Island Air sold

[dash8driver]

yes, according to the high paid AQ lawyers, its probably legal. but lawyers dont determine whats legal and whats not. they just find loopholes and argue that their interpretation is right. its up to a judge/arbitrator to determine if its legal or not.

as what was said earlier, ALPA's high paid lawyers are looking at it too. AQ lawyers have a much bigger headstart since ALPA only found out about this days ago. if ALPA lawyers come up with a different interpretation, you can bet it will take an arbitrator to settle the case.

i agree though, this could be bad news for anyone that wants to make a decent living at a decent airline, flying jets. its great news for the few people at WP that are stuck there or dont want to leave.

 

[Freight Dog]

If dance around scope is all it is, this will boil down to fancy lawyering and a decision by the arbitrator.


Check your PM's 402. Should change that 402 part out

 

[402driver]

I would if I knew how!

Sup Dog,

Thanks for the PM. It did shine some light on the situation. As far as the 402 thing...I don't know how to change my user name!

I hope that ALPA & their attorneys can figure this out. As far as WP & AQ goes....I just hope that everyone remembers that we were once on the same team. I personally am very sad about this whole thing.

Oh well, at least Christmas won’t be boring!

 

[Sleepyhead]

For those interested in what happened at the meeting, here are some of the Qs and As.:

Why did Aloha sell Island Air?
The timing was right, and it is not true that Aloha needs to
raise cash.
What will the relationship be between AQ and WP?
WP will still have a marketing agreement with AQ and use AQ
flight numbers on flights.
What is the structure of the new company?
Charles Willis and son Austin have bought the company as a
private investment, separate from the Willis leasing company
which currently leases the Dash-8s to WP. Neil Takekawa will
remain president of Island Air while Charles Willis will serve as
chairman and Austin Willis as vice president of strategic and
business development.`No additional board members picked
at this time.
Are there any regulatory hurdles to be cleared to make the deal happen, such as ATSB?
That has to do with Aloha not Island Air.
(none answer, it has been reported in the newspapers that the
ATSB must approve the deal)
When is this going to happen?
The deal will be finalized on March 1. (if passing regulatory
hurdles) On March 1, WP will start flights from OGG to KOA and
ITA. A few months after that service to LIH will be added.
What is the plan for WPs future?
We do not want to compete with AQ or HA. Our plan is to fly
routes that are not served or are under-served by the others.
Since 911, HA and AQ have cut interisland service and marketing
studies show there is high demand for service between OGG
and the Big Island. As for Kauai, we will plan for early morn and
late evening flights that HA and AQ do not have.
How many new airplanes and where will you get them?
All planes will be Dash-8-100s. Will get 2or 3 before March 1.
We will buy them from who ever gives the best deal.
How long was this in the works?
At least 6 months.
What does Aloha's Pilot Union think about this?
No comment.


My take on the info given at the meeting was that this was all about getting around the scope clause. Statements made by both Aloha and WP management said they have been interested in expanding Island Air for a long time but were unable to.
Why else would you sell a company and then still have the same marketing agreement you had before.
In the long run I think this will hurt HA a lot more than AQ.

 

[Trash8Mofo]

My take on the info given at the meeting was that this was all about getting around the scope clause. Statements made by both Aloha and WP management said they have been interested in expanding Island Air for a long time but were unable to.
Why else would you sell a company and then still have the same marketing agreement you had before.
In the long run I think this will hurt HA a lot more than AQ. [/B]

As I have said before, by expanding Island Air and getting around ALPA to do so, this will sqeeze Hawaiian pretty hard. There is no way Hawaiian can match the Aloha brand name (WP and AQ) with its 717s. And since WP is "technically" an independent company now, this will clear the way for Hawaiian to fold or try another merger down the road. Aloha has been wanting to change the nature of its business, and it will need more west coast destinations to do so. AQ would love to have a big bite of Seattle, Portland, Las Vegas, PHX, and San Diego (all dominated by HAL at this time). As for interisland, I suspect AQ will only retain the major routes in the future (eg HNL-OGG/LIH/KOA/ITO), and left the rest to WP (the retirment of the 200s will accelerate this transfer). As far as AQ ALPA is concerned, they would be happy as long as the 700s are growing, and retaining the profitable interisland routes. But if things hit the fan with the 700s, ALPA will raise hell. But thats just what I predict the big picture will be and its probably wrong. Something for you to chew on.

 

[topdawg]

thought

The Chings sold 100% of Island Air's stock to the Willis Leasing Corp. But at the same time the Chings traded for stock in Willis Leasing Corp which now owns Island Air. That's where the interest is. So......the Chings don't own it anymore but, are stock holders of the new Island Air.

 

[DashCash(less)]

Yea Boy!!

and i just bought stock in Willis, al'right! Maybe I'll make some money for a change.

 

[jjp]

I went into our (AQ) office today to check on a resume for a friend of mine at WP and one of the ladies who is in charge of these things told me that she had been "ordered" to pull all Island Air applicants out of the file. Apparently, the instructors (who do the interviewing) hate WP in general and are ecstatic that they no longer have to look at them. I was also told by someone who should know that another two ex Island Air pilots failed upgrade training, that one recently hired WP pilot was about to be given walking papers and that my friend had "virtually no chance".

This is B.S.

 

[Hugh Jorgan]

I went into our (AQ) office today to check on a resume for a friend of mine at WP and one of the ladies who is in charge of these things told me that she had been "ordered" to pull all Island Air applicants out of the file. Apparently, the instructors (who do the interviewing) hate WP in general and are ecstatic that they no longer have to look at them. I was also told by someone who should know that another two ex Island Air pilots failed upgrade training, that one recently hired WP pilot was about to be given walking papers and that my friend had "virtually no chance".

This is B.S.

Donning my nomex suit in anticipation of what this post will bring forth...

 

[Sleepyhead]

"The Chings sold 100% of Island Air's stock to the Willis Leasing Corp. But at the same time the Chings traded for stock in Willis Leasing Corp which now owns Island Air. That's where the interest is. So......the Chings don't own it anymore but, are stock holders of the new Island Air...."


Well not exactly correct. Charles Willis and his son Austin have formed a private company called Gavarnie. Island Air was sold to Gavarnie. Willis Leasing has no corparate interest in Gavarnie except that it leases 4 Dashs to Island Air. Charles Willis only owns 37% of Willis leasing.
Since it has been reported that the Willis's own 100% of Gavarnie, I'm guessing the Chings got stock in Willis Leasing.

If Willis leasing is a public company, it would be easy to find out.
Does anybody know anything about Willis leasing?

 

[Hugh Jorgan]

http://www.wlfc.com/

 

[DashCash(less)]

Gotta Love It

I guess Aloha will be full of furloughed Delta & United guys (well, at least until they get called back, then they’re adios). Hey, maybe Aloha will open up a base on the mainland so that new hires will feel at home.

Hey wait, does that mean that Aloha will start hiring Hawaiian furloughs? I'm not certain, but I don't think they get along with Hawaiian pilots either. Oh well, I guess Hawaiian pilots can still go to Island Air, go figure!?

 

[Slim Dusty]

"This is B.S."

The news or the post itself?

The 2 prior IA guys who upgraded in Nov passed. And I DH'd on a flight with LB doing IOE. He was happy as a clam and I think he was the last one hired.

 

[DashCash(less)]

"This is B.S."

The news or the post itself?

The 2 prior IA guys who upgraded in Nov passed. And I DH'd on a flight with LB doing IOE. He was happy as a clam and I think he was the last one hired.

Ahhhh reality. It is so good to see you again.

I guess some people just have to stir-up the pot. But it looks like JJG is from france, so we all expected that.

 

[islandhopper]

Ahhhh reality. It is so good to see you again.

I guess some people just have to stir-up the pot. But it looks like JJG is from france, so we all expected that.

(in my best french accent) He is JJ z french fighter piloooot. When he goes down, he goes down in flames!!