Skywest proposes to XpressJet

[Traumahawk]

Skywest proposes to XpressJet...pending religious conversion

sorry if this was already posted somewhere else, but what happens to xjet ALPA if this goes through?

http://biz.yahoo.com/ap/080128/airline_stocks_sector_snap.html?.v=1

ExpressJet Leads Airline-Stock Gains As Investors Hope for Acquisition by SkyWest; Oil Drops

NEW YORK (AP) -- ExpressJet Holdings Inc. led airline stock gains Monday as investors hoped that industry consolidation talks would include a deal between the Houston carrier and larger competitor SkyWest Inc.

ExpressJet shares rose 34 cents, or 14.8 percent, to $2.64 in morning trading. SkyWest investors were less enthusiastic about a potential deal, sending its stock down 31 cents to $24.70.
Hayman Advisors LP, which owns a 6.25 percent stake in ExpressJet, advised the company last week to abandon its ramp-up of branded-flying operations, sell non-core assets and look for potential merger or acquisition deals with competitors like SkyWest or Republic Airways Holdings Inc. The investment firm reported its suggestions in a Securities and Exchange Commission filing on Friday.
Media reports said SkyWest Chief Financial Officer Brad Rich responded to the letter by saying Skywest is open to acquiring smaller carriers like ExpressJet. Representatives from SkyWest and ExpressJet could not be immediately reached for comment.
Other airline stocks rose as light, sweet crude for March delivery lost 96 cents to $89.75 a barrel on the New York Mercantile Exchange. The Amex Airline Index rose 1.7 percent to 33.70. Fuel is one of the airline industry's highest costs.
UAL Corp. shares rose after Soleil Securities analyst James Higgins lifted its stock rating to "Buy" from "Hold" in a note Monday, saying its labor problems have diminished. UAL accomodated pilot-union demands by altering some schedules and improving work rules for narrow-body jet pilots.
"More work needs to be done," Higgins wrote, "but we are satisfied for now that labor issues will not disrupt the earnings outlook."
UAL shares rose 70 cents, or 2 percent, to $35.57 in morning trading.
Other gains were posted by AirTran Holdings Inc., which rose 31 cents, or 3.9 percent, to $8.32; Alaska Air Group Inc., which rose 71 cents, or 3.1 percent, to $23.31; US Airways Group Inc., which rose 31 cents, or 2.5 percent, to $12.60; and Continental, which rose 43 cents to $26.18.

 

[sktwstdfrk]

Big week for SKYW...first XJET, then takin on Delta....NEXT THE WORLD!
​

 

[Traumahawk]

you have GOT to be kidding me...(regarding moderator input...don't worry i fix it i fix it...now it's ambiguous)

 

[Longhorn]

Deleted.

BTW, Jimmy Tide 2008 for President. That man Loves a Clean Shirt.

Linger Longer!!

 

[Traumahawk]

It's been explained to me...so on this issue, we'll keep the peace. Satire folks...SNL did pretty well up until the Will Ferrell croud left...
:beer:

Now...on the real issue. If this goes through, what happens to ExpressJet's contract and work rules that many of us in the industry are trying to build on and exceed!?!

 

[OpsCheckGood]

you just posted an article about skywest and xjet, then added to the title that they were being forced to convert to Mormonism.


That's funny! I don'tcare what you say, that's funny!

 

[PCL_128]

Traumahawk, if it was a true merge, and not separate operations as with ASA, then a new representational vote would have to take place for the combined group. ExpressJet pilots seem to be very satisfied with their ALPA representation, so along with a third of the Skywest pilot group, I would imagine that the combined group would vote for ALPA representation. It would trigger new negotiations for a combined contract.

 

[Superpilot92]

What would happen would be that all of us Southern Boys would come in and steal all of skywest's hot FA's with our southern charm!!

 

[Avpilot]

What would happen would be that all of us Southern Boys would come in and steal all of skywest's hot FA's with our southern charm!!

Damn straight. I'm from Alabama...here we come bi+ches.

 

[Jon Rivoli]

Most likely XJet would pull back to Houston and Continental would get it's 69 ERJ's back, or more. I hear that they can cancel contracts for another 69 planes next January. That beautiful industry leading contract is a boulder hanging around your neck in the small jet provider sector. You have to ask yourself, "What's in it for SKYW?" What does EXJet have that SKYW might want? An expensive pilot contract? No. A backdoor for ALPA at SKYW? No. Additional flying for DAL at LAX? Yes. An independent branded opperation? Possibly. Another Major partner? Sure. If they can get what they want and insulate themselves from what they don't, wholesale or cheaper, then there might be a deal. Merger? Not likely, just ask ASA. Sorry for providing rational analysis. Mesa sucks, ALPA rules and Ron Paul for President! There is that better?

Cheers

 

[Microclimates]

Damn straight. I'm from Alabama...here we come bi+ches.

yup. that's charm alright

 

[Superpilot92]

Most likely XJet would pull back to Houston and Continental would get it's 69 ERJ's back, or more. I hear that they can cancel contracts for another 69 planes next January. That beautiful industry leading contract is a boulder hanging around your neck in the small jet provider sector. You have to ask yourself, "What's in it for SKYW?" What does EXJet have that SKYW might want? An expensive pilot contract? No. A backdoor for ALPA at SKYW? No. Additional flying for DAL at LAX? Yes. An independent branded opperation? Possibly. Another Major partner? Sure. If they can get what they want and insulate themselves from what they don't, wholesale or cheaper, then there might be a deal. Merger? Not likely, just ask ASA. Sorry for providing rational analysis. Mesa sucks, ALPA rules and Ron Paul for President! There is that better?

Cheers

Do you realize how stupid you sound? Yes voter maybe? WTF I guess the line above your avatar says it all except its backwards.

Also the 69 planes will never go to CAL unless XJT shuts down. Those are already off the CAL plate and are the "better" 50 seaters on the market. The next round of potential Cuts from the capacity agreement cant be announced until the end of 08 and cant be pulled till 2010. But i am sure you already knew that...

 

[atr42flyer]

Mesa sucks, ALPA rules and Ron Paul for President! There is that better?

Cheers

Hells ya Ron Paul!!!!!!!!

 

[Tomct]

Most likely XJet would pull back to Houston and Continental would get it's 69 ERJ's back, or more. I hear that they can cancel contracts for another 69 planes next January. That beautiful industry leading contract is a boulder hanging around your neck in the small jet provider sector. You have to ask yourself, "What's in it for SKYW?" What does EXJet have that SKYW might want? An expensive pilot contract? No. A backdoor for ALPA at SKYW? No. Additional flying for DAL at LAX? Yes. An independent branded opperation? Possibly. Another Major partner? Sure. If they can get what they want and insulate themselves from what they don't, wholesale or cheaper, then there might be a deal. Merger? Not likely, just ask ASA. Sorry for providing rational analysis. Mesa sucks, ALPA rules and Ron Paul for President! There is that better?

Cheers

This dude thinks Don Pablo...I mean Ron Paul has a chance. Need I say more, go back to your Kool-Aid there ravioli.

 

[amcnd]

the same thing that happened to ASA... Nothing!!!

 

[ATRCA]

Most likely XJet would pull back to Houston and Continental would get it's 69 ERJ's back, or more. I hear that they can cancel contracts for another 69 planes next January. That beautiful industry leading contract is a boulder hanging around your neck in the small jet provider sector. You have to ask yourself, "What's in it for SKYW?" What does EXJet have that SKYW might want? An expensive pilot contract? No. A backdoor for ALPA at SKYW? No. Additional flying for DAL at LAX? Yes. An independent branded opperation? Possibly. Another Major partner? Sure. If they can get what they want and insulate themselves from what they don't, wholesale or cheaper, then there might be a deal. Merger? Not likely, just ask ASA. Sorry for providing rational analysis. Mesa sucks, ALPA rules and Ron Paul for President! There is that better?

Cheers

Happy with the contract you work under? I'm sure its substandard and for some really demented reason, you would like to see the failure of a pilot group with a stronger contract. The worst part for you is that you bought into mgt's BS line that your pilot contract would make or break the company.

The reality of the situation is that XJT will survive or fail and there is nothing the pilot contract will do in either case. They pilots get what they negotiated, made the contract enforceable, and have exactly what they deserve. Too bad for you.

 

[Jon Rivoli]

I'm quite happy where I am thank you very much. If you're so sure our pay and work rules are so substandard, don't apply, please.

"The reality of the situation is that XJT will survive or fail and there is nothing the pilot contract will do in either case. They pilots get what they negotiated, made the contract enforceable, and have exactly what they deserve."

Just how long did it take CAL to drop those airplanes after that contract was ratified? Pilot labor costs are but one factor of many. You would have to ask CAL management if that was the deciding factor, but it was timely. Surely the prospect of additional reductions must give you reason to pause.

I do not wish to see the failure of XJet as you suggest. I am glad you are happy with your contract and wish to see your branded flying prosper. I think you are going about it in an intelligent manner focusing on smaller cities and avoiding directly competing with mainline. Everyone I know who has flown on you raves about the service.

The topic of the thread had to do with the possibility of Skywest acquiring XJet and I sought to offer some potential insights from SKYW's perspective.

Tomct and Superpilot; you wouldn't know intelligent discourse if it smacked you in the face.

Cheers

 

[ATRCA]

I'm quite happy where I am thank you very much. If you're so sure our pay and work rules are so substandard, don't apply, please.

"The reality of the situation is that XJT will survive or fail and there is nothing the pilot contract will do in either case. They pilots get what they negotiated, made the contract enforceable, and have exactly what they deserve."

Just how long did it take CAL to drop those airplanes after that contract was ratified? Pilot labor costs are but one factor of many. You would have to ask CAL management if that was the deciding factor, but it was timely. Surely the prospect of additional reductions must give you reason to pause.

I do not wish to see the failure of XJet as you suggest. I am glad you are happy with your contract and wish to see your branded flying prosper. I think you are going about it in an intelligent manner focusing on smaller cities and avoiding directly competing with mainline. Everyone I know who has flown on you raves about the service.

The topic of the thread had to do with the possibility of Skywest acquiring XJet and I sought to offer some potential insights from SKYW's perspective.

Tomct and Superpilot; you wouldn't know intelligent discourse if it smacked you in the face.

Cheers

Fair enough I guess, but the XJT pilot contract had nothing to do with the loss of XJT flying. There were many factors but pilot pay neither makes or breaks XJT financials. For the record, I don't work for XJT.

 

[ratherbeflyen]

Most likely XJet would pull back to Houston and Continental would get it's 69 ERJ's back, or more. I hear that they can cancel contracts for another 69 planes next January.

That statement sounds very factual, it makes it sound like you know what your talking about, but its only half truths. Makes it harder to wade through the bs.

That beautiful industry leading contract is a boulder hanging around your neck in the small jet provider sector. You have to ask yourself, "What's in it for SKYW?" What does EXJet have that SKYW might want? An expensive pilot contract? No. A backdoor for ALPA at SKYW? No.

True, being at the top usually puts you in a place that might leave a lot of room to fall. Instead of being pessimistic about xjt's contract try to be optimistic that everyone else will get as good or a better contract. Unless your for management. I wonder if the guys at FedEx UPS, and Southwest share your opinon and are trying to ditch the "boulder around their necks." I'm sure they are all saying lets take a pay cut to stay on industry average.

Should we put you up to a no vote on XJT SKYW mergers?

 

[Jon Rivoli]

Fed Ex and UPS are apples to oranges. I don't think WN pilots are expecting much more than COLA, I wish them well. An all important factor is that we fly for subcontractors who can be hired or fired relatively easily as has been demonstrated many times over the last few years. If the above mentioned pilot groups win large pay increases they have zero chance of getting fired.

Pessimistic, optimistic, realistic. You have to know where you stand.

I would be quite happy to see EXJet remain independant. ASA for that matter too. I have been a captain for a long time already and stand to gain nothing.

Cheers