Go Back  Airline Pilot Central Forums > Airline Pilot Forums > Major > Alaska
Alaska buying Hawaiian airlines. >

Alaska buying Hawaiian airlines.

Search

Notices

Alaska buying Hawaiian airlines.

Thread Tools
 
Search this Thread
 
Old 08-21-2024, 08:14 AM
  #1431  
Gets Weekends Off
 
PineappleXpres's Avatar
 
Joined APC: Apr 2022
Posts: 1,161
Default

Originally Posted by rickair7777
You can change it in your User CP.
He speaks!
PineappleXpres is offline  
Old 08-21-2024, 08:19 AM
  #1432  
Mmmm wine
 
MinRest's Avatar
 
Joined APC: Feb 2020
Position: The Jet
Posts: 1,070
Default

Originally Posted by rickair7777
You can change it in your User CP.
Thanks!

Filler
MinRest is offline  
Old 08-21-2024, 09:14 AM
  #1433  
Line Holder
 
Joined APC: Apr 2020
Posts: 39
Default

Originally Posted by MinRest
The arbitrator does not have to adhere strictly to the ALPA merger policy and both houses will argue their case to an arbitrator with 100% certainty. There is no way SLI doesn't go to arbitration and if you think the financial stability of the company and its future cannot and won't be remotely considered, you are going to find yourself unpleasantly surprised I think. Who knows which way it will go but again, you can't fly widebodies if the company goes out of business and the future of HA was absolutely in question which is why AS made a move to buy it, and the DOJ didn't block it.

I can't believe I am saying this but I actually agree with OTZ on this one. The list we will see in 2+ years has already been decided +/-1%.
I believe federal law (McCaskill-Bond Act, 2007) specifies the arbitrators boundries. Resulted from the AA pilot's a** pounding of the TWA pilot group. Pretty specific.

https://vlex.com/vid/seniority-integ...tute-351067646

S

Last edited by tzskipper1; 08-21-2024 at 09:15 AM. Reason: Added a link for lazy mf'rs
tzskipper1 is offline  
Old 08-21-2024, 09:56 AM
  #1434  
Mmmm wine
 
MinRest's Avatar
 
Joined APC: Feb 2020
Position: The Jet
Posts: 1,070
Default

Originally Posted by tzskipper1
I believe federal law (McCaskill-Bond Act, 2007) specifies the arbitrators boundries. Resulted from the AA pilot's a** pounding of the TWA pilot group. Pretty specific.

https://vlex.com/vid/seniority-integ...tute-351067646

S
It is still up to an arbitrator to interpret those rules and make a binding decision. If the merger policy was so clear, we wouldn't need arbitration.
MinRest is offline  
Old 08-21-2024, 09:57 AM
  #1435  
Gets Weekends Off
 
Joined APC: Apr 2023
Posts: 124
Default

Originally Posted by MinRest
The arbitrator does not have to adhere strictly to the ALPA merger policy and both houses will argue their case to an arbitrator with 100% certainty. There is no way SLI doesn't go to arbitration and if you think the financial stability of the company and its future cannot and won't be remotely considered, you are going to find yourself unpleasantly surprised I think. Who knows which way it will go but again, you can't fly widebodies if the company goes out of business and the future of HA was absolutely in question which is why AS made a move to buy it, and the DOJ didn't block it.

I can't believe I am saying this but I actually agree with OTZ on this one. The list we will see in 2+ years has already been decided +/-1%.
The financial stability of the company in the future will not be considered. The state of the company at time of purchase will be considered. The state at the time was operating fully- yes operating at a loss but still operating with no shutdown. For all you know Hawaii tourism and the yen will have a giant rebound. Unrealized gains or losses are unknown. So decisions from an arbitration will not be based on theories or guesses of what the future of the company might be or not be.

Maybe next week one of the Alaska 737s blows another door out causing worldwide grounding for the POS frankensteined max causing Boeing to go completely bankrupt and Seattle to turn into the next Detroit and kill the main hub of Alaska. Then which seniority list will be better position for SLI?

Decisions won’t be made on what could happen to either company. Only what is known at the time.

FyrePilot is offline  
Old 08-21-2024, 10:05 AM
  #1436  
Gets Weekends Off
 
Joined APC: May 2019
Posts: 124
Default

Originally Posted by FyrePilot
The financial stability of the company in the future will not be considered. The state of the company at time of purchase will be considered. The state at the time was operating fully- yes operating at a loss but still operating with no shutdown. For all you know Hawaii tourism and the yen will have a giant rebound. Unrealized gains or losses are unknown. So decisions from an arbitration will not be based on theories or guesses of what the future of the company might be or not be.

Maybe next week one of the Alaska 737s blows another door out causing worldwide grounding for the POS frankensteined max causing Boeing to go completely bankrupt and Seattle to turn into the next Detroit and kill the main hub of Alaska. Then which seniority list will be better position for SLI?

Decisions won’t be made on what could happen to either company. Only what is known at the time.
Yeah that sounds more sensible. If we are debating what ifs into SLI considerations, then there is no end to what ifs.

Career expectations of flying a widebody/narrow body at the time of purchase it is!

Which means I think - fences on the widebodys for HA pilots (tall enough for them to all position themselves into one) makes more sense than some permanent seniority gain.

30 year fences like the one before? Lol
PurringRaccoon is offline  
Old 08-21-2024, 10:17 AM
  #1437  
Mmmm wine
 
MinRest's Avatar
 
Joined APC: Feb 2020
Position: The Jet
Posts: 1,070
Default

Originally Posted by FyrePilot
The financial stability of the company in the future will not be considered. The state of the company at time of purchase will be considered. The state at the time was operating fully- yes operating at a loss but still operating with no shutdown. For all you know Hawaii tourism and the yen will have a giant rebound. Unrealized gains or losses are unknown. So decisions from an arbitration will not be based on theories or guesses of what the future of the company might be or not be.

Maybe next week one of the Alaska 737s blows another door out causing worldwide grounding for the POS frankensteined max causing Boeing to go completely bankrupt and Seattle to turn into the next Detroit and kill the main hub of Alaska. Then which seniority list will be better position for SLI?

Decisions won’t be made on what could happen to either company. Only what is known at the time.
Well HA isn't financially stable, it is burning cash left and right and another company is coming in and paying A BILLING DOLLARS of debt off. Alaska is assuming the risk here, Hawaiian is getting bought by a much stronger company from a financial aspect and that is absolutely undeniable. What is known at the time is that HA is not on a sustainable path. Anything can happen at any time, that is the airline industry, but Hawaiian has struggled to make money consistently for decades.

I don't think anyone at HA can argue that the company is financially stable when you are a billion dollars in debt, sorry. SLI will be what it will be what it will be and I am looking forward to everyone having paychecks that clear until we all retire, I am honestly excited to merge as one group and I am looking forward to getting to call all of you co-workers, but nobody at Hawaiian can tell me that the company is financially solvent, stable, or rebounding as there are literally no examples of that to use to base those claims on.
MinRest is offline  
Old 08-21-2024, 10:23 AM
  #1438  
Line Holder
 
Joined APC: Oct 2022
Posts: 59
Default

Originally Posted by MinRest
HA was a billion in debt and hadn't had a profitable quarter in how long? Bankruptcy was closer than you think.
. As of last quarter HA total debt is $2.6b, net debt of $1.6b. ALK's total debt is $3.8b and net debt of $1.6b.
GreenPatures is offline  
Old 08-21-2024, 10:31 AM
  #1439  
Gets Weekends Off
 
Joined APC: May 2018
Posts: 1,238
Default

Enough people asked in PM’s this will give everyone 18mos to digest. This will end up being the final verdict, within pennies. AS MEC knows it, HA MEC knows it
2 year WB fence for Captains only
3 to 1 AS HA
All current CA’s Circled for 3 years, all current WB CA’s circled for 5 years
Done! Guaranteed! Grow up

OTZeagle1 is offline  
Old 08-21-2024, 10:38 AM
  #1440  
Mmmm wine
 
MinRest's Avatar
 
Joined APC: Feb 2020
Position: The Jet
Posts: 1,070
Default

Originally Posted by GreenPatures
. As of last quarter HA total debt is $2.6b, net debt of $1.6b. ALK's total debt is $3.8b and net debt of $1.6b.
Those certainly are numbers. Are you arguing that HA is more financially stable than AS? Maybe Hawaiian should buy Alaska I guess...
MinRest is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
OutsourceNoMo
American
52
09-24-2023 10:35 AM
flybywire44
American
57
02-12-2015 02:46 AM
vagabond
Aviation Law
10
09-20-2008 12:50 PM
vagabond
Major
37
09-09-2008 02:19 PM
RockBottom
Major
1
12-08-2005 06:50 AM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



Your Privacy Choices