JetBlue merger
#41
The REAL Bluedriver
Joined APC: Sep 2011
Position: Airbus Capt
Posts: 6,920
https://liveandletsfly.com/will-jetblue-spirit-close-their-deal-to-join-forces/
is this article correct? I thought the date was October 16th when the judge makes a decision not we should hear soon if the merger goes through.
also, when the merger does finally get approved it the stock payment to SAVE shareholders pretty quick or will that be another adventure altogether?
is this article correct? I thought the date was October 16th when the judge makes a decision not we should hear soon if the merger goes through.
also, when the merger does finally get approved it the stock payment to SAVE shareholders pretty quick or will that be another adventure altogether?
https://news.jetblue.com/latest-news...t/default.aspx
#42
Gets Weekends Off
Joined APC: Jun 2006
Posts: 1,466
#43
Gets Weekends Off
Joined APC: Oct 2017
Posts: 3,227
is this good news then?
or is it a sign that Jetblue is having to ante up because they are afraid the merger might fall through and are trying to appease the Biden admin?
#44
Pretty much all mergers involve giving up slots or gates in areas where the merger would create a localized monopoly. The fact that these are conditional on the merger going through suggests to me that there is dickering going on with DOJ and they are coming to terms, conditional on DOJ actually permitting the merger. Trust but verify…
#45
This is JetBlue being proactive, which is smart. Usually these type of concessions would be hashed out with the Government before receiving merger approval, in this case they don’t want to play ball and filed a lawsuit to block it. Now we go to a judge, where the government has the burden of proof that this deal is bad for the people. The judge looks at their arguments, which are weak, looks at precedent, which is all the other mergers being approved, and looks at the list of concessions B6 has already publicly committed to, which falls in line with what would be expected during normal merger ops. Then the judge will seek rebuttal from the diversity hire prosecutor, who will word salad about how the poors won’t be able to fly.
The judge will ask for a little more concessions, then rule in favor of the merger, which will collapse the civil suit (a bunch of travels agents and professional plaintiffs looking for settlement money), and we will all be on our way to wearing silly blue shirts.
#46
Quick line Holding captain career growth! Experience a profound focus on work-life balance that transforms your career. These are examples of language being used in recruitment ads for Spirit on this very website.
Man o man…….they really gotta be hoping that Judge Young rules in favor of DOJ. Because if not many things will happen but the aforementioned won’t be any of them.
Man o man…….they really gotta be hoping that Judge Young rules in favor of DOJ. Because if not many things will happen but the aforementioned won’t be any of them.
#47
#48
Gets Weekends Off
Joined APC: Oct 2017
Posts: 3,227
Almost no merger, whether under the purview of the Federal Trade Commission, or in this case because it’s a transportation company the Department of Justice, will be approved without some form of concessions or stipulations. The FTC rubber stamps the overwhelming majority of mergers, and presents the concessions to the taxpayers as a win, and the small antitrust dept at the DOJ usually does the same.
This is JetBlue being proactive, which is smart. Usually these type of concessions would be hashed out with the Government before receiving merger approval, in this case they don’t want to play ball and filed a lawsuit to block it. Now we go to a judge, where the government has the burden of proof that this deal is bad for the people. The judge looks at their arguments, which are weak, looks at precedent, which is all the other mergers being approved, and looks at the list of concessions B6 has already publicly committed to, which falls in line with what would be expected during normal merger ops. Then the judge will seek rebuttal from the diversity hire prosecutor, who will word salad about how the poors won’t be able to fly.
The judge will ask for a little more concessions, then rule in favor of the merger, which will collapse the civil suit (a bunch of travels agents and professional plaintiffs looking for settlement money), and we will all be on our way to wearing silly blue shirts.
This is JetBlue being proactive, which is smart. Usually these type of concessions would be hashed out with the Government before receiving merger approval, in this case they don’t want to play ball and filed a lawsuit to block it. Now we go to a judge, where the government has the burden of proof that this deal is bad for the people. The judge looks at their arguments, which are weak, looks at precedent, which is all the other mergers being approved, and looks at the list of concessions B6 has already publicly committed to, which falls in line with what would be expected during normal merger ops. Then the judge will seek rebuttal from the diversity hire prosecutor, who will word salad about how the poors won’t be able to fly.
The judge will ask for a little more concessions, then rule in favor of the merger, which will collapse the civil suit (a bunch of travels agents and professional plaintiffs looking for settlement money), and we will all be on our way to wearing silly blue shirts.
#49
None of them have shut the MFR down and walked the pavement in one of the worst of job markets, and the majority of ours haven't. DTZ needs to be the bar everything starts from. We need to lead here in a positive manner as no one likes change and pilot egos are stubborn and fragile.
#50
Blue shirts for me would be a no vote in the JCBA. I did the blue shirt deal for too many years…
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