Republic
08-22-2009 | 02:05 PM
#152
Gets Weekends Off
Joined: Feb 2009
Posts: 798
Likes: 0
TPG is here ....
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers’ Compensatory Arrangements of Certain Officers.
Upon consummation of the Merger and pursuant to the Investment Agreement, on July 31, 2009, the Board of Directors of the Company voted to increase its size from five to six members and appointed Richard P. Schifter, a managing partner at TPG, to the Board of Directors of the Company. The Board of Directors did not appoint Mr. Schifter to serve on any of its committees.
As of the date of this report, neither Mr. Schifter nor any of his immediate family members is a party, either directly or indirectly, to any transaction that would be required to be reported pursuant to Item 404(a) of Regulation S-K.
Mr. Schifter will be compensated consistent with the compensation programs for non-employee directors of the Company. Following his appointment to the Board, he was automatically granted an option to purchase 10,000 shares of the Company’s common stock pursuant to the Company’s 2007 Equity Incentive Plan.
08-22-2009 | 03:19 PM
#153
Gets Weekends Off
Joined: Apr 2006
Posts: 361
Likes: 0
This is why integrating the Midwest Pilots quickly is so important. They cannot even bid the equipment until they are on the list. There should be enough flying coming that will enable a Midwest pilot to hold MKE on the 190 if so desired. But if we block off the 190's for them we also block off the rest of the system to them, that would be only fair and equitable. Point being if a guy commuting from Philly is stuck in the right seat anyway why not take one close to home. I don't believe you are going to to see a pay difference between 170's and 190's. There maybe something in the works to split it below but I still see the company fighting for one FO pay scale, it will definitely be better though.
Will the Teamsters pledge that they want Midwest+ pay rates and work rules for the 190?
08-22-2009 | 04:23 PM
#154
Gets Weekends Off
Joined: Dec 2005
Posts: 1,105
Likes: 0
From: Left Seat
Enough for all 400? Duck says the 717 is going away and seems happy about it. Why are RAH pilots happy or content that the second highest paying airplane out off all three fleets is going away to the cheapest?
Will the Teamsters pledge that they want Midwest+ pay rates and work rules for the 190?
Will the Teamsters pledge that they want Midwest+ pay rates and work rules for the 190?
Where do you get this, "will the Teamsters" crap. The answer is no, the contract is as it stands until we get it renegotiated and renewed, deal with it. Are we fighting for more, AGAIN and for the Ten Millionth time YES! God this is boring!
No one is happy that a airline with an unsustainable business model has failed. The 717 is going away, done! I know Duck and I am certain he is not happy about it. Personally I'd have rather they kept the 717 put the seats back in it make it profitable and keep it on line. But that is something you me or the Duck have no control of now isn't it. So stop crying about the spilt milk, man up and offer something constructive or go back to playing flight simulator, the adults are trying to talk.
08-22-2009 | 04:30 PM
#155
Gets Weekends Off
Joined: Dec 2005
Posts: 1,105
Likes: 0
From: Left Seat
TPG is here ....
Upon consummation of the Merger and pursuant to the Investment Agreement, on July 31, 2009, the Board of Directors of the Company voted to increase its size from five to six members and appointed Richard P. Schifter, a managing partner at TPG, to the Board of Directors of the Company. The Board of Directors did not appoint Mr. Schifter to serve on any of its committees.
As of the date of this report, neither Mr. Schifter nor any of his immediate family members is a party, either directly or indirectly, to any transaction that would be required to be reported pursuant to Item 404(a) of Regulation S-K.
Mr. Schifter will be compensated consistent with the compensation programs for non-employee directors of the Company. Following his appointment to the Board, he was automatically granted an option to purchase 10,000 shares of the Company’s common stock pursuant to the Company’s 2007 Equity Incentive Plan.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers’ Compensatory Arrangements of Certain Officers.
Upon consummation of the Merger and pursuant to the Investment Agreement, on July 31, 2009, the Board of Directors of the Company voted to increase its size from five to six members and appointed Richard P. Schifter, a managing partner at TPG, to the Board of Directors of the Company. The Board of Directors did not appoint Mr. Schifter to serve on any of its committees.
As of the date of this report, neither Mr. Schifter nor any of his immediate family members is a party, either directly or indirectly, to any transaction that would be required to be reported pursuant to Item 404(a) of Regulation S-K.
Mr. Schifter will be compensated consistent with the compensation programs for non-employee directors of the Company. Following his appointment to the Board, he was automatically granted an option to purchase 10,000 shares of the Company’s common stock pursuant to the Company’s 2007 Equity Incentive Plan.
08-22-2009 | 04:42 PM
#156
Che Guevara
Joined: Aug 2005
Posts: 6,408
Likes: 0
Enough for all 400? Duck says the 717 is going away and seems happy about it. Why are RAH pilots happy or content that the second highest paying airplane out off all three fleets is going away to the cheapest?
Will the Teamsters pledge that they want Midwest+ pay rates and work rules for the 190?
Will the Teamsters pledge that they want Midwest+ pay rates and work rules for the 190?
08-22-2009 | 06:00 PM
#157
Line Holder
Joined: Sep 2007
Posts: 40
Likes: 0
Oh does he? It's fact not opinion. The 717s are going away. This was decided on before RAH ever entered the picture by Boeing after Midwest tried to lower the rates on the leases. Stop running around pointing fingers at everyone saying they're happy about it. Be a little realistic.
Cheers...
08-22-2009 | 06:18 PM
#158
Gets Weekends Off
Joined: Feb 2009
Posts: 798
Likes: 0
I agree 100%... Delta is in this deal.
One thing I have read you guys talk about is that BB says he will sell 51% of Frontier if Republic pilots don't agree to a separate Frontier pilot group. TPG could be the financing to separate Frontier and still let BB run the operation.
No matter how is goes we cannot agree to anything but...
One Seniority List
Who knows, maybe Frontier is next in line for the "TPG Effect".
1. Sell or return aircraft
2. Bring in Republic E170/E190 under code-share agreements
3. Furlough the higher paid pilot group
Last edited by MD80; 08-22-2009 at 06:29 PM.
08-22-2009 | 08:34 PM
#160
Gets Weekends Off
Joined: Apr 2006
Posts: 361
Likes: 0
Enough for all 400? 38 frames opens a lot of seats. Enough for anyone that has a job. Our Furloughs come back first, they are no less important then our brothers and sisters from the old Midwest.
Where do you get this, "will the Teamsters" crap. The answer is no, the contract is as it stands until we get it renegotiated and renewed, deal with it. Are we fighting for more, AGAIN and for the Ten Millionth time YES! God this is boring!
No one is happy that a airline with an unsustainable business model has failed. The 717 is going away, done! I know Duck and I am certain he is not happy about it. Personally I'd have rather they kept the 717 put the seats back in it make it profitable and keep it on line. But that is something you me or the Duck have no control of now isn't it. So stop crying about the spilt milk, man up and offer something constructive or go back to playing flight simulator, the adults are trying to talk.
Where do you get this, "will the Teamsters" crap. The answer is no, the contract is as it stands until we get it renegotiated and renewed, deal with it. Are we fighting for more, AGAIN and for the Ten Millionth time YES! God this is boring!
No one is happy that a airline with an unsustainable business model has failed. The 717 is going away, done! I know Duck and I am certain he is not happy about it. Personally I'd have rather they kept the 717 put the seats back in it make it profitable and keep it on line. But that is something you me or the Duck have no control of now isn't it. So stop crying about the spilt milk, man up and offer something constructive or go back to playing flight simulator, the adults are trying to talk.
Adults? haha
You speak that which you do not know. "Unsustainable business model"? For 23 years it was not in bankruptcy before Tim sold out to TPG who sucked everything they could out of it. The business model was sustainable. Led by those enablers who allow bedford to push them to take higher paying jobs away while whining about "its management not the pilots".
I guess you do enjoy being the cheap labor variant. Swelling with pride like an original AA B scaler.
Thread
Thread Starter
Forum
Replies
Last Post
