Search

Notices

JetBlue merger

Thread Tools
 
Search this Thread
 
Old 09-11-2023, 05:33 AM
  #41  
The REAL Bluedriver
 
Joined APC: Sep 2011
Position: Airbus Capt
Posts: 6,920
Default

Originally Posted by Halon1211
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?
And this today:

https://news.jetblue.com/latest-news...t/default.aspx
Bluedriver is offline  
Old 09-11-2023, 05:52 AM
  #42  
Gets Weekends Off
 
Joined APC: Jun 2006
Posts: 1,466
Default

Originally Posted by Bluedriver
Sounds like somebody is making some good deals so we won't waste time going to trial? It would be nice to get the ball rolling towards combining so people can move on with their lives. 🤞
putzin is offline  
Old 09-11-2023, 05:54 AM
  #43  
Gets Weekends Off
 
Joined APC: Oct 2017
Posts: 3,227
Default

Originally Posted by Bluedriver
so this is just an agreement with allegiant not necessarily the DOT/DOJ.

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?
Halon1211 is offline  
Old 09-11-2023, 06:02 AM
  #44  
Perennial Reserve
 
Excargodog's Avatar
 
Joined APC: Jan 2018
Posts: 12,096
Default

Originally Posted by Halon1211
so this is just an agreement with allegiant not necessarily the DOT/DOJ.

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?
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…
Excargodog is offline  
Old 09-11-2023, 06:22 AM
  #45  
Gets Weekends Off
 
RemoveB4flght's Avatar
 
Joined APC: Aug 2008
Posts: 770
Default

Originally Posted by Halon1211
so this is just an agreement with allegiant not necessarily the DOT/DOJ.

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?
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.
RemoveB4flght is offline  
Old 09-11-2023, 06:45 AM
  #46  
Gets Weekends Off
 
SoFloFlyer's Avatar
 
Joined APC: Nov 2017
Posts: 2,351
Default

Originally Posted by 11atsomto
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.
This makes it sound like JB pilots will go against our work life provision in our contract when it comes to JCBA
SoFloFlyer is offline  
Old 09-11-2023, 06:46 AM
  #47  
Gets Weekends Off
 
SoFloFlyer's Avatar
 
Joined APC: Nov 2017
Posts: 2,351
Default

Originally Posted by putzin
Sounds like somebody is making some good deals so we won't waste time going to trial? It would be nice to get the ball rolling towards combining so people can move on with their lives. 🤞
Things are getting spicy 😎
SoFloFlyer is offline  
Old 09-11-2023, 06:48 AM
  #48  
Gets Weekends Off
 
Joined APC: Oct 2017
Posts: 3,227
Default

Originally Posted by RemoveB4flght
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.
Thanks for the info!
Halon1211 is offline  
Old 09-11-2023, 07:02 AM
  #49  
Gets Weekends Off
 
Hugh Betcha's Avatar
 
Joined APC: Feb 2011
Posts: 157
Default

Originally Posted by SoFloFlyer
This makes it sound like JB pilots will go against our work life provision in our contract when it comes to JCBA
We were founded as a pilots airline, they were born of their founders airline. They may not be required to clean seat backs and eat Blue Chips, but some still do. They need our strength and resolve, but they haven't experienced DTZ etc. and a work life balance as we know it.

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.
Hugh Betcha is offline  
Old 09-11-2023, 07:35 AM
  #50  
Perennial Reserve
 
Excargodog's Avatar
 
Joined APC: Jan 2018
Posts: 12,096
Default

Originally Posted by RemoveB4flght
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.
Blue shirts for me would be a no vote in the JCBA. I did the blue shirt deal for too many years…
Excargodog is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Guard Dude
Delta
201720
04-06-2022 06:59 AM
ERJ135
Major
95
02-05-2018 09:14 AM
cactiboss
American
271
06-12-2015 04:04 PM
cactiboss
American
35
09-03-2013 06:27 AM
benzoate
Major
271
05-10-2013 10:34 AM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



Your Privacy Choices