Delta Northwest Merger
 

Atlanta papers are reporting that it is a done deal. Tuesday announcement. Anybody have any info??

Anyone know about the seniority integration?

Rumors say that the top 30% will be DOH, but after that, it looks like the junior guys/gals will get shafted.

I have alot of good friends at both places, and I hope everything works out..

This industry stinks!, but it still beats working!

I'd be real interested to see how much $$$ management scores out of this. They don't do anything unless it lines their pockets some more..........:mad:

Any idea of the implications to Scope and Successorship with the original thread's "rumor".

Thanks,

FF

This is only going to turn out good for the shareholders.....labor groups will get shafted.

Yes, here's the scoop.

Delta finished their income taxes and will file on Tuesday, the 15th of April.

It has been a few years since they made a profit and no one could remember how to file "income" taxes. But, they got it figured out, made the copies and wrote the check. Richard Anderson will be standing in line at the Hapeville Post Office on Tuesday.

Very Funny.

All of that good news should be out in the next few days. The official announcement from the company needs to come first. You may get that tonight.

I can assure you the DOH rumor for the top 30% is false. In fact there is no list at all as of Monday morning and it does not look like there will be one tomorrow. DOH is not part of ALPA merger policy and neither side opened or asked for DOH in the prior merger talks. NWA'a opener was in fact far worse then DOH for Delta pilots. The merger will follow the conventional route. We will both sit down and try and work out a joint contract with the company. At the same time the merger committees will begin SLI talks. If a list is not agreed on then it will go to mediation. If that does not work it will go to Arbitration. Per the Delta pilot contract if there is not an agreement within 1 year the company can force it to arbitration at that point. Arbitration itself can take from 1 to 2 years depending on availability of the arbitrators and how fast they render a decision. I would expect we are looking at at least two years for a combined list. Until that point the airlines will operate as separate operations. If the list does go to arbitration the arbitrator must use the tenets of ALPA merger policy. They are as follows.

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.”

Clearly there will be major differences on each side on how to follow those tenents. I would give it less then a 10 percent chance of not going to arbitration.

very good of you.
Now wait for the details...

It is a good summation though.

Latest Rumor
 

Don't shoot, I'm just the messanger.




Delta, Northwest Sign Off on Deal
Monday April 14, 7:52 pm ET
By Harry R. Weber, AP Business Writer

Delta, Northwest Directors Sign Off on Airlines' Combination

ATLANTA (AP) -- A person familiar with the negotiations says Delta Air Lines' and Northwest Airlines' directors have approved a deal for Delta to take over Northwest and create the world's biggest carrier.
The person, who spoke on condition of anonymity because an official announcement was expected later Monday, said the boards of both companies gave the deal the go-ahead.
The announcement will come a year after the two carriers emerged from Chapter 11 bankruptcy protection. Both carriers are losing money again but are in much better shape than the four much-smaller airlines that have filed for bankruptcy or gone out of business in recent weeks.
The deal will need antitrust approval, and integrating the work forces of fully unionized Northwest and Delta, where pilots are currently the only major unionized work group, will be tricky.