FAPA President, "Happy with the outcome."

[Frank Lorenzo]

I hope the F9 pilots have those fancy noise-attenuating headphones to drown out the laughter coming from the other pilots in the industry.

"My FAPA leaders said it was a bad deal so it must be true."

This has to be the bonehead move of the century.

"I turned down a job at the highest paying airline in the country that has never furloughed so that I could venture into the unknown with a company that is viewed as the cancer of the industry."

HAAAAAAA HAAAAA HAAAAAAA!!!!!

Great job guys!!!!

 

[AnimalTale]

How come Gary Kelly didn't up the bid. If he wanted F9 bad enough, couldn't he have just bought his way out of the labor deal...or just blew the labor part off and let they pilots work it out in arbitration?

Maybe Frontier's numbers weren't as good as everyone thought. It looks like he wanted them bad enough he could have steam rolled Republic.

Whatever. Looks like it will be that much easier for me to get on with SWA.

SWA would have been great. I think FAPA "railroaded" the deal. SWAPA wanted to negotiate over the weekend and the creditors "ended" the auction before the "extended" talks and right after the UNION IMPASSE. Gary never had a chance, the creditors and Judge were always pro-RAH---->Besides, our UNION President was part of the Creditors' Committee (talk about conflict of Interest).

CYA

 

[Tanker Clown]

It's an auction that ends on Monday. When it comes down to brass tax, the creditors want money. I imagine, there was some reason he didn't want to go beyond $170 mil and a labor deal. Maybe that's all that Frontier is worth and not a penny more. Maybe he saw something (like it's cheaper to wait them out). Pretty interesting considering the bankroll that SWA rolled in with.

 

[stratus72]

You know so much about our finances, we should hire you in HQ...especially since you went to law school, not business school. BTW, did you graduate from law school? If so, why are you so worried about losing your job at a bankrupt carrier? Were you disbarred, or didn't pass the bar exam? Inquiring minds want to know.

Oh, here come the insults. I'm far from worried about being let go from my carrier. You obviously read past posts, but aren't able to recall simple details. I love the job, product and people at Frontier. I'd hate to see it go. I'm well aware that time will tell if we were meant to survive. If SWA drives us out then it's meant to be. Yes, graduated second from the top back in 96'. I practice and passed the bar in 2 states. Freelancing alone, I venture to say I make more than most of your Captains. My point is $$ are not my issue with this deal. It's the details...and i just don't think it was a good deal for F9. I, like many of you, hope to see the details and see if this deal really did blow up in our face. I'm man enough to admitt there is the possibility. Any other questions?

 

[avrodriver]

S Gary never had a chance, the creditors and Judge were always pro-RAH---->Besides, our UNION President was part of the Creditors' Committee (talk about conflict of Interest).

CYA

I thought this from the very beginning. When Southwest came in with a big bag of money I was wondering how Bedford would still win.

He had this all laid out and had all the possible holes filled.

I don't think there was any way Southwest was going to win this bid...it wasn't automatically going to go to the highest bidder.

It was going to go to whoever they said they wanted it to go to.

All of these F9 bashers need to relax.

 

[stratus72]

I hope the F9 pilots have those fancy noise-attenuating headphones to drown out the laughter coming from the other pilots in the industry.

"My FAPA leaders said it was a bad deal so it must be true."

This has to be the bonehead move of the century.

"I turned down a job at the highest paying airline in the country that has never furloughed so that I could venture into the unknown with a company that is viewed as the cancer of the industry."

HAAAAAAA HAAAAA HAAAAAAA!!!!!

Great job guys!!!!

Prove it! Provide me with the details of the transactions in NYC. Show me that our Union blew the deal. Maybe they did, although i doubt it. Stop talking out of your a$$ and put forth the evidence!

 

[stratus72]

Oh, here come the insults. I'm far from worried about being let go from my carrier. You obviously read past posts, but aren't able to recall simple details. I love the job, product and people at Frontier. I'd hate to see it go. I'm well aware that time will tell if we were meant to survive. If SWA drives us out then it's meant to be. Yes, graduated second from the top back in 96'. I practice and passed the bar in 2 states. Freelancing alone, I venture to say I make more than most of your Captains. My point is $$ are not my issue with this deal. It's the details...and i just don't think it was a good deal for F9. I, like many of you, hope to see the details and see if this deal really did blow up in our face. I'm man enough to admitt there is the possibility. Any other questions?

By the way, I never claimed to know about your finances. Simple 3rd grade math will show there is a likely chance that you are going to face furloughs. Perhaps short lived, but furloughs nonetheless. I have several friends at your airline who have told me time and time again that there is a distinct chance it will occur. Then agan, guys like you say it will never happen. Then again, the same people told me F9 was toast in 97, then 98 and now 99.

 

[fiel12]

I'd bet the chances are very good you will furlough in the next 12-18 months...if that. Listen to yourself, dolt! You really think nothing will happen to SWA? Again, look at all the former heavyweights out there struggling to survive. I'm emberassed for you.

Anything can happen. you may be right. But seriously, if you had to bet money on which company (F9 or WN) will still be running 5 or 10 years from now, who can you honestly say you'd pick. No ill will to anyone, but WN's eggs are not all in the DEN basket.

Good Luck.

 

[stratus72]

Anything can happen. you may be right. But seriously, if you had to bet money on which company (F9 or WN) will still be running 5 or 10 years from now, who can you honestly say you'd pick. No ill will to anyone, but WN's eggs are not all in the DEN basket.

Good Luck.

Good point, I would place my bet with SWA as of today. However, much can happen over time. Republic is either going to create an exciting growth model over the years or we'll be revisting the courts at a later date. None of us know at this point...but I like our chances. I have no doubt SWA will be around for a long time to come...they are a good company...with a few pricks thrown in there. ;-)

 

[Daddy]

UPDATE 2-Republic wins Frontier auction over Southwest


By Deepa Seetharaman
NEW YORK/ATLANTA, Aug 13 (Reuters) - Republic Airways Holdings won its bid to buy bankrupt Frontier Airlines Holdings Inc for $108.75 million after a day-long auction in bankruptcy court late Thursday.
Republic beat out heavy favorite Southwest Airlines Co who waded into the mix in late July and ultimately submitted a binding offer of $170 million.

Labor issues between pilots' unions at Southwest and Frontier played a part in bogging down a deal. An agreement between the two parties was a necessary condition of the Southwest bid.
"It was a long process that's not quite over but I'm happy with the outcome," said John Stemmler, president of the Frontier Airlines Pilots' Association, of Republic's win.
"It happens to be aligned with keeping more jobs and we're very pleased with that."
Republic improved upon its bid by agreeing to waive recovery rights on its $150 million general unsecured claim, a move expected to boost the distribution to Frontier's unsecured creditors by 94 percent, Frontier said in a release.
Indianapolis-based Republic was Frontier's largest unsecured creditor.
"Republic submitted the highest and best bid, which included substantial improvements from its original investment proposal," Frontier said in its statement.
LABOR ISSUES; THE 'NEW REPUBLIC'
Industry experts had by and large expected Southwest to win the auction, a move that would have grown its presence in Denver and allowed it to explore international routes.
Southwest said a key reason its bid wasn't chosen was because it chose not to remove a requirement calling for pilot unions at its company and Frontier to reach agreement.
Pilots for Southwest and Frontier were in talks until nearly midnight Wednesday, but seniority remained a major sticking point between the two groups.

Stemmler said FAPA and Republic's pilots, who are Teamsters, have not yet discussed senority terms.
Republic, which runs regional flights with large airline partners, first reached a deal to buy Frontier earlier this summer.

Its plan provides for Frontier and its subsidiary Lynx Aviation to operate as subsidiaries of the overall company.
"As the regional airline industry feels the pain of their network airline customers' challenges, many will watch the "New Republic" closely to see if this is the new model for the industry," said Oliver Wyman consultant Andrew Watterson.
Frontier, which filed for Chapter 11 bankruptcy protection in April 2008, said it expected to emerge from Chapter 11 in the autumn.
The case is In re: Frontier Airlines Holdings Inc, U.S. Bankruptcy Court, Southern District of New York, No. 08-11298.
(Reporting by Karen Jacobs and Deepa Seetharaman; editing by Carol Bishopric)

Good luck with THAT