Delta acquisition of NWA almost finalized!

[Superpilot92]

That still doesn't answer my question. What difference would it make?

It doesnt matter, its just something for the children on here to argue about. Gets pretty old doesnt it?

 

[FDJ2]

It is most certainly not an acquisition!

Lets see...

Delta gives Northwest's shareholders stock in exchange for Northwest to give Delta's shareholders stock. Stocks swaps have never been how acquisitions are done. If this is not a merger, please explain to me how a merger is structured.

"A stock swap, also known as a share swap, is a business takeover or acquisition in which the acquiring company uses its own stock to pay for the acquired company. Each shareholder of the newly acquired company receives a certain number of shares of the acquiring company's stock for each share of stock they previously held in the acquired company."

http://en.wikipedia.org/wiki/Stock_swap

 

[nonstop]

It will be, bank on it.

The gloves will be off as both sides try and get the best deal possible for their pilots. I would also imagine a negotiated settlement after the 3 arbitrators give their hints prior to their decision.

Jesus... they make you guys wear gloves too? As if the uniform wasn't gay enough. I draw the line at the hat!

 

[PuffDriver]

Jesus... they make you guys wear gloves too? As if the uniform wasn't gay enough. I draw the line at the hat!

Whatever. Go ahead and quit, tough guy, if you think that the uniform is so gay. I didn't think so.


It IS an acquisition. That little fact DOES matter. It WILL be presented as such.

 

[~~~^~~~]

I've not heard the term "acquisition" used anywhere but here. I hear the word "merger" used very frequently. The outcome of pilots debating semantic terms is nothing more than a diversion for bored pilots. I do believe that in the long run, both Delta and NWA pilots will see gains from this transaction.

The NWA pilots will have to adjust to the Delta way of doing things. Delta's flight standards, uniforms, policies and procedures remain after the transaction. There is not any point in fighting it. Others may have been harsh, but it will be a lot easier for NWA pilots to accept what they can not change.

What is more relevant is the objective changes in fleet numbers, the SLOA allowing Delta MD88 pilots to fly over their ALV caps, canceled displacements and growth aircraft. I am more interested in how arbitrators meet their obligation to meet, or improve on, status quo.

Frankly, at the junior end of the list, that is going to be difficult work. Delta's 2007 hires are holding (block in NWA speak) lines on the 757 and 767 both domestic and international. On the MD88's they are pretty senior in the right seat. Another big advanced entitlement for growth comes out on the DAL side in October. It looks possible that a few out of the class of 07 may even get on the 777, or MD88A in NYC. Those results should be available before the arbitration is final. (not that I'm leaving any facts out about NWA, I just don't know if you are doing advancement bids)

If past results are useful for prediction of future outcomes then I expect relative seniority, by equipment. That still does not address the base issues, but if given the choice between NYC, MSP, or DTW, they are about a toss up. I think we will all miss NWA's commuting language.

JMHO

 

[michael707767]

Delta gives Northwest's shareholders stock in exchange for Northwest to give Delta's shareholders stock. Stocks swaps have never been how acquisitions are done. If this is not a merger, please explain to me how a merger is structured.

actually, almost all acquisitions are done with a stock swap. Do some research and see if I am wrong.

 

[nonstop]

Whatever. Go ahead and quit, tough guy, if you think that the uniform is so gay. I didn't think so.


It IS an acquisition. That little fact DOES matter. It WILL be presented as such.

All your seniority are belong to us.

 

[ACL65PILOT]

what are you trying to say non-stop?

 

[~~~^~~~]

Its a play off a Japanese video game that made a poor translation to Engrish.

"All you base belong to us" I'm sure you have seen:
http://www.youtube.com/watch?v=qItugh-fFgg

 

[Fly4hire]

What's your point and how does it make any difference at all to the line pilot? The idiots on Wall Street can call it anything they want but to us it's a merger of operations.

Thank you.

For those that don't get it here's a hint:

Show me the money in any filing of DAL purchasing NWA. Good luck finding it. It's going to be a swap stock. The only spoils going to victors are WS M&A lawyers and the CEO's.

 

[~~~^~~~]

Can't say "all the spoils." After all, pilots are getting some equity to make up for going to Vegas with their seniority.

 

[Whine Lover]

It doesnt matter, its just something for the children on here to argue about. Gets pretty old doesnt it? __________________


Perfect.

Yes.

History repeats and the Morons never get any smarter.


YKMKR

 

[ACL65PILOT]

We will present our cases, and a third party will decide. That way none of us are to blame. The American way. TIC

 

[Occam's Razor]

I understand both MEC's Acquisition Committees will present their cases in LA next week.

The lists will be merged...not acquired. That is what matters to us, the pilots.

The corporate event matters only to the dorks who believe they went "bankrupt" when their airline did.

Beware of small-weenied dinks who think the type of corporate transaction has bearing on the Arbitration Panel. (Hint: The Process LOA eliminates that possibility)

 

[nwaredtail]

I understand both MEC's Acquisition Committees will present their cases in LA next week.

The lists will be merged...not acquired. That is what matters to us, the pilots.

The corporate event matters only to the dorks who believe they went "bankrupt" when their airline did.

Beware of small-weenied dinks who think the type of corporate transaction has bearing on the Arbitration Panel. (Hint: The Process LOA eliminates that possibility)

Those pesky details again