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20 October SLI transcript

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Old 10-24-2008 | 07:25 AM
  #61  
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Yes, but you need to define what he meant by it.
Equals as it does not matter what you fly, or equals pertaining to the type and gauge of airplanes being flown, or equals financially. It is a clear warning but is still very vague. (As I am sure it was meant to be.)
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Old 10-24-2008 | 09:11 AM
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Originally Posted by capncrunch
This is a merger of equals, you'd better get used to it or the arbitrated ruling is going to hurt.
Equals??? Delta has 2000+ more pilots and almost DOUBLE the intl block hours. Hardly equals!

Delta guy
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Old 10-24-2008 | 09:23 AM
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The companies are equals. Like I said, there is a lot of ways to interpret what he was really meaning. I am sure it was said in a way that had a lot of meaning for both sides. It is a scare tactic to get us to work this out by ourselves.
There are facts to support both sides of the argument, but some facts are stronger than others.
Going to the wire on this is really in essence putting all of our careers and expectations on the line. They can come out with anything. If we negotiate it, yes, we will all give up more than we thin we should, but at the end of the day you know what you are going to get.
This is the very reason that many court cases are settled outside of the court room. We are playing with fire.
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Old 10-24-2008 | 09:35 AM
  #64  
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Originally Posted by Carl Spackler
I have heard an interesting rumor though. Given your thesis above, the rumor is that there already is a negotiated list. A combination of the two proposals. However, unless both sides got to see how extreme the list could have been, there would be no hope of seeing the negotiated list as positive by anyone. The theory is that both MEC's could live with the following conversation by their members: "Yes this negotiated list sucks, but it's a hell of a lot better than that DAL/NWA proposal would have been!"

Carl
Carl,

Heard the same thing from a previous red merger committee guy (yes I know vague, but Carl will know who I'm talking about Delta guys) who thought we had a list even prior to LA.

I'm sure both our law firms have professional jury watchers on retainer, and they are watching the 3 wise men closely for a vibe. I think that will tweek one side or the other to do a last minute move and we will be done.

Expensive way to do it. How many lawyer and judge days for us pay for?

Ferd
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Old 10-24-2008 | 09:37 AM
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Originally Posted by tomgoodman

If there is a "deal", that's the way they should play it -- preferably revealing the compromise just before the arbitrators act. It would minimize the wailing and gnashing of teeth, and prevent something even less satisfactory from being imposed. Then it will be up to the membership to do their part: restraint of tongue and keyboard. I fully support the right of free speech, but not everything that can be said should be said.
Tom,

Dead on and well said. Always glad to see your sage advice on here.

Ferd
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Old 10-24-2008 | 09:44 AM
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It is my understanding that Delta Air Lines, Inc. is paying for the associations merger and acquisition costs.
But, Fred you are correct. We are really close on a negotiated list. It will make us accountable. Even if I do not like what it turns out to be. I will give both Merge committees and MEC's a ton of credit for doing it. It is a very tough spot to be in for all of those individuals.

BTW are you talking about LAZ?
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Old 10-24-2008 | 09:55 AM
  #67  
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Originally Posted by acl65pilot
It is my understanding that Delta Air Lines, Inc. is paying for the associations merger and acquisition costs.
But, Fred you are correct. We are really close on a negotiated list. It will make us accountable. Even if I do not like what it turns out to be. I will give both Merge committees and MEC's a ton of credit for doing it. It is a very tough spot to be in for all of those individuals.

BTW are you talking about LAZ?
No, Laz is green.

Yes, I agree, we need to be accountable for our futures. This is going to be a killer airline! The first Flag carrier since Pan Am. But, we will all need to take a little bitter with the sweet and press on. In the words of Jimmy Buffet..........."breath in, breath out, move on."

Fred
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Old 10-24-2008 | 09:59 AM
  #68  
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Originally Posted by Cogf16
Equals??? Delta has 2000+ more pilots and almost DOUBLE the intl block hours. Hardly equals!

Delta guy
NWA is more profitable, has more cash, and has a higher market cap.

You're right Cog...hardly equals.

Carl
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Old 10-24-2008 | 10:01 AM
  #69  
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Originally Posted by acl65pilot
The companies are equals. Like I said, there is a lot of ways to interpret what he was really meaning. I am sure it was said in a way that had a lot of meaning for both sides. It is a scare tactic to get us to work this out by ourselves.
There are facts to support both sides of the argument, but some facts are stronger than others.
Going to the wire on this is really in essence putting all of our careers and expectations on the line. They can come out with anything. If we negotiate it, yes, we will all give up more than we thin we should, but at the end of the day you know what you are going to get.
This is the very reason that many court cases are settled outside of the court room. We are playing with fire.


And in most cases, the settlement isn't reached until just before the judge/jury rules.

Carl
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Old 10-24-2008 | 10:21 AM
  #70  
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I know, and that is where we are.
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