SWA looking to buy unnamed domestic carrier
#21
If the new company pilots are put at the bottom of the SWA seniority list, does that mean us poolies will go onto the seniority list BELOW the newly acquired company pilots? (I would assume the answer is yes)
#22
If the scope and merger sections of the new WN TA weren't important before, they certainly could be considered important now.
Alaska would be a great companion for WN for all the reasons 'CHQ Pilot' stated. Spirit, while a totally different fleet, might be an option too (lots of international, flies out a a current WN 'focus city'). AirTran, JetBlue . . . I don't think any airline could not be improved by joining up with Southwest, honestly. Who's the lucky one?
#23
I don't think there can be a staple with the McCaskill-Bond Amendment and the way the scope reads (and this is a very simplified version) that SWA cannot codeshare domestically with a regional carrier, unless it is through aquisition of another airline that owns a regional airline. If that were to happen then all pilots, both the acquired airline and the regional feed would be with SWAPA pilots (taking away a whipsaw type situation). Again very simplified and if it were to actually happen, then it would get extremely complicated with integration issues. Too many variables to even go into at this point. Gives me a headache to try and think about it.
#24
Gets Weekends Off
Joined APC: Dec 2008
Position: MD88A
Posts: 310
If this rumor, and we know how rumors in aviation tend to go, but if this rumor is true AND does actually happen before those of us in the pool actually go into ground school . . . I have just a few questions (that may not have answers yet).
Not being familiar with the current version of their temporary agreement would this newly acquired company be blended in the seniority list with SWA? Put at the bottom? Or would they just be a separate company whose corporate shares are owned by SWA. (Like Skywest, Inc. owns Skywest and ASA but they are run separately, no common seniority list, etc.)
This depends on how the company would structure an acquisition. If the newly acquired company is merged the only those who are on the active pilot list are considered for a new seniority list.
However, if the company is purchased and run as a separate acquired company, separate seniority list are kept and anyone in the respective pool is only part of the separate company.
Time will tell which avenue SWA takes if any at all.
If the new company pilots are put at the bottom of the SWA seniority list, does that mean us poolies will go onto the seniority list BELOW the newly acquired company pilots? (I would assume the answer is yes)
Yes, unless you have a SWA seniority number. normally, anyone in a pool is NOT considered in a merger/acquisition because they are not yet employees.
(Professional responses only please, I am not asking these questions to provoke anyone or start anything negative. Thanks)
Not being familiar with the current version of their temporary agreement would this newly acquired company be blended in the seniority list with SWA? Put at the bottom? Or would they just be a separate company whose corporate shares are owned by SWA. (Like Skywest, Inc. owns Skywest and ASA but they are run separately, no common seniority list, etc.)
This depends on how the company would structure an acquisition. If the newly acquired company is merged the only those who are on the active pilot list are considered for a new seniority list.
However, if the company is purchased and run as a separate acquired company, separate seniority list are kept and anyone in the respective pool is only part of the separate company.
Time will tell which avenue SWA takes if any at all.
If the new company pilots are put at the bottom of the SWA seniority list, does that mean us poolies will go onto the seniority list BELOW the newly acquired company pilots? (I would assume the answer is yes)
Yes, unless you have a SWA seniority number. normally, anyone in a pool is NOT considered in a merger/acquisition because they are not yet employees.
(Professional responses only please, I am not asking these questions to provoke anyone or start anything negative. Thanks)
#25
If SWA attempts to buys Alaska, you would see Delta launch a bid for them as well because of the plans for the Pacific system from the west coast. I think AF/KLM would be willing to pony up some cash for the bidding war as well. They had a couple billion they were going to put into the merger with NWA, but Delta said they didn't need it. I think DAL/AF/KLM could win in a bidding war against SWA for Alaska. Delta has 4.6B in cash plus the resources of AF/KLM to SWA's 1.4B. Delta would also have less overlap with Alaska than SWA does making it easier to get DOJ approval.
Last edited by RockyBoy; 04-15-2009 at 07:54 AM.
#26
Didn't SWA buy Morris Air with all their MD-80's. I could see them buying a carrier with a different aircraft type and getting rid of them all. In addition, it is Possibly time for SWA to diversify into a second type anyway. If a systemic mechanical problem were to ground the entire 737 fleet SWA would be in big trouble.
Skyhigh
Skyhigh
#27
Dudes...take a deep breath. It aint gonna happen.
If it was going to happen, it already would have, and the news would have read, "Southwest announces the purchase of..." You don't announce you're looking to buy something because the price immediately goes up. They'll keep quiet until a deal is done.
Besides "looking to" is very, very vague. I'll bet SWA said something more like, "If we stumbled onto a great deal, we wouldn't dismiss it..."
Finally, right now cash is king. Debt is really, really bad. I doubt SWA is going to use up all their cash or take on huge debt right now.
But I could be wrong....
If it was going to happen, it already would have, and the news would have read, "Southwest announces the purchase of..." You don't announce you're looking to buy something because the price immediately goes up. They'll keep quiet until a deal is done.
Besides "looking to" is very, very vague. I'll bet SWA said something more like, "If we stumbled onto a great deal, we wouldn't dismiss it..."
Finally, right now cash is king. Debt is really, really bad. I doubt SWA is going to use up all their cash or take on huge debt right now.
But I could be wrong....
#28
Muse purchase
That deal may have been partially due to special factors. As I recall, Lamar Muse was the founder of SWA, and the Board later replaced him with the company's lawyer, Herb Kelleher. Muse then started another airline.
#29
Can't abide NAI
Joined APC: Jun 2007
Position: Douglas Aerospace post production Flight Test & Work Around Engineering bulletin dissembler
Posts: 12,038
If SWA attempts to buys Alaska, you would see Delta launch a bid for them as well because of the plans for the Pacific system from the west coast. I think AF/KLM would be willing to pony up some cash for the bidding war as well. They had a couple billion they were going to put into the merger with NWA, but Delta said they didn't need it. I think DAL/AF/KLM could win in a bidding war against SWA for Alaska. Delta has 4.6B in cash plus the resources of AF/KLM to SWA's 1.4B. Delta would also have less overlap with Alaska than SWA does making it easier to get DOJ approval.
Look at how AirTran was the unwitting beneficiary of the MidWest fiasco.
#30
"Also, we want to remind you that the interview/hiring process is ongoing. While you are currently in a pool for a future class date at Southwest Airlines your pool status is not an offer for employment."
If something like this acquisition happens, hell even if it doesn't happen, I'd be happy to still be in the pool:
"Your pool status is good for 18 months from your interview date, after which time you could be subject to a background update, further flight records request through the PRIA Act, reference check, and possible re-interview."
Good luck to all of us poolies, I can't decide what helps or what hurts our chances of flying 737s for Southwest. What I do know is after August I'll have a lot more time to work on my short game. Yes!
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