Biden Administration Moving to Block Merger
02-19-2023 | 01:51 PM
#61
Line Holder
Joined: Sep 2017
Posts: 1,169
Likes: 164
From: NK CA
If the JetBlue deal is not held up in the courts, the JCBA ought to be pretty quick. In addition to the $3.8 Billion JetBlue's paying for Spirit, they have the cost of repainting all the aircraft, new interiors, paying Airbus to convert all those little 319 NEOs into 320s and 321s with different interiors, combining and getting FAA approval on a common training program and common certificate, etc. And to get return on that investment, they NEED a JCBA. It won’t be JB that would benefit by dragging this out - they’ll be losing money if they do. This time the foot-dragging leverage is on the pilot’s side.
02-19-2023 | 03:31 PM
#63
Perennial Reserve
Joined: Jan 2018
Posts: 14,247
Likes: 257
Who said they know exactly how long the DOJ process will take? I would be greatly surprised if even anyone IN the DOJ has a clue about that.
02-19-2023 | 04:00 PM
#64
Line Holder
Joined: Apr 2016
Posts: 778
Likes: 16
From: A320 CA
Even more likely: If it falls through, NK merges with F9 after all and we spend 3 years negotiating and end up with "Spirit plus one" which is what F9 currently has. (Contract 2018 rates.)
02-19-2023 | 04:41 PM
#65
That/It/Thang
Joined: Aug 2020
Posts: 3,501
Likes: 364
THIS sums you up. You are the 5% that are more concerned with the junk measuring contract than you are about making gains for our pilots and their families. Thankfully your “reach” is limited to this forum.
02-19-2023 | 04:46 PM
#66
That/It/Thang
Joined: Aug 2020
Posts: 3,501
Likes: 364
I disagree. If the deal falls through, doesn't it become *amendable* in 2 years? Then it's back to the status quo, turning it into a 4, 5, or 6 year contract.
Even more likely: If it falls through, NK merges with F9 after all and we spend 3 years negotiating and end up with "Spirit plus one" which is what F9 currently has. (Contract 2018 rates.)
Even more likely: If it falls through, NK merges with F9 after all and we spend 3 years negotiating and end up with "Spirit plus one" which is what F9 currently has. (Contract 2018 rates.)
If it doesn’t fall through and we are still working through the merger we will enter section 6 October 2024.
If the merger is approved we enter JCBA before October 2024.
So it is a short term deal. We either enter section 6 in 19 months or immediately if the JBLU deal falls apart.
A full fledged section 6 if the merger fails always takes some time, just as 2018 and 2010 took a long time. Even more reason why it’s beneficial we voted this in, that’s years at higher 2023 rates vs 2018 rates. Six figures difference for each pilot.
Meanwhile UAL is approaching a year for their TA2. UAL is much more profitable that we are. I’m very glad 69% of us went opposite of Lincoln and voted yes.
02-19-2023 | 04:48 PM
#67
Line Holder
Joined: Sep 2017
Posts: 1,169
Likes: 164
From: NK CA
see what I’m saying about the yes voters being super sensitive? Lol
02-19-2023 | 04:49 PM
#68
Line Holder
Joined: Sep 2017
Posts: 1,169
Likes: 164
From: NK CA
If the deal falls through we enter section 6 “ immediately upon the abandonment of the Spirit/JetBlue merger transaction”
If it doesn’t fall through and we are still working through the merger we will enter section 6 October 2024
So it is a short term deal. We either enter section 6 in 19 months or immediately if the JBLU deal falls apart.
If it doesn’t fall through and we are still working through the merger we will enter section 6 October 2024
So it is a short term deal. We either enter section 6 in 19 months or immediately if the JBLU deal falls apart.
02-19-2023 | 04:52 PM
#69
That/It/Thang
Joined: Aug 2020
Posts: 3,501
Likes: 364
I’m cashing larger paychecks because of this deal while you cry about fictitious pilots laughing at you.
02-19-2023 | 05:01 PM
#70
Line Holder
Joined: Sep 2017
Posts: 1,169
Likes: 164
From: NK CA
What does that even mean? I’m happy we, and 69% of this group understand a gain and took it. You’re the one crying about being a “joke to the industry” and lose sleep that people are laughing at you. I’m the emotional one?
I’m cashing larger paychecks because of this deal while you cry about fictitious pilots laughing at you.
I’m cashing larger paychecks because of this deal while you cry about fictitious pilots laughing at you.
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