How about you study for recurrent at American.

 

I'm not preaching anything. Especially doom and gloom. I'm just saying that some people need a little more enlightenment on the subject. Everyone in here is NOT aware of the possible situations. Almost every FO I fly with that isn't furloughed thinks they're going to be scooped up with the new carrier. Could be true, sure. But there are very important details that most are unaware of. That's all.

 

Yep you are just full of "important details". "Someone can take the planes, they don’t have to take the pilots. There’s no good reason to either."

A 363 asset sale. How do you think AA bought TWA for 500mil?
"Most likely scenario here, we will go to the highest bidder for cheap. That debt will not transfer.

and neither will the pilots"

"I still don’t understand how someone can think a merger will happen? Merge into what? Nobody wants any part of a company that owes $6.5b and loses $100m a month."

"Not when they aren’t getting their jobs back. Not the same boat."

Do you remind every FO you fly with that they won't have jobs soon like you seem so obsessed with doing on here?

 

You are correct that American did acquire TWA for $500M cash but American also had to assume all the debt on the leased TWA planes and keep making those operating lease payments. It wasn't just $500M cash and keep everything else. Also the creditor committee agreed with the 363 sale. It wasn't just imposed on them by the court.

How many planes does Spirit own that aren't leased or encumbered that could be acquired?

Do you really think any BK court will just hand over the assets that are encumbered when those entities that own the planes are saying they want their assets back? Spirit isn't the owner of them. They just lease the planes. I don't recall in any BK ever any owner of an asset losing it because some entity that was leasing it filed BK. They either go back to the owner, or they are transferred with concurrence of the owner. Especially when they are in default of the lease agreement as Aercap claims.

You keep chirping "363 asset sale" and "TWA" but you leave out the key points that the creditors and lessors agreed and the ongoing payment of lease debt had to be paid by American as well.

 

No need to direct frustration at me—I’m not “obsessed” with anything. I just think it’s important to see the bigger picture. In many acquisitions, pilots may not automatically transfer over, and their employment often depends on negotiations under the RLA or other regulations.

I’m not trying to scare anyone or suggest that jobs will be lost arbitrarily. I simply want to highlight the realities of how airline mergers and acquisitions COULD work. A buyout does not automatically guarantee your job, and understanding that upfront is not doom-saying—it’s being informed.

 

RLA has ZERO input on whether "pilots go with planes". Its not anywhere in the RLA. The RLA only sets the rules for collective bargaining.

Only ALPA merger policy will apply if any entire entity is acquired. Also ALPA policy can't force companies to automatically take other pilots or any other employees in the event of a fragmentation. The SLI process is ONLY in place IF a company takes on an entire workforce (or fragmented workforce) and lays the framework for seniority integration.

Also MCB, which has been mentioned, doesn't apply to unions that already have an integration process in place. So unless another airline wholly buys Spirit's assets, takes on its leases and just integrates the existing Spirit Airlines into it own operation then its highly unlikely that employees are going to just automatically end over at another airline seamlessly like they would have if the Frontier of Jetblue mergers had gone through.

 

Every single Spirit pilot will have a great future, whatever happens here. We are pilots who have seen it all, we can pull gear if need be, we can write up an awesome and real resume, we don't care about status symbols. This is who we are, we have been around and we overcome hardships, we have fun and we are safe. For the newer pilots in this career, I am so sorry that we are going through this together. One thing will always be true... Spirit pilots are kind and good people and great pilots. We won't lose that reputation, so be proud.

 

I don't believe this to be true. Under the RLA is how the NMB decides "single carrier" status which triggers McCaskill-Bond obligations unless both unions are ALPA. And no they do not have to take on the "entire workforce" or "all" of spirits assets for this to apply. From my reading its usually only 50%. See Midwest/Republic.

 

Thank you. That's all I was trying to point out, and it seems like most people don't understand this. And they should.

 

You aren't point out anything new. You are just posting non stop negative crap/worst case scenarios like its fact and going to happen then throw your hands up like like "oh I'm just trying to help" give me a break. I bet FO's love hearing from you every 5 minuets about how they won't have a job.