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Media reports the Pilot deal is done. Not a word from our NWA MEC, any DAL info from this?
Hint: They might be busy right now. Can you hold your mud a few hours, or should we call 9/11?
I hear Midwest pilots will be placed at the top of the list.
What will this mean for the ones awaiting an interview with either carrier. Will they shut down the hiring, if so, for how long?
Anybody want to take a guess? Will it be relative seniority or some other method? Will there be fences put in place and if so for how long? What does this mean for new hires and prospective new hires?
What will this mean for the ones awaiting an interview with either carrier. Will they shut down the hiring, if so, for how long?
It means General Lee will be flying a Crj 200 and if he's lucky an E170.
I agree...I would imagine not much on the DAL side. They still need people to fly the summer months and the orders they have coming already. Once they are properly staffed for those it might slow down till the new plan is figured out. They are still going to hire 400 more pilots this year regardless of the outcome of the merger. I would think NW would be about the same.
Thanks! The report should have read:UPDATE 1-Northwest, Delta pilots plan uncertain-source
Tue Feb 19, 2008 2:46pm EST
(Recasts, adds background)
CHICAGO, Feb 19 (Reuters) - Leaders of the union representing pilots at Delta Air Lines Inc (DAL.N: Quote, Profile, Research) and Northwest Airlines Corp (NWA.N: Quote, Profile, Research) have a plan for combining the two work groups should their companies merge, a press report said on Tuesday, but a source familiar with the talks said the report was premature.
At least there are not reports of pilot representatives in local hospitals with blunt force trauma and gunshot wounds.
I agree...
But consider that all indicators are the new airline will be called Delta and HQ in ATL. That being the case, does anyone think NWA will continue to hire pilots independently?
If the goal is to consolidate operations, I'd think that the new Company would want one hiring, indoc and training program as quickly as they could get it up and running.
Some have posted that NWA is current on all of its' interviews and is taking a break until June. If this happens this week, NWA may be very close to interviewing its last pilot, ever. Just my guess that the surviving Company is going to be the surviving operations specification which will drive common training, etc....
Anyone been through this that has some insight?
Meaning NWA will stop hiring in the near future, or that they will continue?In the last 3 mergers I've been part of that wasn't the case.
It means General Lee will be flying a Crj 200 and if he's lucky an E170.
Found this on a finance web site. Numbers appear to come right out of the ALPA NWA/DAL Merger analysis.Delta is not buying NWA or anyone. If it goes will be a stock swap. DAL has $4.0 Billion debt due now through 2011, NWA $1.9. DAL has $1.0 Billion LESS cash on hand than NWA. DAL CASM is 10% higher than NWA. NWA Cash/Monthly Expense ratio over twice as good as DAL, 3.2 to 1.5 and NWA operating margin is almost 60% higher than DAL. NWA pretax margin is 139% higher than DAL. NWA had the highest operating margins in the industry in 2007. NWA gets 12% revenue from RJ's while DAL is 25%/expensive. DAL needs a merger/help before end of 2009 or gets tight on cash again. Over the next 20 years the Pacific Region will have over twice the growth rate of any other region. DAL Pacific operation is 0.2% of their overall ops. NWA has 10% of their operations in Asia. Who really needs who? p.s. Heard the equity is 7% but the pilots are FAR apart on seniority integration. Bet it will go to arbitration.
UPDATE 1-Northwest, Delta pilots plan uncertain-source
Tue Feb 19, 2008 2:46pm EST
(Recasts, adds background)
CHICAGO, Feb 19 (Reuters) - Leaders of the union representing pilots at Delta Air Lines Inc (DAL.N: Quote, Profile, Research) and Northwest Airlines Corp (NWA.N: Quote, Profile, Research) have a plan for combining the two work groups should their companies merge, a press report said on Tuesday, but a source familiar with the talks said the report was premature.
Although the source called inaccurate the Detroit News account that pilots had reached an agreement on how to merge seniority lists, speculation intensified that senior executives at the two airlines were closing in on a merger proposal that could be presented to their respective boards this week.
A deal "possibly will happen" in the next two days, according to a person briefed on the matter.
Delta and Northwest, industry sources have said, would prefer to offer a plan supported by labor, especially pilots, and have given those two unions time over the past two weeks to work out an agreement for combining their units. Both are members of the Air Line Pilots Association (ALPA).
The union represents 11,000 pilots at both carriers and each group has promised no consolidation without their input. Pilots also have said they would not be rushed into any agreement.
In addition to hammering out seniority, which is crucial to nearly every pilot's career, pilots also want equity in the combined company and other sweeteners to offset some concessions unions that made during bankruptcies at both airlines. (Reporting by Kyle Peterson, with additional reporting by John Crawley in Washington and and Jui Chakravorty Das in New York)
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