United Airlines Takes New Strength Into Talks
04-22-2010, 01:41 AM
#11
Gets Weekends Off
Joined APC: Aug 2006
Posts: 1,815
Originally Posted by LifeNtheFstLne
I think that your proposed longevity for UAL furloughees will be one of the most divisive issues between our two pilot groups, if it comes to that. Perhaps I'm stating the obvious, but I'm echoing my coworker's sentiment. I'm not saying what's right, wrong, fair, whatever... I'm just talking. It would be a crushing blow to me personally, so naturally I'm a bit biased. How many years of ACTIVE service do the most senior UAL furloughees have?
The SLI won't be determined by us pilots anyways
04-22-2010, 09:09 AM
#12
Gets Weekends Off
Joined APC: Oct 2006
Position: 737
Posts: 590
Originally Posted by Shrek
Couple more things that need to be in place if Tilty wants his payday......
*Longevity for ALL furloughees
*50 seat scope remains
*Industry leading contract........no concessions (keep and strengthen UAL work rules and keep and strengthen CAL pay in the joint contract)
*All furloughees are recalled (keeping 50 seat scope will do this)
*Unrestricted stock in the combined company
*A no furlough clause that works........
Not necessarily in that order
*Longevity for ALL furloughees
*50 seat scope remains
*Industry leading contract........no concessions (keep and strengthen UAL work rules and keep and strengthen CAL pay in the joint contract)
*All furloughees are recalled (keeping 50 seat scope will do this)
*Unrestricted stock in the combined company
*A no furlough clause that works........
Not necessarily in that order
What do you mean by Unrestricted stock in the combined company? Was there a limit an employee could purchase through a stock purchase plan?
04-22-2010, 01:04 PM
#13
Ben Salley
Joined APC: Feb 2006
Position: Left
Posts: 924
Originally Posted by Shrek
Couple more things that need to be in place if Tilty wants his payday......
*Longevity for ALL furloughs
*Longevity for ALL furloughs
Wishful thinking.The announcement that USAir is out of play is great news to the CAL pilot group. Puts CAL squarely in the driver's seat. I'd like to see a "merger of equals" with UAL, but that's just not the case right now. If UAL recalled all furlouhgee's, got their scope fixed, stopped bleeding cash, I'd love to get some of that great UAL unionism on CAL property; we really need it. We don't need furloughs with more longevity than our jr CA's and 90 seat rj's flying hub-to-hub. With the USAir prospect dead, why in the world would we merge with UAL? This deal is DEAD.
04-22-2010, 01:48 PM
#14
Line Holder
Joined APC: Nov 2008
Position: Boeing
Posts: 52
Originally Posted by A320fumes
Wishful thinking.The announcement that USAir is out of play is great news to the CAL pilot group. Puts CAL squarely in the driver's seat. I'd like to see a "merger of equals" with UAL, but that's just not the case right now.
With the USAir prospect dead, why in the world would we merge with UAL? This deal is DEAD.
UAL CAL Stock for Stock Merger
By Zachary R. Mider, Mary Schlangenstein and Mary Jane Credeur
April 22 (Bloomberg) -- UAL Corp.’s United Airlines and Continental Airlines Inc. are considering a stock-for-stock merger with no market premium, said two people with knowledge of the talks, creating a company valued at more than $6 billion.
UAL Chief Executive Officer Glenn Tilton, 62, would become chairman while Continental CEO Jeff Smisek, 55, would become CEO, said the people, who asked not to be identified because the details are private. The terms aren’t final and a deal may be more than a week away, the people said.
Other directors and executives at the combined airline also may be drawn from the board and management at both companies, the people said. Most of those appointments have yet to be worked out, one of the people said.
Based on today’s closing stock prices, the merged carrier would have a market value of $6.6 billion. UAL’s value was about $3.64 billion and Houston-based Continental’s was about $2.98 billion, according to data compiled by Bloomberg. UAL jumped as much as 89 cents, or 4.1 percent, to $22.60 at 4:42 p.m. after the close of regular Nasdaq Stock Market trading. Continental slid as much as 46 cents, or 2.1 percent, to $20.97 on the New York Stock Exchange.
Jean Medina, a spokeswoman for Chicago-based United, declined to comment. A message left with Continental’s Julie King wasn’t immediately returned.
The discussions were described today after US Airways Group Inc. said it had ended merger talks with United. People familiar with those negotiations said Tempe, Arizona-based US Airways withdrew after concluding that United was more interested in pursuing a tie-up with Continental.
United and US Airways began discussions in mid-February, and the United-Continental talks started this month, people have said.
To contact the reporter on this story: Zachary R. Mider in New York at [email protected]; Mary Schlangenstein in Dallas at [email protected]y Jane Credeur in Atlanta at [email protected]
04-22-2010, 02:02 PM
#16
Gets Weekends Off
Joined APC: Aug 2006
Posts: 1,815
Originally Posted by contrail67
What do you mean by Unrestricted stock in the combined company? Was there a limit an employee could purchase through a stock purchase plan?
04-22-2010, 05:21 PM
#17
Line Holder
Joined APC: Aug 2007
Position: Guppy driver
Posts: 30
OK, let's see here...
I agree, and for United pilots too.
Umm, false.
Also false. This could easily be done a la DAL/NW if everyone behaves.
Not bloody likely, but it better happen before CAL does any more hiring.
70 is the new 50...get used to it.
Inaccurate.
Yes you do.
You mean furloughees? Don't worry, I bet your left seats end up safe.
Inaccurate. You must have us confused with USAir.
Because long term we we will all end up much better off together than separate, with an a$$ kicking route structure and more opportunity for all of us. Oh, and false.
BTW, do you guys still have those hot breakfast sandwiches? I've always been treated like family on CAL. I hope it works out for everyone.
Cheers,
Taco
Originally Posted by A320fumes
The announcement that USAir is out of play is great news to the CAL pilot group.
Originally Posted by A320fumes
Puts CAL squarely in the driver's seat.
Originally Posted by A320fumes
I'd like to see a "merger of equals" with UAL, but that's just not the case right now.
Originally Posted by A320fumes
If UAL recalled all furlouhgee's,
Originally Posted by A320fumes
got their scope fixed,
Originally Posted by A320fumes
stopped bleeding cash,
Originally Posted by A320fumes
I'd love to get some of that great UAL unionism on CAL property; we really need it.
Originally Posted by A320fumes
We don't need furloughs with more longevity than our jr CA's
Originally Posted by A320fumes
90 seat rj's flying hub-to-hub.
Originally Posted by A320fumes
With the USAir prospect dead, why in the world would we merge with UAL? This deal is DEAD.
BTW, do you guys still have those hot breakfast sandwiches? I've always been treated like family on CAL. I hope it works out for everyone.
Cheers,
Taco
04-22-2010, 06:42 PM
#19
Ben Salley
Joined APC: Feb 2006
Position: Left
Posts: 924
Originally Posted by TacoTurbine
Also false. This could easily be done a la DAL/NW if everyone behaves.
I do have a lot of respect for your group as unionist, and think the combination would be a great airline. UAL is a great airline that I hope regains it's position as an industry leader. Just hope we can codeshare until all furloughees are recalled. From what I understand, we will be hiring by year's end. SLI with UAL's 1,400+ furloughees will be disastrous.
If we do in fact merge, I look forward to working with you guys after the SLI bloodbath.
04-22-2010, 07:08 PM
#20
Gets Weekends Off
Joined APC: Jan 2007
Posts: 225
Originally Posted by A320fumes
DAL and NWA had zero furloughees. 20% of your workforce is furloughed and .......
If we do in fact merge, I look forward to working with you guys after the SLI bloodbath.
If we do in fact merge, I look forward to working with you guys after the SLI bloodbath.
Carpe Diem
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