Lear70
JAFFO
- Joined
- Oct 17, 2003
- Posts
- 7,487
As an outside person looking in I am a bit amazed there is not more discussion of McCaskill-Bond. Clearly that legislation changed airline mergers forever. One person’s opinion to the detriment of the SWA pilots in this merger.
We hashed that back and forth for 30 pages about 2 months ago...
In short, the SWA argument is that M/B might never be triggered unless the two airlines are actually merged. There has been talk of "loopholes" in the Process Agreement that all 4 parties signed that would let them out of integration.
The AAI argument is that the Process Agreement, plus a side letter signed by their management binding Southwest to our Sec 1 language (which requires integration), plus public filings with the SEC, the DoT, the DoJ, the FAA, the NMB, and the shareholders, all say that integration has to happen.
For the most part, everyone has just agreed to disagree and moved on, realizing they aren't convincing us and we aren't convincing them. It occasionally pops up with newcomers from both airlines to the discussions, where it's briefly re-hashed, but for the most part, the rest of us have talked about it ad nauseum and realize it's not worth debating anymore.
Too much angst and totally not worth the discord it causes (like most of the threads here on FI).