SWA / Frontier Deal Off For Now!

[vv100]

Mcain Feingold and the Mohawk Allegeny acts prohibit this from happening. It's Federal Law, people need to get use to it.

And you need to get used to the idea you have no fvking idea what your talking about. We ALL realize it. Time you should too.

Small qoute from SWAPA legal.

The Bond-McCaskill amendment
does not require a carrier to hire
the employees of another carrier,
nor does it require a merger of the
carriers in the event of a transaction.
That means, for example, were
SWA to acquire assets of another
carrier (like the MDW operation of
ATA or AirTran’s ATL operation)
it is not required to hire those
employees. Further, if SWA acquired
another carrier, and chose (with the
Association’s consent) to operate
the carrier separately, it could do so
without having to effect a merger

 

[CHQ Pilot]

I thought that new federal law prohibits any stapling job, ie AA/TWA from ever happening again??

This is the exact language. Emphasis added.

(4) C​

​

​

​

OVERED TRANSACTION.—The term ‘‘covered
transaction’’ means—​

(A) a transaction for the combination of
multiple air carriers into a single air carrier;
and which
(B) involves the transfer of ownership or
control of​

​

​

​

—​

(i) 50 percent or more of the equity securities
(as defined in section 101 of title 11,
United States Code) of an air carrier; or
(ii) 50 percent or more (by value) of the assets​

of the air carrier.

If two air carriers are not combined and the operations stay entirely separate, then it is not a covered transaction. Therefore if an airline meets part B but does not want to combine the two carriers, A-M would not apply.

Link to the entire wording.

http://bulk.resource.org/gpo.gov/record/2007/2007_H10678.pdf

 

[scottdonley]

deleted

 

[Quiet Flight]

According to the SWAPA feed on twitter, as of 1847 Eastern the deal is dead.

 

[FDJ2]

And you need to get used to the idea you have no fvking idea what your talking about. We ALL realize it. Time you should too.

Small qoute from SWAPA legal.

The Bond-McCaskill amendment
does not require a carrier to hire
the employees of another carrier,
nor does it require a merger of the
carriers in the event of a transaction.
That means, for example, were
SWA to acquire assets of another
carrier (like the MDW operation of
ATA or AirTran’s ATL operation)
it is not required to hire those
employees. Further, if SWA acquired
another carrier, and chose (with the
Association’s consent) to operate
the carrier separately, it could do so
without having to effect a merger

Get a new legal department. If you buy another airline and their PWA specifies that a successor must integrate the seniority lists, say hello to A-M.