Midwest is to be owned by RAH.
06-24-2009 | 11:52 AM
#161
Gets Weekends Off
Joined: Aug 2008
Posts: 127
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I'll take responsibility for my actions. And I wasn't blaming anyone, I was merely asking others to take responsibility for their actions.
06-24-2009 | 11:57 AM
#162
Gets Weekends Off
Joined: Feb 2006
Posts: 6,248
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From: 767A (Ret)
Lorenzoism
In an announcement Tuesday, Republic said it will purchase Delta codeshare partner Midwest from TPG Capital, a Texas investment firm...Under terms of the acquisition, Republic will pay $31 million – $6 million in cash and a $25 million, five-year note convertible to Republic stock. Midwest will become a wholly owned subsidiary and will continue to operate as a branded carrier.
Republic also will buy Frontier in a proposal that would help that carrier emerge from Chapter 11 bankruptcy.
Under terms of the deal announced Monday, Frontier will become a wholly owned subsidiary of Republic Airways Holdings after the company serves as the equity sponsor for Frontier’s reorganization plan and buys 100% of the equity in the reorganized company. The cost to Republic will be nearly $109 million. The deal would require a court-supervised auction, at which another buyer could outbid Republic.
Republic also will buy Frontier in a proposal that would help that carrier emerge from Chapter 11 bankruptcy.
Under terms of the deal announced Monday, Frontier will become a wholly owned subsidiary of Republic Airways Holdings after the company serves as the equity sponsor for Frontier’s reorganization plan and buys 100% of the equity in the reorganized company. The cost to Republic will be nearly $109 million. The deal would require a court-supervised auction, at which another buyer could outbid Republic.
06-24-2009 | 12:14 PM
#164
Gets Off
Joined: Jan 2008
Posts: 742
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From: On Top
...and you all thought that spineless deals only happened in wall street!
06-24-2009 | 12:43 PM
#165
Moderator
Joined: Oct 2006
Posts: 13,088
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From: B757/767
I hope you are too proud to work at RAH, because I don't want to work with someone that's too proud for thier own good. If its not good enough for you. Walk away. It's never going to be good enough for you. Midwest was run into the ground by your management. Everyone that worked there had at least some responsibility in that.
06-24-2009 | 03:05 PM
#168
Gets Weekends Off
Joined: Jul 2008
Posts: 324
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BB doesnt do anything without okaying it with his mainline overlords. I think in a year or two, we'll look back on this and it will be as convoluted as a conspiracy novel.
06-24-2009 | 04:05 PM
#169
Gets Weekends Off
Joined: Jul 2007
Posts: 202
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Maybe it has already been said but...
Given that RAH pilots are in negotiations it is now up to them as a pilot group to demand industry-leading wages. Before they accept a new contract it is not fair to blame them for decisions their management made.
The recent growth made by RAH proves they are not in financial trouble and it's now up to the pilots of RAH to galvanize and demand fair pay.
It's disheartening what's happened at Midwest and Frontier but right now RAH pilots have the opportunity to step up to the plate and move forward in the right direction. Given the media spotlight on regional pay, an NMB that respects the RLA, and the deep pockets of RAH, and they have every right to hold out until they are paid at least JetBlue wages.
Anything short of that would prove that RAH pilots aren't willing to stand up for this profession, and such bitterness towards them would THEN be deserved.
Given that RAH pilots are in negotiations it is now up to them as a pilot group to demand industry-leading wages. Before they accept a new contract it is not fair to blame them for decisions their management made.
The recent growth made by RAH proves they are not in financial trouble and it's now up to the pilots of RAH to galvanize and demand fair pay.
It's disheartening what's happened at Midwest and Frontier but right now RAH pilots have the opportunity to step up to the plate and move forward in the right direction. Given the media spotlight on regional pay, an NMB that respects the RLA, and the deep pockets of RAH, and they have every right to hold out until they are paid at least JetBlue wages.
Anything short of that would prove that RAH pilots aren't willing to stand up for this profession, and such bitterness towards them would THEN be deserved.
06-24-2009 | 04:10 PM
#170
Tuk er jerbs!
Joined: Mar 2007
Posts: 1,342
Likes: 0
From: B747 Left
Maybe it has already been said but...
Given that RAH pilots are in negotiations it is now up to them as a pilot group to demand industry-leading wages. Before they accept a new contract it is not fair to blame them for decisions their management made.
The recent growth made by RAH proves they are not in financial trouble and it's now up to the pilots of RAH to galvanize and demand fair pay.
It's disheartening what's happened at Midwest and Frontier but right now RAH pilots have the opportunity to step up to the plate and move forward in the right direction. Given the media spotlight on regional pay, an NMB that respects the RLA, and the deep pockets of RAH, and they have every right to hold out until they are paid at least JetBlue wages.
Anything short of that would prove that RAH pilots aren't willing to stand up for this profession, and such bitterness towards them would THEN be deserved.
Given that RAH pilots are in negotiations it is now up to them as a pilot group to demand industry-leading wages. Before they accept a new contract it is not fair to blame them for decisions their management made.
The recent growth made by RAH proves they are not in financial trouble and it's now up to the pilots of RAH to galvanize and demand fair pay.
It's disheartening what's happened at Midwest and Frontier but right now RAH pilots have the opportunity to step up to the plate and move forward in the right direction. Given the media spotlight on regional pay, an NMB that respects the RLA, and the deep pockets of RAH, and they have every right to hold out until they are paid at least JetBlue wages.
Anything short of that would prove that RAH pilots aren't willing to stand up for this profession, and such bitterness towards them would THEN be deserved.
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