What's the Latest at ASA/Expressjet?
08-24-2014, 06:14 AM
#6992
Gets Weekends Off
Joined APC: Feb 2008
Position: B6
Posts: 778
Did you just answer your own post???
08-24-2014, 07:22 AM
#6995
Gets Weekends Off
Joined APC: Feb 2008
Position: CRJ200 Capt.
Posts: 822
Go over the purchase documents again. XE was purchased for about 26 million. ASA alone had a 9 figure cash position, without SKW Inc. Expressjet was purchased By ASA, and briefly became a wholly owned subsidiary of Atlantic Southeast. The two companies were merged when the SOC was issued.
I really love the revisionist history the XJT side spews. They seem to think that by calling it a merger of equals it will give them a better position in SLI. they have sent their troops out to parrot this BS over and over. Fact is, the documents don't lie. Expressjet was a nearly bankrupt carrier, only flying small RJs, which was dumped in a fire sale and ACQUIRED by a profitable airline (ASA). And the SLI arbitration will treat them accordingly, trust me.
I really love the revisionist history the XJT side spews. They seem to think that by calling it a merger of equals it will give them a better position in SLI. they have sent their troops out to parrot this BS over and over. Fact is, the documents don't lie. Expressjet was a nearly bankrupt carrier, only flying small RJs, which was dumped in a fire sale and ACQUIRED by a profitable airline (ASA). And the SLI arbitration will treat them accordingly, trust me.
Problem is LXJT folks....
Nicholson_truth_.jpg
08-24-2014, 07:28 AM
#6996
Gets Weekends Off
Joined APC: Jan 2011
Posts: 136
***
You guys are a bunch of losers. This thread is embarrassing. Y'all truly can't be this petty?!?
08-24-2014, 09:54 AM
#6997
Banned
Joined APC: Dec 2007
Position: EMB 145 CPT
Posts: 2,934
What's the Latest at ASA/Expressjet?
You said the policy was for one crew member to call scheduling if another crew member wasn't there at show time? How do you know if the other crew members are there at show time?
You really favor sending crew trackers and chief pilots to chase down crews? Maybe you should embrace modern technology.
Seems to most on the ASA side that your side is just trying to be difficult.
You really favor sending crew trackers and chief pilots to chase down crews? Maybe you should embrace modern technology.
Seems to most on the ASA side that your side is just trying to be difficult.
There are three crew members and at least one gate agent. Like I said, it's been working for almost 10 years with good CCF.
As for crew trackers, it's not about embracing technology. I use my cell phone that I pay for for my convenience only. Anything else is a loss of QOL for me to give away that convenience to the company. Why should I do that for free? Just because you guys have less QOL in your contract?
Seems to me that those on the ERJ side would like for the ASA guys to have the better QOL and compensation that we have. Yet you guys rather us roll over and take the concessions to come down to your QOL and compensation. How would you feel if you were being merged with Gojet or Mesa and those guys were telling you that you are being difficult for simply wanting to keep your better QOL and compensation?
Like I said, I'm willing to give them check in and many other things (not everything) for something of equal or better value. I don't think that is unreasonable at all.
Because our MEC rolled over on that. But that doesn't deny the fact that Skywest Inc (the holding company, not the airline) bought ASA and Xjt.
08-24-2014, 10:06 AM
#6998
Banned
Joined APC: Dec 2007
Position: EMB 145 CPT
Posts: 2,934
What's the Latest at ASA/Expressjet?
Go over the purchase documents again. XE was purchased for about 26 million. ASA alone had a 9 figure cash position, without SKW Inc. Expressjet was purchased By ASA, and briefly became a wholly owned subsidiary of Atlantic Southeast. The two companies were merged when the SOC was issued.
I really love the revisionist history the XJT side spews. They seem to think that by calling it a merger of equals it will give them a better position in SLI. they have sent their troops out to parrot this BS over and over. Fact is, the documents don't lie. Expressjet was a nearly bankrupt carrier, only flying small RJs, which was dumped in a fire sale and ACQUIRED by a profitable airline (ASA). And the SLI arbitration will treat them accordingly, trust me.
I really love the revisionist history the XJT side spews. They seem to think that by calling it a merger of equals it will give them a better position in SLI. they have sent their troops out to parrot this BS over and over. Fact is, the documents don't lie. Expressjet was a nearly bankrupt carrier, only flying small RJs, which was dumped in a fire sale and ACQUIRED by a profitable airline (ASA). And the SLI arbitration will treat them accordingly, trust me.
There you go again making stuff up. Skywest Inc bought xjt for $133, which xjt had as liquid assets at the time by the way. ASA didn't have any cash position, Inc does. And even if ASA had a 9 figure cash position, doesn't that make it one dollar short of $10M, at best? Seems to me that even using your $26M number, you fall short. And just because some smart attorneys write some fancy words and create shell companies to affect the transactions doesn't mean that Inc didn't buy xjt. That was all part of the game they played to try to show that our scope and holding letter doesn't apply. We all know that there is ONE CEO and ONE BOD. It's the same CEO and BOD ASA had before Skywest bought xjt and it's the only CEO and BOD that makes the decision to purchase an airline. Otherwise you would have us believe that the ASA COO BH concocted the idea and executed the purchase of xjt and then told his CEO and BOD about it. Either you think we are stupid or someone else is.
Nobody is talking about SLI. The fact that that is even in your thought process shows that your position doesn't hold water. Xjt wasn't going anywhere. Cal was not going to let 244 aircraft be parked in a chapter 7 liquidation as you allude to. Dal couldn't even let pinnacle go under and they had fewer aircraft. Fact is that xjt was starting to turn it around and was in talks with airways. If you read the merger agreement, Inc required xjt to halt all negotiations with airways. And guess who got that flying shortly thereafter?
Anyway, stop trying to say things that aren't true. You get called out on them at least half the time. How many syllables does Acey have? One right? You still holding on on to that one?
Ps here is a wsj article quoting the president of Skywest inc, not the president of ASA.
http://m.us.wsj.com/articles/SB10001...73252?mobile=y
SkyWest Inc. agreed to pay $133 million in cash for ExpressJet Holdings Inc.
Brad Rich, SkyWest's chief financial officer, didn't rule out further deals as the regional sector tries to handle pressure from the majors to cut costs and improve efficiency.
Rich said the new deal is completely different as it has reached a new pact to fly on behalf of Continental that extends the existing term and will ease its aircraft replacement plans.
Rich said SkyWest aimed to combine the airlines within 12 months, and forecast a 45-50 cent boost to annual earnings from $60 million to $70 million in cost savings.
Last edited by Nevets; 08-24-2014 at 10:18 AM.
08-24-2014, 11:52 AM
#7000
Banned
Joined APC: Dec 2007
Position: EMB 145 CPT
Posts: 2,934
I'm sorry but that's woefully out of context... I think that quote was picked from a statement were someone had asked why they weren't drawing a harder line with the xjt side... Tony then responded with that quote and went on to specify how he considered that bad practice as I recall... But I'm sure your memory is selective and you don't actually want people to know that...
Let's get it together here people, this is getting childish...
Let's get it together here people, this is getting childish...
I do agree that that was taking the quote out of context. And even if it isn't out of context, that's what I would expect my MEC to say about the other! Each MEC is doing what they believe is in the best interest of the pilots they represent. With that said, there were some obvious lies (or inaccuracies uncontested) told on that call. Off the top of my head, the wind down of the ERJs in 3-5 years, the 100 plus aircraft being parked all being ERJs, the status quo if the arbitration is lost, etc.
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