NO JCBA until at least END of October.
09-26-2010 | 05:06 AM
#11
Line Holder
Joined: Jun 2008
Posts: 1,980
Likes: 15
From: 737 CAPT
What many of us are overlooking.....In order for Jeff and the New UAL to execute all the talked about "synergies" that the investors will be wanting to see/promised by way of this merger, they (the company & it's shareholders) WILL need to have a Pilot Group JCBA (and SLI) completed to deliver the numbers touted during the pre-merger talk/propaganda. The ball's in their court to a certain extent....If there are 'large'/lucrative 'synergies' to be had as the talking heads have touched on, then we (the NEW Pilot Group) have skin in the deal to share in it's payout's via the new/lucrative JCBA.
The pieces are in place.....be patient & let the game play out. Not discounting the importance of this JCBA for the NEW Pilot group, but I for one STILL like our present position in the 'game'.
The pieces are in place.....be patient & let the game play out. Not discounting the importance of this JCBA for the NEW Pilot group, but I for one STILL like our present position in the 'game'.
I will agree that this is mainly their pilots' fault preventing a full consummation of the marriage over there. The ball was in their court and the pretty much blew that. Hence, doing the JCBA first over here makes our position in the game a better one.
09-26-2010 | 05:50 AM
#12
Keep Calm Chive ON
Joined: Feb 2008
Posts: 2,086
Likes: 0
From: Boeing's Plastic Jet Button Pusher - 787
I agree for the most part, but don't forget the whole USAirways debacle. Every merger brings alleged synergies to the table, but US still hasn't realized theirs in full. Remember that VP Fred "I'm Helping Make Your Commute Easier" said in the Flight Ops Propaganda that CAL/UAL didn't have to have this done to realize synergies using US as an example.
I will agree that this is mainly their pilots' fault preventing a full consummation of the marriage over there. The ball was in their court and the pretty much blew that. Hence, doing the JCBA first over here makes our position in the game a better one.
I will agree that this is mainly their pilots' fault preventing a full consummation of the marriage over there. The ball was in their court and the pretty much blew that. Hence, doing the JCBA first over here makes our position in the game a better one.
EWR....
You are absolutely correct on what has become of the USAirways debacle, no arguing there.
On the flip side, why do you think Jay was bombarded for interviews (by the various Financial Analyst/Wall Street Talking Heads/and big time investment firms) during the Court-Ship of this entire merger??? They needed/wanted to know where his Pilot Group stood in this Merger (I'm sure Wendy had the same over at UAL). Wall Street has seen first hand by way of the "Charlie Fox" at USAirways, and enesence, this 5 yr debacle has prevented the company from delivering what they had 'promised' investor first hand from the start.....Financial Benefit of the two airlines coming together. It was just within the last 2 months that even USAirways Mgt has asked for legal help/intervention by the Gov to get this mess figured so that 'they' can reap the 'synergies' that they promised from the start. http://www.bizjournals.com/charlotte/stories/2010/07/26/daily17.html
When looking at what has happened at USAirways for the last 5+ yrs, I would say that even though approval was given and things are in full swing, the Financial World (and even the Gov) has/will be looking at our Merger with a bit more of a critical eye on delivering what our Mgt has promised it's investors by way of 'huge' economic synergies.
Just one man's take, but your point is understood as well.
09-26-2010 | 07:06 AM
#13
Ben Salley
Joined: Feb 2006
Posts: 924
Likes: 0
From: Left
We haven't presented financial proposals yet; CAL/UAL ALPA are at an impasse over the separate B-747 BES/Payrates and the affect such a move would have on SLI.
09-27-2010 | 05:40 AM
#14
Line Holder
Joined: Jun 2008
Posts: 1,980
Likes: 15
From: 737 CAPT
EWR....
You are absolutely correct on what has become of the USAirways debacle, no arguing there.
On the flip side, why do you think Jay was bombarded for interviews (by the various Financial Analyst/Wall Street Talking Heads/and big time investment firms) during the Court-Ship of this entire merger??? They needed/wanted to know where his Pilot Group stood in this Merger (I'm sure Wendy had the same over at UAL). Wall Street has seen first hand by way of the "Charlie Fox" at USAirways, and enesence, this 5 yr debacle has prevented the company from delivering what they had 'promised' investor first hand from the start.....Financial Benefit of the two airlines coming together. It was just within the last 2 months that even USAirways Mgt has asked for legal help/intervention by the Gov to get this mess figured so that 'they' can reap the 'synergies' that they promised from the start. http://www.bizjournals.com/charlotte/stories/2010/07/26/daily17.html
When looking at what has happened at USAirways for the last 5+ yrs, I would say that even though approval was given and things are in full swing, the Financial World (and even the Gov) has/will be looking at our Merger with a bit more of a critical eye on delivering what our Mgt has promised it's investors by way of 'huge' economic synergies.
Just one man's take, but your point is understood as well.
You are absolutely correct on what has become of the USAirways debacle, no arguing there.
On the flip side, why do you think Jay was bombarded for interviews (by the various Financial Analyst/Wall Street Talking Heads/and big time investment firms) during the Court-Ship of this entire merger??? They needed/wanted to know where his Pilot Group stood in this Merger (I'm sure Wendy had the same over at UAL). Wall Street has seen first hand by way of the "Charlie Fox" at USAirways, and enesence, this 5 yr debacle has prevented the company from delivering what they had 'promised' investor first hand from the start.....Financial Benefit of the two airlines coming together. It was just within the last 2 months that even USAirways Mgt has asked for legal help/intervention by the Gov to get this mess figured so that 'they' can reap the 'synergies' that they promised from the start. http://www.bizjournals.com/charlotte/stories/2010/07/26/daily17.html
When looking at what has happened at USAirways for the last 5+ yrs, I would say that even though approval was given and things are in full swing, the Financial World (and even the Gov) has/will be looking at our Merger with a bit more of a critical eye on delivering what our Mgt has promised it's investors by way of 'huge' economic synergies.
Just one man's take, but your point is understood as well.
09-27-2010 | 06:50 PM
#18
Gets Weekends Off
Joined: Mar 2009
Posts: 230
Likes: 0
09-27-2010 | 08:16 PM
#19
Gets Weekends Off
Joined: Aug 2007
Posts: 459
Likes: 0
During the SLI arbitration, it could be argued that since the whale pays more in that scenario instead of the same as the 777 (which both groups have), the career expectations are higher and Former UAL pilots could get better placement on the combined list.
So the theory goes. As to whether that is a legit argument or fear, who knows?
09-28-2010 | 08:13 AM
#20
Gets Weekends Off
Joined: May 2010
Posts: 110
Likes: 0
From: 737 CA
During the SLI arbitration, it could be argued that since the whale pays more in that scenario instead of the same as the 777 (which both groups have), the career expectations are higher and Former UAL pilots could get better placement on the combined list.
So the theory goes. As to whether that is a legit argument or fear, who knows?
So the theory goes. As to whether that is a legit argument or fear, who knows?
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