Shrek
Well-known member
- Joined
- Oct 25, 2005
- Posts
- 1,640
Now i wonder if the DTW closure does have to do with TPG buying Midwest. The deal also involves Northwest, and give them the right to buy Midwest from TPG in the future. TPG other option, is to resell their stocks once they go through whatever they have in mind.
I don't know exactly what's cooking here, but it is really odd that this deal is going through at the same time Spirit is closing the DTW pilot base.
My take is that the next step will be to close the DTW base, scale down the flying there, focus on the flying at out of FLL. This was a deal made with Northwest in order to be able to go through with the Midwest buyout. What's in store next ? A merge with Spirit operation or make a quick buck with the resell of Midwest.
It just shows what these big private equity firms are all about. As long as they can make money, they'll do whatever it takes at the employees' expense. So let's stop blaming each other, we had absolutely no control over it. Let's all stick together and fight for a real contract. After all this is the only thing we can get from them, as long as we fight together.
By the way, Midwest is also ALPA with the most junior captain hired in 1998. Pretty scary......
Hold up there Turbo........TPG put together an offer and COULD be buying Midwest. As of today - the general consensus is that Airtran's deal is better for everybody involved. Who knows - TPG might actually take over but neither of us know that for sure now.