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-   -   Union hints of acquisition (https://www.airlinepilotforums.com/southwest/146687-union-hints-acquisition.html)

Noisecanceller 05-22-2024 08:21 AM


Originally Posted by Flika (Post 3804737)
The DOJ's stance is that Spirit is a viable stand alone airline, this was stated multiple times in court. Not only that, Spirit's CEO has stated multiple times that spirit is no where near bankrupcy and that they have a plan to profitability. The failing firm defense would not work.

A LOT has changed since then. Frankly the DOJ doesn’t know Jack when it comes to knowing if a business is viable. The CEO can’t state that he has no plan or rather no plan that will actually work. He also can’t state that they are near bankruptcy until the moment they file. That is the first moment he can actually state publicly that the airline is bankrupt. Spirit is currently insolvent without a profitable product unless a massive renegotiation with debt holders proves fruitful AND a complete change in business model.

Directautogroup 05-22-2024 08:21 AM


Originally Posted by Flika (Post 3804737)
The DOJ's stance is that Spirit is a viable stand alone airline, this was stated multiple times in court. Not only that, Spirit's CEO has stated multiple times that spirit is no where near bankrupcy and that they have a plan to profitability. The failing firm defense would not work.

he said that under oath for sure but the earnings forecasts are poor and they say up to 70 airplanes parking at end of 20205. Reality seems far different than the Ted Christie used car sales pitch.

rickair7777 05-22-2024 08:23 AM


Originally Posted by YdidIChosePilot (Post 3804684)
I dont see any new mergers until a new administration comes in.. the DOJ is pretty clear about blocking mergers as we just saw with NK/JB. I just don't see them allowing the 4th largest carrier taking Spirit, but not allowing JB to. Its a major longshot..

The odds of SWA being allowed to acquire anyone under this administration are very slim. Maybe Sunny.

flyguy81 05-22-2024 08:45 AM


Originally Posted by rickair7777 (Post 3804753)
The odds of SWA being allowed to acquire anyone under this administration are very slim. Maybe Sunny.

Election is a little over 5 mos away....be a lot longer than that before the DOJ has anything to say about it. Hopefully the Senate flips and Biden is shown the door to the retirement home.

e6bpilot 05-22-2024 10:17 AM

The JB merger block was a huge mistake by the DOJ. That being said, any merger is a net negative for this pilot group. Anybody who wants that is an idiot in my opinion. JetBlue would be terrible for this group. They have relative seniority and date of hire in spades and anybody junior in any seat stands to lose a lot. Take a look at the way the AirTran merger was handled by SWA if you have any questions. They instantly gave away most of their aircraft and then left it to the pilot groups to figure it out.

Liberty 05-22-2024 10:23 AM


Originally Posted by e6bpilot (Post 3804789)
The JB merger block was a huge mistake by the DOJ. That being said, any merger is a net negative for this pilot group. Anybody who wants that is an idiot in my opinion. JetBlue would be terrible for this group. They have relative seniority and date of hire in spades and anybody junior in any seat stands to lose a lot. Take a look at the way the AirTran merger was handled by SWA if you have any questions. They instantly gave away most of their aircraft and then left it to the pilot groups to figure it out.

Agreed. That would be the worst news ever. Even if they were stapled, I don’t want it. There’s enough misery remaining from the last one.

WHACKMASTER 05-22-2024 12:00 PM


Originally Posted by Liberty (Post 3804793)
Agreed. That would be the worst news ever. Even if they were stapled, I don’t want it. There’s enough misery remaining from the last one.

“Even if they were all stapled” you don’t want it?! 🤣🤣🤣🤣🤣

Liberty 05-22-2024 01:34 PM


Originally Posted by WHACKMASTER (Post 3804821)
“Even if they were all stapled” you don’t want it?! 🤣🤣🤣🤣🤣

Yep! The imagined situation of immediate seniority isn’t worth the toxicity. No thanks! Interview and hire forever!

Hobbit64 05-22-2024 02:03 PM


Originally Posted by Liberty (Post 3804842)
Yep! The imagined situation of immediate seniority isn’t worth the toxicity. No thanks! Interview and hire forever!

I agree with you Liberty.


No merger / acquisition / whatever you call it goes off without lasting negative effects.
(Except for management, they create a divided pilot group that Gordon Gecko's ...cough...cough... Gary Smelly ....cough...cough can use to *their* advantage)

I witnessed the USAir/AWA drama and it was U.G.L.Y.

Nope!

WHACKMASTER 05-22-2024 05:56 PM


Originally Posted by Liberty (Post 3804842)
Yep! The imagined situation of immediate seniority isn’t worth the toxicity. No thanks! Interview and hire forever!

It doesn’t have to be that way if it’s fair and equitable (a la DLA/NWA or UAL/CAL). It’s typically when one side gets raked over the coals that the toxicity surfaces.


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