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DAL-NWA merger this week
- Thread starter thesource
- Start date
- Watchers 10
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DrewBlows
Go Tigers!
- Joined
- Jun 25, 2003
- Posts
- 2,031
His screen name is "thesource."
News reported tonight that every airline pilot in the country is getting a raise in February. Drewblows says it's true!
Noserider76
Teahupoo
- Joined
- Jul 9, 2004
- Posts
- 789
Was there ever really a question once Whitehurst was passed over and Anderson was hired?
I hope the employee groups can get together, take some of the lessons learned from other mergers, and make this a little less painful. I've been at both companies and they are both full of great people. If this is done from a position of unity and cooperation, the employees may even be able to avoid job losses, get back some of the losses of the last several years, and get equity in the new company. How about:
- NWA brought up to DL payrates followed by an immediate 10% pay raise
- 15% Defined Contribution plan
- Equity in the new company
- Aircraft order/DC-9 replacement solution
- Scope resolution
- Work rules re-opened
Wishful thinking, I know, but possible. Best of luck to all of us.
I hope the employee groups can get together, take some of the lessons learned from other mergers, and make this a little less painful. I've been at both companies and they are both full of great people. If this is done from a position of unity and cooperation, the employees may even be able to avoid job losses, get back some of the losses of the last several years, and get equity in the new company. How about:
- NWA brought up to DL payrates followed by an immediate 10% pay raise
- 15% Defined Contribution plan
- Equity in the new company
- Aircraft order/DC-9 replacement solution
- Scope resolution
- Work rules re-opened
Wishful thinking, I know, but possible. Best of luck to all of us.
On Your Six
Well-known member
- Joined
- Mar 8, 2004
- Posts
- 4,507
Truckdriver
Well-known member
- Joined
- Feb 10, 2004
- Posts
- 976
How about replace them with the E-175/190/195 and have all of them flown by mainline pilots. All jets with 70+ seats being flown by mainline pilots would mean no job loses and more jobs in the future. I know it probably won't happen, but it would be nice.
GogglesPisano
Pawn, in game of life
- Joined
- Oct 20, 2003
- Posts
- 3,939
Palomino
Well-known member
- Joined
- Mar 9, 2004
- Posts
- 582
no-furlough clause isn't worth wiping with. love the idea, but they always find a way to skirt the language.
Noserider76
Teahupoo
- Joined
- Jul 9, 2004
- Posts
- 789
On Your Six
Well-known member
- Joined
- Mar 8, 2004
- Posts
- 4,507
I thought my Delta buddy told me there was a no-furlough clause at Delta that included all pilots up through the last furloughee (TB Kane)?
EMB170Pilot
Well-known member
- Joined
- Dec 25, 2004
- Posts
- 1,576
good idea. Buy RAH and take our 170s/175 and integrate the pilot list and all is good!!!
or, vice versa, we buy you and integrate the pilots.
these planes deserve to be at mainline
Schwanker
Well-known member
- Joined
- Dec 17, 2001
- Posts
- 486
From CNBC Website - dated 21 Jan
Maybe this is the source being quoted:
Name, HQ spot are thorny merger issues
By HARRY R. WEBER updated 2:33 p.m. CT, Mon., Jan. 21, 2008
ATLANTA - A particularly thorny issue for Delta Air Lines Inc. in its talks with United Airlines and Northwest Airlines about a combination with one of the carriers is where the merged company would be based and what it would be called, industry observers say.
In recent months, Delta executives have spoken in near absolute terms about their desire and intention of keeping the Delta name and the headquarters in Atlanta. But aviation experts say such certainties are hard to achieve in complex negotiations that often involve competing interests.
"This is a business of egos," said Robert Mann, a Port Washington, N.Y.-based airline consultant. "While lots of things get negotiated, some of the toughest to negotiate are those sorts of issues that go with what it's going to be called, where it's going to be headquartered, and who is going to run it."
Delta spokeswoman Betsy Talton reiterated Monday that Delta's board is analyzing strategic options, including potential consolidation transactions, but she declined to provide any update on the process or address the name and headquarters location issues.
Rep. Lynn Westmoreland, R-Ga., said his office has told Delta officials of its concern about the course of the merger discussions and in particular the issue of possibly moving the headquarters and changing the company name.
He said he has seen recent news reports discussing various scenarios involving the three airlines.
"Usually in this business you find out where there's smoke, there's fire," Westmoreland said.
Northwest Airlines Corp. officials are likely just as eager to see any combination they are involved in keep the Northwest name and the company based in Eagan, Minn., as United officials would likely want to keep the United name and keep its parent company, UAL Corp., based in Chicago.
In Northwest's case, Minnesota Gov. Tim Pawlenty pointed out last week in a letter to the chief executives of Northwest and Delta that Northwest has made financial commitments to keep its headquarters and a hub in Minnesota. Northwest would give up $215 million in financial incentives at the airport between now and 2020 if it moves its headquarters out of Minnesota. Pawlenty told reporters Thursday that his state would be willing to make additional commitments if that would keep Northwest based there.
One of the biggest factors driving renewed talk of consolidation has been the sharp increase in fuel prices, among the industry's biggest costs. Jet fuel costs have surged along with the price of oil, which jumped 58 percent last year.
The clock is ticking to get any deals accomplished quickly, some observers say. That is because industry observers believe a combination has a better chance of surmounting the considerable political and regulatory hurdles under the current administration than whatever might follow it.
But Mann said he thinks the airlines will take their time.
"I don't think it's going to happen soon because of the nature of not only the individual negotiations, but also the need to game out what will be the competitive responses," Mann said.
Terry Trippler, a Minneapolis airline expert, said he has noticed some subtle changes in wording in how the airlines have addressed the issue of name and headquarters location in recent months.
Delta President and Chief Financial Officer Ed Bastian told Atlanta television station WXIA in late November: "Delta as a buyer, headquartered in Atlanta, run by Delta people: Those are our terms." Then, last Wednesday, Sen. Johnny Isakson, R-Ga., told reporters that Delta CEO Richard Anderson had recently told him that "as far as he was concerned" Delta would combine with another airline only if it keeps its name and maintains its current presence in Atlanta.
"I think we might be surprised who the buyer is and who the seller is," Trippler said.
Trippler said one possible scenario he envisions is a combination where the two airlines maintain their separate names and keep their headquarters cities as operational hubs, but have one board of directors located in one city.
Morton Pierce, a New York-based mergers and acquisitions expert with the law firm Dewey & LeBoeuf, said that in these types of negotiations, one side can demand whatever it wants.
But, he added, "If you want to get a deal done, there is give-and-take and compromise."
Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Maybe this is the source being quoted:
Name, HQ spot are thorny merger issues
By HARRY R. WEBER updated 2:33 p.m. CT, Mon., Jan. 21, 2008
ATLANTA - A particularly thorny issue for Delta Air Lines Inc. in its talks with United Airlines and Northwest Airlines about a combination with one of the carriers is where the merged company would be based and what it would be called, industry observers say.
In recent months, Delta executives have spoken in near absolute terms about their desire and intention of keeping the Delta name and the headquarters in Atlanta. But aviation experts say such certainties are hard to achieve in complex negotiations that often involve competing interests.
"This is a business of egos," said Robert Mann, a Port Washington, N.Y.-based airline consultant. "While lots of things get negotiated, some of the toughest to negotiate are those sorts of issues that go with what it's going to be called, where it's going to be headquartered, and who is going to run it."
Delta spokeswoman Betsy Talton reiterated Monday that Delta's board is analyzing strategic options, including potential consolidation transactions, but she declined to provide any update on the process or address the name and headquarters location issues.
Rep. Lynn Westmoreland, R-Ga., said his office has told Delta officials of its concern about the course of the merger discussions and in particular the issue of possibly moving the headquarters and changing the company name.
He said he has seen recent news reports discussing various scenarios involving the three airlines.
"Usually in this business you find out where there's smoke, there's fire," Westmoreland said.
Northwest Airlines Corp. officials are likely just as eager to see any combination they are involved in keep the Northwest name and the company based in Eagan, Minn., as United officials would likely want to keep the United name and keep its parent company, UAL Corp., based in Chicago.
In Northwest's case, Minnesota Gov. Tim Pawlenty pointed out last week in a letter to the chief executives of Northwest and Delta that Northwest has made financial commitments to keep its headquarters and a hub in Minnesota. Northwest would give up $215 million in financial incentives at the airport between now and 2020 if it moves its headquarters out of Minnesota. Pawlenty told reporters Thursday that his state would be willing to make additional commitments if that would keep Northwest based there.
One of the biggest factors driving renewed talk of consolidation has been the sharp increase in fuel prices, among the industry's biggest costs. Jet fuel costs have surged along with the price of oil, which jumped 58 percent last year.
The clock is ticking to get any deals accomplished quickly, some observers say. That is because industry observers believe a combination has a better chance of surmounting the considerable political and regulatory hurdles under the current administration than whatever might follow it.
But Mann said he thinks the airlines will take their time.
"I don't think it's going to happen soon because of the nature of not only the individual negotiations, but also the need to game out what will be the competitive responses," Mann said.
Terry Trippler, a Minneapolis airline expert, said he has noticed some subtle changes in wording in how the airlines have addressed the issue of name and headquarters location in recent months.
Delta President and Chief Financial Officer Ed Bastian told Atlanta television station WXIA in late November: "Delta as a buyer, headquartered in Atlanta, run by Delta people: Those are our terms." Then, last Wednesday, Sen. Johnny Isakson, R-Ga., told reporters that Delta CEO Richard Anderson had recently told him that "as far as he was concerned" Delta would combine with another airline only if it keeps its name and maintains its current presence in Atlanta.
"I think we might be surprised who the buyer is and who the seller is," Trippler said.
Trippler said one possible scenario he envisions is a combination where the two airlines maintain their separate names and keep their headquarters cities as operational hubs, but have one board of directors located in one city.
Morton Pierce, a New York-based mergers and acquisitions expert with the law firm Dewey & LeBoeuf, said that in these types of negotiations, one side can demand whatever it wants.
But, he added, "If you want to get a deal done, there is give-and-take and compromise."
Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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