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So can DAC buy the CA airplanes/contracts and give them to Flexjet instead? Not saying I want this to happen just wondering if that's going to be the next move by KR.
Looks like CA will be Avantair part 2 now.
It looks like the IBT 1108 said NO to the proposal from Flight Options management to the deal offered to take the aircraft from CS and leave the pilots behind.
And I pay dues why? We just left 85 furloughed pilots on the street. I see a de-cert vote in the near future.
And I pay dues why? We just left 85 furloughed pilots on the street. I see a de-cert vote in the near future.
And I pay dues why? We just left 85 furloughed pilots on the street. I see a de-cert vote in the near future.
IBT 1108 Union lawyers say that that McCaskill-Bond would apply so no deal without pilot integration.
Now FO management has to decide to do the deal with Citation and take the pilots as well as the aircraft.
And I pay dues why? We just left 85 furloughed pilots on the street. I see a de-cert vote in the near future.
M-B does not apply if the aircraft are either returned to the leasing company (if any) or sold. Good luck, but hanging on to a listing ship is never a good idea, particularly when its keel is starting to show.
Bob
And I pay dues why? We just left 85 furloughed pilots on the street. I see a de-cert vote in the near future.
I will have to go with what our lawyers say and trust their opinion in this matter. I think they have my interst in mind more then the company lawyers or other posters on Flightinfo.
I recommend that you research things for yourself. I do not trust attorneys. I don't. (I am one but chose not to practice)
McCaskill-Bond statute (49 U.S.C. ? 42112) applies when two or more air carriers are involved in a "covered transaction." This is defined in the statute as:
Purchasing less than 50% of the assets (if the aircraft are assets, which I doubt, as the vast majority of aircraft and ALL Frax (which by definition) are not assets of the company) makes M-B moot.
- A transaction for the combination of multiple air carriers into a single air carrier; and which
- Involves the transfer of ownership or control of?
- 50 percent or more of the equity securities (as defined in section 101 of title 11, United States Code) of an air carrier; or
- 50 percent or more (by value) of the assets of the air carrier. 49 U.S.C. ? 42112 (b)(4).
Finally, you are incorrect. Your lawyers are in the debate because it makes them money and for no other reason.
Bob