistic other potential candidates for an alternative business combination transaction.”
Terms of the deal were hashed out in late September and on Sept. 26 the boards of each airline approved.
Shareholder and regulatory approvals are pending, with an AirTran shareholder meeting set for March 23. According to the filing, several state antitrust officials have asked for information, but Georgia’s attorney general’s office, which does not have an antitrust section, is not among them.
AirTran and Southwest face several shareholder lawsuits seeking to block the deal and last week reached a memo of understanding to settle two of them. Details weren’t in the filing, but it said the deal called for additional disclosures to shareholders, along with payment of attorneys’ fees. The settlement would resolveclaims challenging the merger, according to the SEC filing.
The Atlanta Journal-Constitution
5:22 p.m. Wednesday, February 2, 2011
AirTran Airways executives pushed for a bigger payout for shareholders over weeks of meetings with Southwest Airlines and were weighing potential options for alternatives just days before approving the merger deal.
But they concluded AirTrat didn’t have any options for other merger partners, according to a filing with the U.S. Securities and Exchange Commission. It offers a few new details about the pending deal that will put Southwest in Atlanta for the first time.
Southwest’s chief executive, Gary Kelly, first called Bob Fornaro, his counterpart at AirTran, last April 21 to launch merger discussions, the filing says.
Southwest offered $6.50 a share and AirTran countered with $8 a share, before the two sides settled on the $7.25 to $7.75 range that was part of the final deal announced in September.
At an AirTran board meeting in Atlanta on Sept. 21, AirTran financial advisor Morgan Stanley presented background on the airline’s efforts to grow, “and discussed its views regarding the lack of any other potential merger partners or financial buyers for AirTran.”
Among the reasons AirTran agreed to the deal, according to the filing, were the risks and competitive position of standing alone “in a consolidating, competitive industry,” and management’s view that “there were no realistic other potential candidates for an alternative business combination transaction.”
Terms of the deal were hashed out in late September and on Sept. 26 the boards of each airline approved.
Shareholder and regulatory approvals are pending, with an AirTran shareholder meeting set for March 23. According to the filing, several state antitrust officials have asked for information, but Georgia’s attorney general’s office, which does not have an antitrust section, is not among them.
AirTran and Southwest face several shareholder lawsuits seeking to block the deal and last week reached a memo of understanding to settle two of them. Details weren’t in the filing, but it said the deal called for additional disclosures to shareholders, along with payment of attorneys’ fees. The settlement would resolveclaims challenging the merger, according to the SEC filing.
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