United Pulling Mesa Contract??
09-01-2009 | 07:49 PM
#101
Time to make the donuts!
Joined: Dec 2005
Posts: 303
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From: B737 FO
Would we rush to ALPA if ASA got some new flying? Personally, I don't think we would. How would this be much different?
I really think SkyWest acquiring Lynx from RAH is irrational on several levels. Had Southwest been awarded Frontier/Lynx, then I would be more convinced that this was imminent.
I think you overestimate our "solidarity" Rick. This furlough, no furlough, maybe furlough, I'm-senior-so-furlough-so-I-can-get-my-87-hours-a-month BS really opened my eyes to some of the selfish jerks we work with.
09-02-2009 | 05:18 AM
#102
Gets Weekends Off
Joined: Aug 2006
Posts: 876
Likes: 0
From: Captain, CRJ-200, ASA
09-02-2009 | 08:58 AM
#103
Gets Weekends Off
Joined: Feb 2009
Posts: 281
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From: I am the Stig
09-02-2009 | 05:03 PM
#108
Gets Weekends Off
Joined: Mar 2006
Posts: 2,963
Likes: 0
From: SkyWest Capt.
Not always true: When SKYW bought ASA part of the deal was a new extended fee-for-departure codeshare deal for both SKYW and ASA and that SKYW would hold back $100 mil. of the purchase price for one year or until the guaranteed terms of the codeshare agreement were affirmed in BK court (DAL had not yet declared, but all signs indicated it was imminent).
SKYW got their contract re-affirmed and DAL got their cash.
SKYW got their contract re-affirmed and DAL got their cash.
SkyWest Airlines
Quote:
"St. George, Utah – SkyWest, Inc.,(“SkyWest”) (NASDAQ:SKYW) announced today that it has entered into an agreement to acquire all of the outstanding stock of Atlantic Southeast Airlines, Inc. (“ASA”), a wholly-owned regional airline subsidiary of Delta Air Lines, Inc. (NYSE: DAL) for a purchase price of $425 million. In addition, SkyWest has agreed to return to Delta $50 million of aircraft deposits. At closing, Delta will receive $350 million in cash, representing $330 million of the purchase price and $20 million relating to the return of certain aircraft financing deposits. An additional $125 million representing $95 million of the purchase price and $30 million relating to the return of certain aircraft financing deposits is payable to Delta upon the earlier of the assumption by Delta of the ASA and SkyWest Airlines Delta Connection Agreements should Delta file for reorganization under Chapter 11, or four years after the closing of the transaction. SkyWest shall be entitled to retain $125 million if Delta does not affirm the ASA or SkyWest Delta Connection Agreements in a Chapter 11 proceeding prior to the fourth anniversary of the closing of this transaction."
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