JetBlue new top of scale pay rate ??

[Smarta$$]

We were accumulating cash. However we have been shedding cash for at least several quarters now.

 

[coogebeachhotel]

And invested in liquid short term securities.
Balance sheets don't lie. Unless its Worldcom or Enron...

 

[jonjuan]

Neeleman has no interest in JetBlue.
http://www.businessweek.com/article...st-in-buying-his-old-airline?campaign_id=yhoo

 

[AKAAB]

I think JetBlue can finesse this problem by keeping the current year one rate the same but raising the rates for all other longevities to match the award. Since there are no year one claimants, there would be no year one B-scale. Everyone else on the property would be brought to the same rate going forward. Yes, it would suck being the only pilots not to get a mid-year raise, but they would have unexpectedly higher pay to look forward to from year two on, which shouldn't be that hard a sell. And if year one pay wasn't a deal-breaker for would-be new hires before, the lack of change (but with higher year 2+ pay) wouldn't make the company less attractive, would it? There are no perfect solutions, but this one isn't bad. It would require JetBlue to begin leading on the issue and be proactive, though, and they've shown no sign of doing so. It's become obvious that though they could fix it, they won't until after they're made to.

Could be, but the consequence is going to be in future recruiting with a B-scale year one. Would a signing bonus bypass the 3A clause for newhires?

 

[coogebeachhotel]

http://www.reuters.com/article/2013/06/28/jetblue-neeleman-idUSL2N0F40OM20130628

It is inside information at BNDES according to the news. Someone internally made a huge mistake spilling the beans. It was legit enough news for big investors to get in and buy lots of JetBlue stock yesterday. Markets are the canary in the coal mine.

This is SOP in mergers. Deny, deny, deny. I saw this stuff at the front lines of investment banking for two years.

Google every airline merger in the last five years. All of them started with flat denials of interest.

If the price offered is high enough to entice shareholders then it is a done deal. If DN/BNDES offers $10 a share how can the BOD stop it? They can't.

Could it be a bit of psychological warfare and gamesmanship by Neelman? A rouse? Who knows but him.

As I said. We shall see. I do not have a crystal ball. Things change.

 

[fam62c]

If there is a bid I wonder if SW will enter the fray with an offer.

 

[Smarta$$]

I thought it was well known that SW already had made an offer on us?

 

[coogebeachhotel]

I am sure this release got potential rival investment groups stirred up.

 

[scoreboardII]

I thought it was well known that SW already had made an offer on us?

Nope, do tell all please.

 

[Fins Up]

Don't believe much you read here. There is a new rumor every other week about who is or has made an offer. Also, there will be no B-scale. Don't take my word for it though. It will all come out in due time.