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First, organic growth refers to internal factors. Hiring, buying aircraft, etc. As opposed to acquisitions.
The reason I believe the deal could be in jeopardy if the single list for all three is pushed is JA's history and past events. We tried a union campaign at OO. It failed, pretty badly. Now of course JA finally gave them the pay raise they were supposed to have gotten a couple of years prior. But, I think, the reason the previous purchase attempt of XE was stopped was the scope and merger issues. If anyone knows, directly, of another specific reason please share.
Just look at the way this purchase was done. Inc. is transferring the money to ASA who is going to purchase XJT. Why? Well to avoid the merger with non-union SKW of course.
I wouldn't put it past JA to kill the deal if he can't keep his non-union whipsaw baseball bat with which to beat us all if it came down to it.
Now, a little history. When we (ASA) were in negotiations, they dangled 15 CR9's to make us sign a concessionary contract. This was about Feb of 2006. When the union wouldn't bite, less than two weeks after the memo announcing the aircraft, they told us SKW would be getting all of them. We bit our lips and held fast. SKW did get those aircraft. Some discussion over whether we were ever really going to get them to begin with. But all they had to do was change the registrations, and they did.
Later, they threatened us with the infamous option 4 which was they would transfer all our aircraft to SKW and we would disappear. They actually did start this. When we closed SLC, they were slated to keep 13 of our CR7's. Due to costs, down time associated with transferring the mx program from one certificate to the other, they only kept 3. At one point during the breifings from our company, I said fine, since we are cheap on the CR2 and they are cheap on the CR7, they can have all of our CR7 and we will take all their CR2s. After all that would make the most business sense right??( this was before $135 per barrel oil). They didn't take me up on the plan.
They will use the whipsaw. They will not let it go without a fight or they might just kill this deal. JMHO.
You think ALPA's crack team can win? Maybe we could start a pool. You know, like the ones in Vegas. Who's in?
First, organic growth refers to internal factors. Hiring, buying aircraft, etc. As opposed to acquisitions.
The reason I believe the deal could be in jeopardy if the single list for all three is pushed is JA's history and past events. We tried a union campaign at OO. It failed, pretty badly. Now of course JA finally gave them the pay raise they were supposed to have gotten a couple of years prior. But, I think, the reason the previous purchase attempt of XE was stopped was the scope and merger issues. If anyone knows, directly, of another specific reason please share.
Just look at the way this purchase was done. Inc. is transferring the money to ASA who is going to purchase XJT. Why? Well to avoid the merger with non-union SKW of course.
I wouldn't put it past JA to kill the deal if he can't keep his non-union whipsaw baseball bat with which to beat us all if it came down to it.
Now, a little history. When we (ASA) were in negotiations, they dangled 15 CR9's to make us sign a concessionary contract. This was about Feb of 2006. When the union wouldn't bite, less than two weeks after the memo announcing the aircraft, they told us SKW would be getting all of them. We bit our lips and held fast. SKW did get those aircraft. Some discussion over whether we were ever really going to get them to begin with. But all they had to do was change the registrations, and they did.
Later, they threatened us with the infamous option 4 which was they would transfer all our aircraft to SKW and we would disappear. They actually did start this. When we closed SLC, they were slated to keep 13 of our CR7's. Due to costs, down time associated with transferring the mx program from one certificate to the other, they only kept 3. At one point during the breifings from our company, I said fine, since we are cheap on the CR2 and they are cheap on the CR7, they can have all of our CR7 and we will take all their CR2s. After all that would make the most business sense right??( this was before $135 per barrel oil). They didn't take me up on the plan.
They will use the whipsaw. They will not let it go without a fight or they might just kill this deal. JMHO.
Not a bad idea....the deal will cause the stock to stay close to current levels....unless there is a counter offer. But IF the deal dies, you'd be a huge winner! If not you won't lose much.Why start a pool when you have one of the best "vote with your dollars" avenue available to you already...NYSE!
If you think this deal is going to die, as some believe, then just sell short XJT for $6.56.
When the deal dies and the price falls back to $2.50 a share you have become a huge winner. Buy 10,000 shares and receive a tidy profit of $26,240.
If you really believe this deal is going to fail, here is a way to profit from it. Any takers??
If you think you could win a merger fight in court name your district. Unless your in the 9th I would stay away from the courts. They are not gonna side with the union.
Come to think of it, if all the deliveries (stolen) from Comair or Mesa actually happen and they go to SKW, I will be first in line to file a lawsuit for the three way merger.
Two can play this game!!
Come to think of it, if all the deliveries (stolen) from Comair or Mesa actually happen and they go to SKW, I will be first in line to file a lawsuit for the three way merger.
Two can play this game!!
"SkyWest has the capital to re-fleet ExpressJet “over the next several years,” Rich said. “We’re well positioned to re-fleet, grow the fleet and move into new aircraft types as warranted.”"
http://www.aviationweek.com/aw/generic/story_channel.jsp?channel=comm&id=news/avd/2010/08/05/02.xml&headline=SkyWest%20Sees%20Fleet%20Synergies%20With%20Merger
Then again, SkyWest pilots might want that single list afterall.
Trying to think of a way to get the SKW guys to come to the table. How can we urge them to get in the game?
Contract talks should focus on locking in a great percentage of acquired aircraft. Let's say 66%. Sounds fair. You SKW guys don't like it, get in the game.
Now to craft language that binds Inc. into dishing out new aircraft to EV/XE. Hmmm.
Let them stay away from the table. When we negotiate for them and sign a deal for a majority of any growth at the corporation, they will wonder what hit them.
This deal is big money, especially if JA gets PBS on both EV and XE. To let the deal blow up over contractual issues related to seniority would be very costly. A lawsuit dragging it all out would be very costly.
A nice deal securing assets and growth for the new EV/XE would seal up the deal quite nicely.
Wow, you really don't have a clue how things work do you. Considering a contract won't pass on this side we'll be stuck for years. Then once we finaly do our 2600 pilots will vote out your 1650 and take over. If 1/2 the asa guys are like you I'd say you've got it coming.
blastoff said:Originally Posted by blastoff
Originally Posted by blastoff [URL="http://forums.flightinfo.com/images/buttons/viewpost.gif"]http://forums.flightinfo.com/images/...s/viewpost.gif[/URL]
I think you are too easy to discount the fact that most XJT pilots are ready to move on from the broken promises of the once great XJT. ASA is a good company and you seem to like your CEO, so most guys are keeping it in perspective. This deal will go through and I think most will be happy with it no matter what the list looks like.
I know you like to keep emphasizing that you're doing the buying. That's fine, but has no bearing on SLI.
Jetlinker said:Originally Posted by Jetlinker
Agreed. Most XJT pilots are glad this thing is going through. This place isn't half of what it used to be. There's no reason this has to turn into a pis$ing match.
Does everyone agree with you?
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Hey skoot, RTFP.
I am talking about the SKW guys, not XJT.
And btw,
4x7=28
70(vacation low)-28=42
Two 4 day trips at 21 hours each = 42
8 on. 22-23 off. 1 week of vacation.
If you don't know what you are talking about, shut up and just listen for a while. You might learn something.