Tristar
..one in the wilderness
- Joined
- Mar 25, 2004
- Posts
- 352
I agree with those who've pointed out that the judge will be the one who decides what sticks and what doesn't. However, I can assure you the _intent_ of our merger/FRAGMENTATION clause was protection in just this sort of scenario.
We all recognize this isn't a merger - it is a fragmentation of ATA, and as such people are supposed to go with assets. Period. It doesn't say aircraft. Whether that will be the case is anyone's guess, but to pontificate that it doesn't apply because it isn't a merger is rather idiotic.
"Preferential interviews" are a nice carrot, but frankly not worth a darn unless they and the hiring is done upfront, with class dates to follow as aircraft arrive. From what I've seen so far, the AirTran deal looks out for George only, and it may run into some real opposition from the creditors.
It would be nice if the aviation community actually took care of it's own instead of feeding off of them, but alas we have a long heritage of crapping on people when they are down instead of just doing what would be right. I'm not expecting too much, so hopefully I won't be too let down.
That said, ATA is _much_ more valuable as a whole, and has assets that could be quite useful to a company with the vision and ability to use them. Here's hoping that one comes onto the scene . . .
BTC
We all recognize this isn't a merger - it is a fragmentation of ATA, and as such people are supposed to go with assets. Period. It doesn't say aircraft. Whether that will be the case is anyone's guess, but to pontificate that it doesn't apply because it isn't a merger is rather idiotic.
"Preferential interviews" are a nice carrot, but frankly not worth a darn unless they and the hiring is done upfront, with class dates to follow as aircraft arrive. From what I've seen so far, the AirTran deal looks out for George only, and it may run into some real opposition from the creditors.
It would be nice if the aviation community actually took care of it's own instead of feeding off of them, but alas we have a long heritage of crapping on people when they are down instead of just doing what would be right. I'm not expecting too much, so hopefully I won't be too let down.
That said, ATA is _much_ more valuable as a whole, and has assets that could be quite useful to a company with the vision and ability to use them. Here's hoping that one comes onto the scene . . .
BTC