Republic Seniority
#281
According to Boeing Midwest failed to negotiate a decent contract rate on the 717s. Boeing then decided to take them to Mexico. This was all known prior to the lease of the Ejets.
#282
Gets Weekends Off
Joined APC: Jul 2008
Posts: 523
Not really. They were announced in the same press release. Supports the argument that RAH was involved long before the merger announcement.
#283
Gets Weekends Off
Joined APC: Jul 2009
Posts: 417
There is no intetegration of seniority that will please even one employee group. Any intetegration will ruin moral and productivity of all the groups, not to mention burden the company with unnecessary training costs. The only answer is to keep the lists exactly as they are now and not to integrate. If you want to switch companys, apply and interview for an open position. Contract language could be changed to allow this and also protect against whipsaw.
#284
Line Holder
Joined APC: Aug 2009
Posts: 29
There is no intetegration of seniority that will please even one employee group. Any intetegration will ruin moral and productivity of all the groups, not to mention burden the company with unnecessary training costs.
. If you want to switch companys, apply and interview for an open position. Contract language could be changed to allow this and also protect against whipsaw.
The only answer is to keep the lists exactly as they are now and not to integrate
#285
Gets Weekends Off
Joined APC: Jan 2008
Posts: 114
This is the most logical thing posted yet. This protects the career expectations of everyboody involved. In this merger, there is not a reduction of fleet like in other mergers, in fact, the fleet is growing. Come up with a Master Senority list by date of hire to be used for voting, nonrev priority, etc. and then leave the other lists alone. That way, little to no training is involved and everyones career expectations are exactly where they were last year at this time. Nothing changes. Whatever you were yesterday, you are today. Time to move on and grow the airline.
abc123 & Coldwhiskey,
You both have this thing figured out. Thats the best solution to this mess that I've heard so far. I would even be open minded to a flow-through to mainline similar to the NWA (Delta)/Compass arrangement, which would give the RAH guys a little windfall instead of the massive windfall outlined in IMHO's post.
The sticky wicket will be; where do the YX guys go. I would prefer to have them on the mainline side but I'm afraid much of the growth will be with Regional Aircraft and those will be the soonest opportunities to return to work.
#286
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Joined APC: Aug 2009
Posts: 29
The sticky wicket will be; where do the YX guys go. I would prefer to have them on the mainline side but I'm afraid much of the growth will be with Regional Aircraft and those will be the soonest opportunities to return to work.
#287
Gets Weekends Off
Joined APC: Aug 2008
Posts: 127
That might be true but you and I both know that this entire "merger" smells of wrong doing. BB promised the people of MKE that he would take the entire company except for jobs that "Over lapped". That was six months ago. He and his entire operation, including his flight crews with their "It's not our fault" mentality, are doing all they can to stall, stall, stall.
Remember, it was never your flying never. Carlomonte
Remember, it was never your flying never. Carlomonte
Will you stop saying "merger". It is not, and will not be, a "merger". It is an "acquisition". As much as it hurts your cyber ego, its a freaking "acquisition".
Your company failed. RAH picked up the pieces, and now they're getting rid of the name. Maybe "Likeitis" can tell you really like it is.
#288
Gets Weekends Off
Thread Starter
Joined APC: Feb 2009
Posts: 798
Will you stop saying "merger". It is not, and will not be, a "merger". It is an "acquisition". As much as it hurts your cyber ego, its a freaking "acquisition".
Your company failed. RAH picked up the pieces, and now they're getting rid of the name. Maybe "Likeitis" can tell you really like it is.
Your company failed. RAH picked up the pieces, and now they're getting rid of the name. Maybe "Likeitis" can tell you really like it is.
Here it is....
Item 2.01
Completion of Acquisition or Disposition of Assets.
On July 31, 2009, pursuant to the terms of the Agreement and Plan of Merger, dated as of June 23, 2009, among Republic Airways Holdings Inc. (the “Company”), RJET Acquisition, Inc. and Midwest Air Group, Inc. (“MAG”), as amended (the “Merger Agreement”), RJET Acquisition, Inc. merged with and into MAG (the “Merger”) with MAG continuing as the surviving corporation and becoming a wholly-owned subsidiary of the Company. from RJET 8K/A dated 12-11-09
(W)
Reflects an increase in Midwest’s interest expense of $1,167 for the nine months ended September 30, 2009, and $2,000 for the year ended December 31, 2008, for interest on the 8% annual, $25,000 convertible note payable to TPG resulting from the Merger. The adjustment at September 30, 2009 was based on 7 months of expense (January 2009 to July 2009) as the Republic historical results include eliminations for Midwest operations from August and September 2009.
The Company merged with Midwest Air Group, Inc. (“Midwest”), on July 31, 2009, pursuant to the terms of the Agreement and Plan of Merger dated as of June 23, 2009. Midwest financial results for the seven months ended July 31, 2009 and twelve months ended December 31, 2008 are presented in the Unaudited Pro Forma Condensed Combined Financial Statements as separate columns. Midwest operations for the two month period beginning August 1, 2009 are included in the Republic results as filed in the Company’s 10-Q for the nine months ended September 30, 2009.
Item 2.01
Completion of Acquisition of Disposition of Assets
On October 1, 2009, pursuant to the terms of the amended and restated investment agreement, as amended (the “Investment Agreement”), dated as of August 13, 2009, among Republic Airways Holdings Inc. (the “Company”), Frontier Airlines Holdings, Inc. (“Frontier”) and its subsidiaries, Frontier Airlines, Inc. and Lynx Aviation, Inc. (together with Frontier, the “Frontier Entities”), the Company purchased 1,000 newly issued shares of common stock, constituting all of the outstanding shares of Frontier, in connection with its emergence from bankruptcy. Under the Investment Agreement, the Company served as equity plan sponsor Did TPG get a seat on the Board of Directors? YES
Did Frontier get a seat on the Board of Directors? NO
Does TPG own stock in Republic? YES
Does Frontier own stock in Republic? NO
Please show me a SEC filing (legal filing) that Midwest was purchased by Republic.
Last edited by MD80; 01-18-2010 at 08:35 PM.
#289
Line Holder
Joined APC: Oct 2008
Posts: 61
abc123 & Coldwhiskey,
You both have this thing figured out. Thats the best solution to this mess that I've heard so far. I would even be open minded to a flow-through to mainline similar to the NWA (Delta)/Compass arrangement, which would give the RAH guys a little windfall instead of the massive windfall outlined in IMHO's post.
The sticky wicket will be; where do the YX guys go. I would prefer to have them on the mainline side but I'm afraid much of the growth will be with Regional Aircraft and those will be the soonest opportunities to return to work.
#290
Hi!
This opinion:
"Originally Posted by ColdWhiskey
There is no intetegration of seniority that will please even one employee group. Any intetegration will ruin moral and productivity of all the groups, not to mention burden the company with unnecessary training costs.
Quote:
The only answer is to keep the lists exactly as they are now and not to integrate
. If you want to switch companys, apply and interview for an open position. Contract language could be changed to allow this and also protect against whipsaw."
...will not work.
If this was the case, the Midwest pilots would all be out of a job, as they have 0 airframes, and thus, would not have a job.
According to current legislation, if even ONE of the pilot groups (and Republic has 6, if I am counting correctly) objects to the seniority integration plan, then the integration goes to an Arbiter, who will decide the way the seniority is integrated. So, if you tried the above, for sure the Midwest pilots would object, and the Arbiter would decide how the 6 pilot groups are integrated.
cliff
GRB
This opinion:
"Originally Posted by ColdWhiskey
There is no intetegration of seniority that will please even one employee group. Any intetegration will ruin moral and productivity of all the groups, not to mention burden the company with unnecessary training costs.
Quote:
The only answer is to keep the lists exactly as they are now and not to integrate
. If you want to switch companys, apply and interview for an open position. Contract language could be changed to allow this and also protect against whipsaw."
...will not work.
If this was the case, the Midwest pilots would all be out of a job, as they have 0 airframes, and thus, would not have a job.
According to current legislation, if even ONE of the pilot groups (and Republic has 6, if I am counting correctly) objects to the seniority integration plan, then the integration goes to an Arbiter, who will decide the way the seniority is integrated. So, if you tried the above, for sure the Midwest pilots would object, and the Arbiter would decide how the 6 pilot groups are integrated.
cliff
GRB
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