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Mergers and Acquisitions Facts, rumors, and conjecture

Done Deal?

Old 04-15-2008 | 08:59 AM
  #21  
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[quote=flyguy1012;364347]
Originally Posted by hiflyer
"Furlough protection—with certain exceptions, no pilot may be furloughed as a result of the merger for a period from merger announcement until 24 months after the close of the merger".
What does "with certain exceptions" means. Who is the exception exactly?
The usual stuff = force majeure.
War, natural disaster, strikes, grounding of an entire fleet by the FAA, etc. etc.
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Old 04-15-2008 | 09:23 AM
  #22  
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[quote=flyguy1012;364347]
Originally Posted by hiflyer
"Furlough protection—with certain exceptions, no pilot may be furloughed as a result of the merger for a period from merger announcement until 24 months after the close of the merger".

What does "with certain exceptions" means. Who is the exception exactly?

That what the lawyers tell them to say so that they cannot be sued for saying "there won't be any furloughs" in the event there are...
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Old 04-15-2008 | 11:29 AM
  #23  
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Originally Posted by atpcliff
Hi!

Another poster said $80K per DAL pilot.

cliff
GRB
How does that work? Based on seniority/pay, or does everyone get the same amount?
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Old 04-15-2008 | 03:04 PM
  #24  
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I thought the equity is just DAL stock distributed among the ranks. Correct me if i'm wrong. I don't think it's a payout like the pension bailout during BK.
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Old 04-15-2008 | 08:09 PM
  #25  
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Originally Posted by Slice
Furlough protection—with certain exceptions, no pilot may be furloughed as a result of the merger for a period from merger announcement until 24 months after the close of the merger.

Does that include guys still on probation?
So the furloughs would begin after the 24 months?wow what a deal !
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Old 04-15-2008 | 08:19 PM
  #26  
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Originally Posted by DYNASTY HVY
So the furloughs would begin after the 24 months?wow what a deal !
No. DAL is doubling the 777 fleet by next year. That means they need 400 additional pilots just for that. For every 10 777s you can add roughly 400 pilots. They are also getting more 737s and 757s. NWA is getting the 787. There will be a requirement for more pilots. And BTW, what furlough protection do you have at your airline that's ironclad?
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Old 04-15-2008 | 08:29 PM
  #27  
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Originally Posted by DAL4EVER
No. DAL is doubling the 777 fleet by next year. That means they need 400 additional pilots just for that. For every 10 777s you can add roughly 400 pilots. They are also getting more 737s and 757s. NWA is getting the 787. There will be a requirement for more pilots. And BTW, what furlough protection do you have at your airline that's ironclad?
None! but then again I haul boxes and I hope this works out ,time will tell in the long run.
Hope it doesnt turn into another AWA/USAir deal.
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