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Originally Posted by DrJekyll MrHyde
(Post 4030579)
Not only did he leave JetBlue in a far worse position, he managed to engineer the failure of Spirit as well. He may be responsible for taking down two airlines.
When every arm of the government that has influence over mergers is telling you “NO”, you listen. This is especially true when you’re already being sued by the DOJ for the last dumb idea you tried to pull off (NE alliance) under the wrong administration. Instead Hayes torpedos a merger agreement with Frontier that was widely believed to have promise. He only needs to appeal to the greedy Spirit shareholders and start a proxy war. The results are half in. Spirit is gone and JetBlue is considered next-up for chapter 11 as they burn through $3.5M daily. Let Airbus know they’re North American CEO is a turd. |
Originally Posted by AverageGPA
(Post 4030871)
While this is certainly true, they made the offer knowing who was in charge, knowing the political agendas of those individuals, and almost assuredly knowing the outcome.
That is remarkably poor decision making from the brass of both companies, in my opinion. |
Originally Posted by AverageGPA
(Post 4030610)
NK pilots & other work groups were also extremely vocal in favoring the JB deal. I’m not sure how much that internal pressure influenced the final decision, but NK employees were loud about it, and ultimately very wrong.
Sometimes we are our own worst enemy. |
This was Robin Hayes plan all along. Cost them $500 million but helluva lot cheaper than the merger.......
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Originally Posted by Chimpy
(Post 4030883)
a lot of us were against the JB deal and nobody gives a rats ass what Labor wants. It was Greed that destroyed NK. Everyone slams Ted and he definitely made mistakes but he wasn’t wrong, should have voted in favor of F9. In the end the shareholders got what they deserved, nothing
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Originally Posted by TAFsMatter
(Post 4030909)
I'm not convinced even that would have gone through. B6 was eliminating a low cost competitor to raise fares, F9 would have been monopolizing the market of low fare airlines in order to raise fares. When there is a zealous no merger mindset, then any argument could be made in court to block under 1890's legislation.
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Originally Posted by BunkerF16
(Post 4030867)
Had Biden's DOJ and DOT stayed out of it, the merger would have gone through.
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Originally Posted by shrsailplanes
(Post 4030994)
Had the DOJ ignored anti-trust laws, the merger would have gone through. I guess that’s what you mean.
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Originally Posted by Chimpy
(Post 4030990)
maybe but there wouldn't have been the "leaked" memo from JB or Ted Christie on TV saying the merger would not be approved. It had a lot better of a shot than JB
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Originally Posted by AAdvocate
(Post 4031020)
Once the government files the lawsuit it is almost always going to be blocked. The DOJ has a pretty impressive success record.
In many cases the judges are making calls that they don't want to make, but are bound by the letter of the law. At that point as a jurist your options are... 1. Judicial activism, start waving your wand and legislating from the bench (at least until you squashed by superior benches, or maybe arrested). 2. Uphold a bad law as written, and hopefully in the process send a message to the legislature that they have some more homework to do. |
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