XJT + SKYW a done deal!!!! - Page 3

Mark Wapenaar · 05-14-2008, 10:38 AM

Quote:

Originally Posted by KuNGFU68

Ive heard we were bought at $5.50 a share. This comes from good sources i assure you.
Do you not remember the big meeting on friday?
Its done you and I both know its the only way we can survive!

the other way is if this threat is true about LK.

http://www.expressjetpilots.com/the-...-aug-31-a.html

sundownerx · 05-14-2008, 11:21 AM

Quote:

Originally Posted by KuNGFU68

Ive heard we were bought at $5.50 a share. This comes from good sources i assure you.
Do you not remember the big meeting on friday?
Its done you and I both know its the only way we can survive!

Awesome!!! Thats exactly what I wanted. Skywest buys us at $5+/share without any amendment to our contract...It isn't true, but if it were, that would be the best case scenario for everyone involved...That is, except for Skywest.

sundownerx · 05-14-2008, 11:26 AM

Quote:

Originally Posted by Corso

-I'm not formulating my own facts, I just don't know where it says in our contract that we (the pilots) must approve any purchase by an outside group.

-I agree that it appears that SKWY isn't interested in our company unless we relax our scope clause.

- I think it is inaccurate to say that they cannot buy us without a pilot vote regarding scope.

- It is accurate to say that they cannot buy us and ignore our CBA regarding scope.

Rob Corso
EWR

They can buy us with or with out an amended CBA...The only issue is, if they don't get us to amend our CBA before they buy, then they have to abide by our contract...They obviously do not want to do that.

SEFlyer · 05-14-2008, 11:36 AM

Quote:

Originally Posted by KuNGFU68

I Just heard from a SKYW employee that it is a done deal per the morning meeting at SKYW!!

This is no joke I can assure you!

Excellent, so you are saying they are taking us with our scope clause? The news can't get better.

Chris

truckdriver · 05-14-2008, 11:37 AM

Quote:

Originally Posted by sundownerx

They can buy us with or with out an amended CBA...The only issue is, if they don't get us to amend our CBA before they buy, then they have to abide by our contract...They obviously do not want to do that.

I'm 100% sure that SKYW had plan B in place before they even launched plan A which was to buy XJT and get rid of the scope. They are creating leverage for themselves by saying they need the scope gone. They have now met with ALPA and probably have a good idea on what it will really take to operate XJT the way they want to. They will buy XJT with or without the scope language amended. They can still attempt to change the CBA after the purchase and I'm sure that will be the plan. The CBA does not prohibit them from moving all the Delta flying over to the SKYW certificate. What do you do when they say they will move all the Delta flying to SKYW and furlough 700 if you don't relax the CBA, or if you do relax the CBA XJT will get all the future LAX flying including 70 seaters and there will be very few if any furloughs? They are creating leverage and will buy XJT within a month.

Chris92 · 05-14-2008, 11:51 AM

Quote:

Originally Posted by truckdriver

I'm 100% sure that SKYW had plan B in place before they even launched plan A which was to buy XJT and get rid of the scope. They are creating leverage for themselves by saying they need the scope gone. They have now met with ALPA and probably have a good idea on what it will really take to operate XJT the way they want to. They will buy XJT with or without the scope language amended. They can still attempt to change the CBA after the purchase and I'm sure that will be the plan. The CBA does not prohibit them from moving all the Delta flying over to the SKYW certificate. What do you do when they say they will move all the Delta flying to SKYW and furlough 700 if you don't relax the CBA, or if you do relax the CBA XJT will get all the future LAX flying including 70 seaters and there will be very few if any furloughs? They are creating leverage and will buy XJT within a month.

the scope prevents them from that hence why they need it gone. Not saying they wouldn't try it but that why the scope should stay in place.

SAABoroowski · 05-14-2008, 12:17 PM

Quote:

Originally Posted by truckdriver

I'm 100% sure that SKYW had plan B in place before they even launched plan A which was to buy XJT and get rid of the scope. They are creating leverage for themselves by saying they need the scope gone. They have now met with ALPA and probably have a good idea on what it will really take to operate XJT the way they want to. They will buy XJT with or without the scope language amended. They can still attempt to change the CBA after the purchase and I'm sure that will be the plan. The CBA does not prohibit them from moving all the Delta flying over to the SKYW certificate. What do you do when they say they will move all the Delta flying to SKYW and furlough 700 if you don't relax the CBA, or if you do relax the CBA XJT will get all the future LAX flying including 70 seaters and there will be very few if any furloughs? They are creating leverage and will buy XJT within a month.

Thats fine, but the 700 furloughs would be the bottom of XJT's, SKW, and ASA's list

Pellegrino · 05-14-2008, 12:43 PM

Quote:

Originally Posted by SAABoroowski

Thats fine, but the 700 furloughs would be the bottom of XJT's, SKW, and ASA's list

Only if it was a fair and equitable (DOH) integration. SKW could buy us with CBA intact, which states we will be integrated with their list by mutual agreement. Say their idea is to staple us to the bottom of their list. We say no way, and there is no mutual agreement. If the list merger agreement is not reached, it goes to arbitration, and SKW says to the arbitrator XJT would have been bankrupt anyway, they should all go to the bottom. Then it's in the arbitrator's hands to decide if we would have gone bankrupt or not. It's a replay of AA-TWA. That went well.

SAABoroowski · 05-14-2008, 12:50 PM

Quote:

Originally Posted by Pellegrino

Only if it was a fair and equitable (DOH) integration. SKW could buy us with CBA intact, which states we will be integrated with their list by mutual agreement. Say their idea is to staple us to the bottom of their list. We say no way, and there is no mutual agreement. If the list merger agreement is not reached, it goes to arbitration, and SKW says to the arbitrator XJT would have been bankrupt anyway, they should all go to the bottom. Then it's in the arbitrator's hands to decide if we would have gone bankrupt or not. It's a replay of AA-TWA. That went well.

Good point, or the Airways debacle

xjtksig · 05-14-2008, 12:53 PM

Quote:

Originally Posted by GasPasser

I think the letter they sent made it pretty clear they were not interested in buying us without the CBA amended.

Yeah, and they also said that they would pay $3.50/share and that was fair and full value. They are never going to make their first offer their "best and final" offer. Come on guys. They made that offer knowing that it would be rejected....but at least it would be a starting place.