Jetjockey
Stay thirsty my friends
- Joined
- Feb 28, 2002
- Posts
- 1,492
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Word on the street is that JA told the XJT MEC that if they insist on the 3-way integration that he will drop the deal. I also heard that after a few beers in Vegas the XJT guys true colors came out and that they think they're gonna come in and take over. If that's the case then I hope the deal falls through and those guys can fend for themselves. (Obviously this is all hearsay.)
Skywest Inc. is doing the buying... And the merging. ASA ain't bought ********************
Here's the thing:
JERRY DON'T BLUFF!!
Someone alluded to the situation as like Jerry being in a car dealership. Thing is, Jerry and board WANT the deal but, trust me, they decided before even making the offer that they don't NEED the deal.
I can see it now, "Ok, that didn't happen - bunch of idiots. Who wants Thai for lunch?"
Then why did he come back 2 years later to try and redo the deal?
Oh yeah and who does skywest inc. Own?
Decision upheld. 3 way orgy it is.
Because he can get XJT for a firesale. XJT is bleeding cash and may last another 18 months at this rate. He's doing them a favor but all of these chest thumping XJT guys are to stupid to realize it. Blow the deal now and he'll just buy you in bankruptcy down the road. (Personally I hope he does drop the deal.)
The price is almost the same as last time, and last time there was more cash in the XJT bank account. XJT isn't bleeding cash, the quarterly losses are less and less. At the very least XJT has 5 more years on a contract with CAL and 3 more with UAL. Bankruptcy is not the end of the world, ask Mesaba, UAL, CAL, USAir, DAL, or inevitable for XJT. Here's the thing, no one ever knows how things are going to turn out in this industry. All XJT pilots are asking for is that the contract is followed. That means a single list with all pilots that belong to whatever holding company ultimately owns or buys XJT. It is clear that the holding company that ultimately wants to buy XJT is SKY Inc. They can leave Skywest Airlines non union, but the XJT contract requires that all the pilots be put on one list period.