typhoonpilot
Daddy
- Joined
- Feb 24, 2002
- Posts
- 1,381
Everyone knows USAir was on the way out. They would have liquidated had AWA not come in and rescued them. It should be a percentage merger. If you are in the bottom 10% of USAir, you should be in the bottom 10% of the merged carrier. It doesn't matter if the bottom USAir guy had 17 years, he almost was unemployed and none of that would have mattered. Too bad.
Like I said previously, "do your homework". The failing carrier argument doesn't work with this arbitrator, this from the Flying Tiger Line/Federal Express integration:
On the other hand, I cannot accept the FEC proposal because it relies on a single criterion while minimizing Tiger's contribution to the merger and unduly exaggerating Federal's unmerged future.
Based on this Record, it's evident enough that Tiger was not a "failing" carrier, as that term is commonly understood. It is equally evident, however, that it was not markedly robust, nor the beneficiary of a sustained period of well-being. Arbitrators in prior cases have generally not found the relative weakness of one merger partner vis-a-vis the other of overwhelming significance.
Nevertheless, they have taken into account the benefits, monetary and otherwise, that pilots of a weaker carrier attain by virtue of a merger with one more stable even when, as here, it cannot be said that the more stable actually rescued the other from an imminent demise.
Typhoonpilot
Based on this Record, it's evident enough that Tiger was not a "failing" carrier, as that term is commonly understood. It is equally evident, however, that it was not markedly robust, nor the beneficiary of a sustained period of well-being. Arbitrators in prior cases have generally not found the relative weakness of one merger partner vis-a-vis the other of overwhelming significance.
Nevertheless, they have taken into account the benefits, monetary and otherwise, that pilots of a weaker carrier attain by virtue of a merger with one more stable even when, as here, it cannot be said that the more stable actually rescued the other from an imminent demise.
Typhoonpilot