Jetblue Pilots Can't Get Lawyers for M&A

[linepilot]

We all just found out that our illustrious PVC met with 5 M&A attorneys and NOT ONE of them would agree to represent 2300 different screwed up PEAs (pilot employment agreement). They informed our so-called reps that we "live in a CBA world" and that we are basically screwed in an airline M&A. But the pilot group still has magical and religious faith in jetblue and it's BOD. They also said that the way our "new and improved" agreement is written, jetblue management can basically make all the decisions for each pilot during a transactional event.

Every lawyer in the room agreed that it would be impossible to defend our PEAs VS. a CBA and a well organized pilot group.

Not one of them would take our retainer.

Nice job BoBs!

Oh, and I posted this on the "Majors" page because I'm sure it's of interest to our prospective buyers who ARE on this page.

 

[shadesofBS]

But Dave kinda told us once a long time ago that we weren't for sale. So I'm not sure why everybody is getting so excited about what five M&A attorneys have to say.

 

[redflyer65]

Everyone is for sale, unfortunately.

 

[GuppyWN]

You won't need them if WN buys you. Barger and Gary will come up with a deal and TELL you how it's going to be.

Gup

 

[PsubS]

...and NOT ONE of them would agree to represent...

Factually incorrect. Check out Snoopy's post on BP.

There are plenty of problems with the new PEA and Five Documents. But spreading false information does nothing to fix those problems.

 

[On Your Six]

You won't need them if WN buys you. Barger and Gary will come up with a deal and TELL you how it's going to be.

Gup

How about Herb and Colleen?


Godspeed!


OYS

 

[linepilot]

Factually incorrect. Check out Snoopy's post on BP.

There are plenty of problems with the new PEA and Five Documents. But spreading false information does nothing to fix those problems.

Oh, sorry.

CORRECTION:

They will agree to take our money and "do their best" but since "we live in a CBA and RLA world" we would have a tough time defending our PEAs.

Better?

 

[shadesofBS]

Factually incorrect. Check out Snoopy's post on BP.

There are plenty of problems with the new PEA and Five Documents. But spreading false information does nothing to fix those problems.

How we gonna spin it BobS?

How we gonna make these poor misunderstood pilots feel better about this one?

 

[Deli Guy]

We suck.

 

[LearLove]

http://www.youtube.com/watch?v=9AGQgk4fFR4&feature=related


OK eveyone sing along now...

modern version for those that prefer:

http://www.youtube.com/watch?v=6mCgbyvb9uw&feature=related

 

[Splert]

Oh, sorry.

CORRECTION:

They will agree to take our money and "do their best" but since "we live in a CBA and RLA world" we would have a tough time defending our PEAs.

Better?

Universe

No escape from it no matter what we try.

 

[Hose A. Jiminez]

Just curious, what firms did y'all talk to?

 

[linepilot]

Just curious, what firms did y'all talk to?

We have NO idea.

Apparently the company will designate ONE secret pilot to be our "spokesman" during M&A activity but he's not allowed to talk to us, and my guess is, he's probably not allowed to talk during the negotiations with the real men at the table either.

I guess the real question is: Did we retain an attorney like every other pilot group in the country?

It doesn't sound like we did. Too much laughing going on.

But we haven't heard from our designated company cohort yet.

I'm pretty sure we won't have ready legal help in the event of a TE and even if we do, we'll all be on different "direct relationship" pages and you can be absolutely certain that jetblue will do whatever is best for the shareholder, even if it's a matter of a few pennies.

 

[rjacobs]

Everyone is for sale, unfortunately.

bingo

 

[ArcadiaMaxima]

Think part of AA is for sale as of this morning.