Alaska nearing deal to acquire Virgin America

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04-03-2016, 07:01 PM

#71

turbinepilot123

On Reserve

Joined APC: May 2015

Posts: 13

Quote:

Originally Posted by 7AC2B60

based on the call you received, do you have a "in person" interview scheduled with Alaska?

Yes, it's a two day interview.

04-03-2016, 07:33 PM

#72

spaaks

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Joined APC: Sep 2013

Posts: 869

Quote:

Originally Posted by Flyby1206

Wow! Are you guys at AS surprised by this? I didn't think it was such a valuable target

i guess those SFO and LAX gates are pretty valuable....

04-03-2016, 07:45 PM

#73

captnmo

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Joined APC: Sep 2007

Posts: 79

So it looks like this is happening.

http://www.marketwatch.com/story/alaska-air-expected-to-announce-virgin-america-deal-monday-2016-04-03

04-03-2016, 07:48 PM

#74

Sr. Barco

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Joined APC: Feb 2005

Posts: 500

Quote:

Originally Posted by Burton78

At SWA, the most junior captain on the list usually sits at about 58% on the list FWIW. So the numbers Barco mentioned aren't really the whole story

You are correct. At 58% it's closer to a 13 year upgrade, no growth.

04-03-2016, 10:54 PM

#75

Nantonaku

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Joined APC: Dec 2013

Posts: 2,311

Quote:

Originally Posted by captnmo

So it looks like this is happening.

Alaska Air expected to announce Virgin America deal Monday - MarketWatch

Wow, 1 billion over current market capitalization with another run up close to 1/2 billion dollars the last month after take over speculation began.

04-03-2016, 10:55 PM

#76

hockeypilot44

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Joined APC: Jul 2008

Posts: 5,032

Quote:

Originally Posted by DashTrash

There are a lot of subjects that have to discussed here. One of which is there can be no staple. Second, the language in AS's CBA about M&A. Does it state the Company being AS or AAG? The reason I mention this is, as a former QXer, we were burned by the same such language. If it's with Alaska Airlines, then I believe it's going to tough because VX would be part of AAG. Not part of Alaska Airlines. Another thing is the eventual integration. You can't do relative seniority because there is no way that a 9 year Captain at VX should placed ahead of a 25 year Captain at AS. Date of hire is not really fair either because almost every Captain at VX would be knocked out of there seat. I believe upgrade at AS is around 9 years???

There is no fair way to merge a seniority list. Somebody gets hurt in every single scenario. The top pilot at vx, your 9 year captain, can and probably will end up senior to a 25 Alaska captain. This is why the legacy pilots want no part of merging with any of the newer carriers like Jetblue or VX.

04-03-2016, 11:09 PM

#77

beancounter

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Joined APC: Jul 2012

Posts: 373

Quote:

Originally Posted by hockeypilot44

I'm not disagreeing with you, but this is an acquisition, not a merger. For example AA merged with US as opposed to SW acquiring AirTran.

04-04-2016, 12:44 AM

#78

Packrat

Banned

Joined APC: Nov 2013

Position: 7th green

Posts: 4,378

Quote:

Originally Posted by beancounter

I'm not disagreeing with you, but this is an acquisition, not a merger. For example AA merged with US as opposed to SW acquiring AirTran.

Perhaps, but when AS acquired JA it was treated as a merger for SLI purposes. I'd be very disappointed if you saw any "Hired Not Acquired" tags on AS pilot bags.

04-04-2016, 02:38 AM

#79

Juan Trippe

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Joined APC: Jan 2013

Position: Ret. airline president

Posts: 29

Link: Home - Flying Better Together

04-04-2016, 02:49 AM

#80

Singlecoil

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Joined APC: Jan 2010

Position: Supine

Posts: 257

Quote:

Originally Posted by Juan Trippe

Link: Home - Flying Better Together

That says single operating certificate under the Alaska Airlines name by Q1 2018. That is very significant. This would be a merger from the pilots' perspectives.