United Airlines buys stake in Azul Airlines
06-27-2015, 12:43 PM
#11
Line Holder
Joined APC: Mar 2009
Posts: 36
Originally Posted by cadetdrivr
FWIW, UAL already has established 100% Joint Ventures with an Asian carrier and an European one. The JVs are basically "virtual mergers" approved by the respective govrenments where everything is shared (planning/marketing/revenues/expenses) in a region even if UAL, or the partner, does not even operate on a specific route. The only differential is the paint job on the airplane and the reimbursement of operating expenses. If UAL ever merges with either of these JV partners it will basically entail painting the airplanes and combining employee groups. Virtually everything else is already done.
Originally Posted by cadetdrivr
If UAL ever merges with either of these JV partners it will basically entail painting the airplanes and combining employee groups. Virtually everything else is already done.
06-28-2015, 02:35 PM
#13
Line Holder
Joined APC: Mar 2009
Posts: 36
Originally Posted by Dave Fitzgerald
So..UAL is spending money. Usually, they do this to show less profit, hide money, therefore run up to contract negotiations and bonuses. But I am paranoid...
"...thank you for your professionalism...we fell short of profit sharing goals...in other news UAL completed it's multi-kazillion dollar equity purchase in foreign carriers who will soon be executing against our longterm plan to eliminate all labor costs....remember to turn your APU off..."
06-28-2015, 10:06 PM
#14
Gets Weekends Off
Joined APC: Aug 2013
Posts: 2,159
Originally Posted by cadetdrivr
FWIW, UAL already has established 100% Joint Ventures with an Asian carrier and an European one. The JVs are basically "virtual mergers" approved by the respective govrenments where everything is shared (planning/marketing/revenues/expenses) in a region even if UAL, or the partner, does not even operate on a specific route. The only differential is the paint job on the airplane and the reimbursement of operating expenses. If UAL ever merges with either of these JV partners it will basically entail painting the airplanes and combining employee groups. Virtually everything else is already done.
I am convinced the entire Aer Lingus deal was designed to put downward pressure on labor costs on transatlantic routes so that ultimately management could come to the pilots and say "30 percent of European crossings are done at X payrate, or Y payrate and we will need to lower our rates to be competitive." Otherwise, there's no incentive for management.
06-28-2015, 10:09 PM
#15
Gets Weekends Off
Joined APC: Aug 2013
Posts: 2,159
Originally Posted by 74pilot
I can see it now....a special message form Howard:
"...thank you for your professionalism...we fell short of profit sharing goals...in other news UAL completed it's multi-kazillion dollar equity purchase in foreign carriers who will soon be executing against our longterm plan to eliminate all labor costs....remember to turn your APU off..."
"...thank you for your professionalism...we fell short of profit sharing goals...in other news UAL completed it's multi-kazillion dollar equity purchase in foreign carriers who will soon be executing against our longterm plan to eliminate all labor costs....remember to turn your APU off..."
It's actually starting to sound like Howard is an Alabama fan. Just like every Alabama fan says "roll tide" after each sentence. Can you hand me another beer, roll tide? How you doing today? Roll tide. I like bacon in my grits roll tide. We want our pilots to work for less Roll Tide. Taxi with one motor and turn that APU off Roll Tide.
06-29-2015, 02:22 PM
#18
Gets Weekends Off
Joined APC: Jan 2007
Position: 30 West
Posts: 417
Originally Posted by Dave Fitzgerald
I was wondering the same thing, other than hiding money for the quarter. 
07-01-2015, 08:34 AM
#19
Gets Weekends Off
Joined APC: Aug 2013
Posts: 2,159
Originally Posted by Softpayman
Wondering what's the point of a 5% stake? What does that get you? A seat on the BOD?
07-01-2015, 09:53 AM
#20
Gets Weekends Off
Joined APC: Dec 2008
Position: 320 Captain
Posts: 640
Originally Posted by Softpayman
Wondering what's the point of a 5% stake? What does that get you? A seat on the BOD?
I know UAL has a max % limit (5% I believe) that any one investor can own without BOD approval.
Prevents a hostile takeover.
Thread
Thread Starter
Forum
Replies
Last Post
