Splert
PoipuBayResort15thTBox
- Joined
- Nov 25, 2001
- Posts
- 1,188
This section is exactly what we have now. The lawyers just used more words.
The top of the decision tree starts with the simple question.
Is the alter ego a covered alter ego under the terms of Section 15 C.
If not then Section 15 does not apply.
A covered alter ego is one in which Jetblue owns an interest and 'Controls'.
Control is the key definition is a alter ego is covered by Section 15 or or not.
If Jetblue buys 60% of VA and appoints a majority of the officers of VA under Section 15 that is not Control and thereby VA is not a covered alter ego and Section 15 C does not apply and that is what we have now - no protection exept we have a pilot group that thinks we are and keep pointing to 'and'/'or' vs the key trigger and that is the non standard definition of "Control".
You have been played. If you are on the 190 GTF off of it now.
I'm dead serious.
The top of the decision tree starts with the simple question.
Is the alter ego a covered alter ego under the terms of Section 15 C.
If not then Section 15 does not apply.
A covered alter ego is one in which Jetblue owns an interest and 'Controls'.
Control is the key definition is a alter ego is covered by Section 15 or or not.
If Jetblue buys 60% of VA and appoints a majority of the officers of VA under Section 15 that is not Control and thereby VA is not a covered alter ego and Section 15 C does not apply and that is what we have now - no protection exept we have a pilot group that thinks we are and keep pointing to 'and'/'or' vs the key trigger and that is the non standard definition of "Control".
You have been played. If you are on the 190 GTF off of it now.
I'm dead serious.