Jetblue takeover rumor still alive and well....

[Zipperhead]

If you think the POS contract we have at B6 is gonna protect you, you better look at whats happening in the industry. Do you honestly believe they won't find a loophole? I doubt their gonna pay 1900 pilots for a year to sit around and do nothing. Don't bet your house on it. You better have a contingency plan.

Look at all the airlines that had no furlough clauses and scope clauses. A Sh&tLoad of good it did them all. How about the way management just goes to court to abrogate contracts and impose pay cuts. I'm just saying don't bet if their is a buyout/merger, we're gonna get a years wages....



quote=sligo1;1362040]Not sure what you mean, but the pilot employment contract at JB is a legal binding contract. Not sure what you are talking about but your avitar says it all. Once again the contract is binding no matter what BS you think you know[/quote]

 

[sligo1]

Contingency Plan

Yeah its my AA number just like you, but better yet I should just go to McDonalds. Yes i agree JB will end up in a win win should they sell. Okay I guess it will be furlough #3 or the oh well FU your screwed letter.

 

[sligo1]

Oh Yeah

I don't smoke crack---------yet


Good Luck Guy's and Gal's

 

[737 Pylt]

Pilot Contract states 52 week pay if the airline is merged or sold. It's in a contract which is a legal document. Sorry no outs

I hope that's a joke, if not, you really haven't been around the airline industry very long.

737

 

[DougsRule]

"Quiet on the set, people!! Aaaaannnnddd cue The General in 3......2......1......>"

Quite honestly the funniest post on FI. However, I'm betting on UAL.

 

[A350]

The contract is legally binding....to abrogate it the company would have to have a reason to do so. Bankruptcy may be a legal reason, a merger or buyout probably wouldn't be enough.

Of course, in this business, anything is possible.

These rumors always have legs, but no merit. DAL has done many goofy things in the past few years, but to pay $4B for a terminal that is on the other side of the airport, that can't support widebodies, and just for the order book of E190's (they would still have to BUY the airplanes) and 100 Airbus aircraft that don't fit into DAL's fleet plan, it would be a fools errand at best.

Of course, IMO only.

A350

 

[Splert]

The contract is legally binding....to abrogate it the company would have to have a reason to do so.

You need to have an attorney read to you Paragraph 21 of your agreement and then have the significance of the last sentence of the paragraph explained.

You signed it and acknowledged that the company has reserved the right to make changes during the normal course of business by simply announcing that a change has been made.

Have a nice day

 

[Bavarian Chef]

Hamlet...Othello...what's the difference...forget it he's rolling

My dork test caught another...

Remember, I also say things like "Rocket Surgeon" on purpose though.

 

[sligo1]

Okay Splert your totally wrong in your legal analysis of the contract, although your interpetation of the contract is open for dispute. Once the company establishes sevrence pay for executives and other employee's it is also establishing precident. Now how will any court dispute the contract while other non-contracted employees are offered 26 weeks of compensation?

Good Night

 

[Splert]

Okay Splert your totally wrong in your legal analysis of the contract, although your interpetation of the contract is open for dispute. Once the company establishes sevrence pay for executives and other employee's it is also establishing precident. Now how will any court dispute the contract while other non-contracted employees are offered 26 weeks of compensation?

Good Night

If it helps you sleep better to believe what you believe then I wish you a good night.

 

[rattler]

Not sure what you mean, but the pilot employment contract at JB is a legal binding contract. Not sure what you are talking about but your avitar says it all. Once again the contract is binding no matter what BS you think you know

Nothing is legal and binding in this industry. Where have you been?

 

[Neubyfly]

Now how will any court dispute the contract while other non-contracted employees are offered 26 weeks of compensation?

Good Night

Very easily and very quickly.

(that is, if by dispute you mean change, allow change, nulify, modify, reject, amend, destroy, etc.)

 

[lowecur]

These rumors always have legs, but no merit. DAL has done many goofy things in the past few years, but to pay $4B for a terminal that is on the other side of the airport so you maybe don't think DL could use the present B6 terminal for feed, until an addition could be put on new terminal?, that can't support widebodies it can be easily modified to 15 gates, and just for the order book of E190's (they would still have to BUY the airplanes) and 100 Airbus aircraft that don't fit into DAL's fleet plan would be transitioned to buyers overseas after 737 order, it would be a fools errand at best.

Of course, IMO only.

A350

It can be done with Soros and other large investors help, but getting it by the Feds would be a big obstacle.

imp:​

 

[A350]

So if getting it by the Feds is such a problem, why are we talking about it?

Splert....you are corrrect that is says that. However for it to be binding, I have to agree to the change by signing it. There have been several modifications to the contract since my original one. Some changes like pay rates didn't require my signature. The latest one with the merger protections did require my signature. So if the company wants to try to take that out of the contract, IMO, I would have to agree to it.

A350

 

[lowecur]

So if getting it by the Feds is such a problem, why are we talking about it? I have no idea.

.....

imp:​

 

[J32driver]

Delta's motivation:
Its not the terminal, its not the 190's. Its simply to eliminate a competitor. If they buy us, they don't have to compete with us.

Congress Motivation:
Eliminating JetBlue will do alot to aleviate the mess in the Northeast. You'd pull capacity out of all 3 NY metro airports and that would go along ways to silencing the public who is becoming howling mad over the delays in and out of NY.

Things that make you go hmmmm:
1) Neeleman has been run off. Was it because he jacked up the 2/14 debacle, or was it ultimately because he might stand in the way of a merger/buyout?

2) The Vice Chairman of the Board position was created because Neeleman has seemingly walked away from the board too. Read the 8k thats states the Vice Chariman's duties. Oh yeah... the New Vice Chairman owns a Venture Capital group that specializes in Merger/Aquisition/Buyout activity.

3) Management just publishes the new merger protections for the masses. Did they do it because it would make a deal harder to do? Because they simply care for the crewmember? Or was it created because IT WAS GOING TO HIT THE FAN when the 8k was published that delatiled the Executive plan? What do you think would happen if they quietly put the Executive plan in place and tried to hide it while giving nothing to the masses?

So... for about $4 Billion, Delta could eliminate a huge competitor, gain 100 A320's to swap for 737's, get access to the 190 order book, get a new terminal in JFK, gatespace all up and down the East Coast, and promise to Congress to eliminate the traffic problems in and out of the NY area.

The sky isn't falling... but it does look noticeably closer than it did yesterday.

Oh yeah... I forgot to add... and our stock price just keeps going up. Kinda like someone might be accumulating it.

 

[737 Pylt]

Delta's motivation:
Its not the terminal, its not the 190's. Its simply to eliminate a competitor. If they buy us, they don't have to compete with us.

Makes sense....Its the same thing LCC tried with DAL.

Congress Motivation:
Eliminating JetBlue will do alot to aleviate the mess in the Northeast. You'd pull capacity out of all 3 NY metro airports and that would go along ways to silencing the public who is becoming howling mad over the delays in and out of NY.

I thought JB was the wall street darling? People love JB and its product, which in my opinion, is better than most airlines out there.

Things that make you go hmmmm:
1) Neeleman has been run off. Was it because he jacked up the 2/14 debacle, or was it ultimately because he might stand in the way of a merger/buyout?

You make a good point there too. To think Neelman was going to have his baby taken from him, he probably wouldn't have any of it.

2) The Vice Chairman of the Board position was created because Neeleman has seemingly walked away from the board too. Read the 8k thats states the Vice Chariman's duties. Oh yeah... the New Vice Chairman owns a Venture Capital group that specializes in Merger/Aquisition/Buyout activity.

Mergers in the airline industry. Unless everyone is pissed off, then it won't work properly.

3) Management just publishes the new merger protections for the masses. Did they do it because it would make a deal harder to do? Because they simply care for the crewmember? Or was it created because IT WAS GOING TO HIT THE FAN when the 8k was published that delatiled the Executive plan? What do you think would happen if they quietly put the Executive plan in place and tried to hide it while giving nothing to the masses?

Another good point, but remember how any legally binding contract can be quickly used as toilet paper in this industry

So... for about $4 Billion, Delta could eliminate a huge competitor, gain 100 A320's to swap for 737's, get access to the 190 order book, get a new terminal in JFK, gatespace all up and down the East Coast, and promise to Congress to eliminate the traffic problems in and out of the NY area.

You're right about the terminal problem. Our JFK facility is a debacle. Add to that the DCI fiasco, and you can now imagine what Ellis Island looked like back at the turn of the last century!

The sky isn't falling... but it does look noticeably closer than it did yesterday.

Oh yeah... I forgot to add... and our stock price just keeps going up. Kinda like someone might be accumulating it.

J32, you make some really valid points. Only time will tell.

737

 

[J32driver]

J32, you make some really valid points.

737

Kinda wish I didn't.

 

[Splert]

Splert....you are corrrect that is says that. However for it to be binding, I have to agree to the change by signing it. There have been several modifications to the contract since my original one. Some changes like pay rates didn't require my signature. The latest one with the merger protections did require my signature. So if the company wants to try to take that out of the contract, IMO, I would have to agree to it.

A350

Research the word "promulgate".

Nevermind, I will provide the definition for you:

Promulgate: To make known (a decree, for example) by public declaration; announce officially.

Read the last sentence of Paragraph 21 again.

No signature required.

Sorry...

 

[IronCityBlue]

If I were still at JB, the biggest concern to me would be George Soros, one of the biggest financial contributors to getting the company started, dumping most of his stock and interest in the company. It sure seems like something is cooking there. I wish them all the best

Soros is the least of our concerns. Since he's dumped stock recently its gone up. So what though, I'll take a buyout anyday over basically being run by that commie pig.