Republic Seniority
01-19-2010, 03:49 AM
#291
Gets Weekends Off
Joined APC: Aug 2009
Position: 737
Posts: 190
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.
01-19-2010, 04:13 AM
#292
Gets Weekends Off
Joined APC: Aug 2009
Posts: 312
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.
01-19-2010, 09:09 AM
#294
Gets Weekends Off
Joined APC: Aug 2009
Posts: 312
Jet Pipe: In case you missed it the first time.
Here it is....
Item 2.01
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
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.
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.
01-19-2010, 12:01 PM
#295
Gets Weekends Off
Joined APC: Jul 2009
Posts: 417
I just believe that a total integration of all six lists will ruin the whole company (ala America West and US Airways). It would be a miserable place to work and will ruin the product. That is not good for any of us. I could certainly live with the YX pilots on our list as long as they don't bring bad attiudes and spoil our GREAT culture.
F9 and YX pilots have earned a mainline seat. If the RAH pilots want to fly a mainline plane, they should apply and interview for the position just like we all did.
01-19-2010, 12:03 PM
#296
Gets Tue/Wed and Sat Off
Joined APC: Oct 2008
Posts: 551
I am an F9 pilot. The YX pilots should be added to the Frontier list in some fashion.
I just believe that a total integration of all six lists will ruin the whole company (ala America West and US Airways). It would be a miserable place to work and will ruin the product. That is not good for any of us. I could certainly live with the YX pilots on our list as long as they don't bring bad attiudes and spoil our GREAT culture.
F9 and YX pilots have earned a mainline seat. If the RAH pilots want to fly a mainline plane, they should apply and interview for the position just like we all did.
I just believe that a total integration of all six lists will ruin the whole company (ala America West and US Airways). It would be a miserable place to work and will ruin the product. That is not good for any of us. I could certainly live with the YX pilots on our list as long as they don't bring bad attiudes and spoil our GREAT culture.
F9 and YX pilots have earned a mainline seat. If the RAH pilots want to fly a mainline plane, they should apply and interview for the position just like we all did.
01-19-2010, 12:41 PM
#297
Gets Weekends Off
Thread Starter
Joined APC: Feb 2009
Posts: 798
I am an F9 pilot. The YX pilots should be added to the Frontier list in some fashion.
I just believe that a total integration of all six lists will ruin the whole company (ala America West and US Airways). It would be a miserable place to work and will ruin the product. That is not good for any of us. I could certainly live with the YX pilots on our list as long as they don't bring bad attiudes and spoil our GREAT culture.
F9 and YX pilots have earned a mainline seat. If the RAH pilots want to fly a mainline plane, they should apply and interview for the position just like we all did.
I just believe that a total integration of all six lists will ruin the whole company (ala America West and US Airways). It would be a miserable place to work and will ruin the product. That is not good for any of us. I could certainly live with the YX pilots on our list as long as they don't bring bad attiudes and spoil our GREAT culture.
F9 and YX pilots have earned a mainline seat. If the RAH pilots want to fly a mainline plane, they should apply and interview for the position just like we all did.
+1 ..............................
01-19-2010, 12:55 PM
#298
Gets Weekends Off
Joined APC: Jul 2007
Posts: 919
I am an F9 pilot. The YX pilots should be added to the Frontier list in some fashion.
I just believe that a total integration of all six lists will ruin the whole company (ala America West and US Airways). It would be a miserable place to work and will ruin the product. That is not good for any of us. I could certainly live with the YX pilots on our list as long as they don't bring bad attiudes and spoil our GREAT culture.
F9 and YX pilots have earned a mainline seat. If the RAH pilots want to fly a mainline plane, they should apply and interview for the position just like we all did.
I just believe that a total integration of all six lists will ruin the whole company (ala America West and US Airways). It would be a miserable place to work and will ruin the product. That is not good for any of us. I could certainly live with the YX pilots on our list as long as they don't bring bad attiudes and spoil our GREAT culture.
F9 and YX pilots have earned a mainline seat. If the RAH pilots want to fly a mainline plane, they should apply and interview for the position just like we all did.
Its sad that some of you don't realize the devestating effect this would have. You would love this right up to the day Bedford starts adding airbus on the republic certificate with F9 paint (and that would most definitely happen). I do not care if I ever fly an airbus, 190, or any other "mainline" aircraft this company may bring online. Im in the process of leaving this industry altogether. Keeping seperate lists would be more detrimental to your career than any other move you could make. I understand you have a lot of pride in being "mainline", but your pride in this case would effectively leave you without a job. Go right ahead and put a fence on the airbus. You NEED one list though. Without that, there is absolutely nothing to stop bedford from giving your flying to republic, or even starting another airline and giving it to them. Under Frontier paint of course.
The ironic thing is if you fought and succeeded in keeping seperate lists. When the day comes that your flying is given to republic or even lynx for that matter, you'll be very quick to blame those pilots for your own mistake.
01-19-2010, 01:34 PM
#300
Gets Weekends Off
Joined APC: Jul 2009
Posts: 417
Its sad that some of you don't realize the devestating effect this would have. You would love this right up to the day Bedford starts adding airbus on the republic certificate with F9 paint (and that would most definitely happen). I do not care if I ever fly an airbus, 190, or any other "mainline" aircraft this company may bring online. Im in the process of leaving this industry altogether. Keeping seperate lists would be more detrimental to your career than any other move you could make. I understand you have a lot of pride in being "mainline", but your pride in this case would effectively leave you without a job. Go right ahead and put a fence on the airbus. You NEED one list though. Without that, there is absolutely nothing to stop bedford from giving your flying to republic, or even starting another airline and giving it to them. Under Frontier paint of course.
The ironic thing is if you fought and succeeded in keeping seperate lists. When the day comes that your flying is given to republic or even lynx for that matter, you'll be very quick to blame those pilots for your own mistake.
The ironic thing is if you fought and succeeded in keeping seperate lists. When the day comes that your flying is given to republic or even lynx for that matter, you'll be very quick to blame those pilots for your own mistake.
Your point is well taken and I have at times argued your exact point. I have seen (personally and on this board) the anger and even hate felt toward one group from another. I just see no way to integrate 2 major airlines (one without airplanes or jobs) with 4 regional airlines. I see no way to do it fairly and no outcome that will please more than one of the groups. This is going to make for a poor working environment and successively a poor product. And that will be the demise of all of us. Keeping mainline separate with bulletproof scope seems like a better gamble.
p.s. I'd like to reserve the right to change my mind.
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