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Airtran Nominees Elected At YX Meeting  
User currently offlineRL757PVD From United States of America, joined Dec 1999, 4662 posts, RR: 11
Posted (7 years 2 months 2 weeks 2 days 7 hours ago) and read 3018 times:

http://biz.yahoo.com/prnews/070614/aqth090.html?.v=9

should be interesting to see what happens next


Experience is what you get when what you thought would work out didn't!
27 replies: All unread, showing first 25:
 
User currently offlineAirTran737 From United States of America, joined Apr 2004, 3704 posts, RR: 12
Reply 1, posted (7 years 2 months 2 weeks 2 days 7 hours ago) and read 3013 times:
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All three....good news. This will definately help FL out in the merger talks. I expected tow to get elected, the third just bolsters the case.


Nice Trip Report!!! Great Pics, thanks for posting!!!! B747Forever
User currently offlineDeltaDAWG From United States of America, joined May 2006, 776 posts, RR: 1
Reply 2, posted (7 years 2 months 2 weeks 2 days 7 hours ago) and read 2964 times:

Kicking, screaming & yelling the big A is coming to MKE & MCI!!!

Good news for FL!



GO Dawgs, Sic' em, woof woof woof
User currently offlineFLYGUY767 From , joined Dec 1969, posts, RR:
Reply 3, posted (7 years 2 months 2 weeks 2 days 7 hours ago) and read 2954 times:

Quoting DeltaDAWG (Reply 2):
Kicking, screaming & yelling the big A is coming to MKE & MCI!!!

Something tells me that they will merge, and they meaning the combined FL/YX will be the aquisition WN has been looking for. More so it will be interesting to see how Frontier will do after and if an FL/YX merger is approved.

-JD


User currently offlineCrewchief From , joined Dec 1969, posts, RR:
Reply 4, posted (7 years 2 months 2 weeks 2 days 7 hours ago) and read 2949 times:

I don't know if you meant it or not, but calling AAI "the big A" could catch on in YX country!

User currently offlineKnope2001 From United States of America, joined May 2005, 2895 posts, RR: 30
Reply 5, posted (7 years 2 months 2 weeks 2 days 7 hours ago) and read 2935 times:

Quoting AirTran737 (Reply 1):
All three....good news. This will definately help FL out in the merger talks. I expected tow to get elected, the third just bolsters the case.

Hmm...any particular reason you'd think that just two but not three would be elected? I don't think there's anything in particular going on about the three members defeated and the three elected. The three AirTran nominated are pro-sale and the three voted out are anti-sale. Tecnhically, none of those six are pro or anti-anything and are to act in the best interest of shareholders and stakeholders, but in fact the guys on the way out were anti-sale and the guys nominated are pro-sale. AirTran didn't nominate people who would be against the sale.


User currently offlineQuickmover From United States of America, joined Mar 2004, 2494 posts, RR: 0
Reply 6, posted (7 years 2 months 2 weeks 2 days 6 hours ago) and read 2913 times:

What happens now? If two more board members are swayed and they vote to disable the poison pill, do we immediately have a deal? Could this thing happen today?

User currently offlineLuisca From , joined Dec 1969, posts, RR:
Reply 7, posted (7 years 2 months 2 weeks 2 days 6 hours ago) and read 2892 times:

Quoting RL757PVD (Thread starter):
should be interesting to see what happens next

Teal tails sprout all over MKE?


User currently offlineDAYflyer From United States of America, joined Sep 2004, 3807 posts, RR: 3
Reply 8, posted (7 years 2 months 2 weeks 2 days 5 hours ago) and read 2785 times:

Quoting DeltaDAWG (Reply 2):
Kicking, screaming & yelling the big A is coming to MKE & MCI!!!

Good news for FL!

I expect that the rats will now start to abandon the shinking Midwest ship any day.



One Nation Under God
User currently offlineIkramerica From United States of America, joined May 2005, 21511 posts, RR: 60
Reply 9, posted (7 years 2 months 2 weeks 2 days 4 hours ago) and read 2766 times:

Quoting FLYGUY767 (Reply 3):
More so it will be interesting to see how Frontier will do after and if an FL/YX merger is approved.

It would be an interesting proposition to then merge F9 with FL, though the fleets are not in any way common. Hubs around the middle of the country, all narrowbody, carribean and mexican routes. Would also love to see the Frontier name and scheme live on. So much better than the name and the colors of Airtran.



Of all the things to worry about... the Wookie has no pants.
User currently offlineMariner From New Zealand, joined Nov 2001, 25122 posts, RR: 85
Reply 10, posted (7 years 2 months 2 weeks 2 days 4 hours ago) and read 2753 times:
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Quoting Ikramerica (Reply 9):
It would be an interesting proposition to then merge F9 with FL, though the fleets are not in any way common.

There is a rumor - and I stress it is only a rumor - going around the internet stock boards that the FF alliance between Frontier and Airtran will go to full code share later this year.

It is said there was a throwaway reference to it in one of Airtran's presentations to investors/analysts.

mariner



aeternum nauta
User currently offlineLaxintl From United States of America, joined May 2000, 25137 posts, RR: 46
Reply 11, posted (7 years 2 months 2 weeks 2 days 4 hours ago) and read 2744 times:

Bravo,

The stock holders have obviously spoken and are fed up with the intransigent attitude the Midwest management has show to date with Airtrans offer.

While there is no guarantee any deal will be consummated, its is the duty of the board to in good faith consider Airtran's offer and accept it if it brings the greatest value out of the organization.

Personally I'd say this is a win-win for both companies.. Airtran obviously manages to grow into newer markets outside of Atlanta, while Midwest gets to align itself with a successful LCC, one that is on firmer financial footing then Midwest.



From the desert to the sea, to all of Southern California
User currently onlineMaverickM11 From United States of America, joined Apr 2000, 17439 posts, RR: 46
Reply 12, posted (7 years 2 months 2 weeks 2 days 4 hours ago) and read 2720 times:

In related news, YX pulled one of the daily trips from both COSMCI and MCIMSN.


E pur si muove -Galileo
User currently offlineAirTran737 From United States of America, joined Apr 2004, 3704 posts, RR: 12
Reply 13, posted (7 years 2 months 2 weeks 2 days 4 hours ago) and read 2714 times:
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Here's a press conference from after the annual meeting.

http://depository.shadowtv.net/media.../17554_273_20070614_122626_996.wmv



Nice Trip Report!!! Great Pics, thanks for posting!!!! B747Forever
User currently offlineDavescj From United States of America, joined Jun 2007, 2305 posts, RR: 0
Reply 14, posted (7 years 2 months 2 weeks 2 days 4 hours ago) and read 2701 times:

Quoting Mariner (Reply 10):
There is a rumor - and I stress it is only a rumor - going around the internet stock boards that the FF alliance between Frontier and Airtran will go to full code share later this year.

IF the merger goes through, a code share may well be beneficial to both. It think the stand alone LCC are going to have to code share just like the legacy....Look at SW and ATA for example.

In other news....time to eat COOKIES!!!



Can I have a mojito on this flight?
User currently offlineRJNUT From United States of America, joined Dec 1999, 1220 posts, RR: 0
Reply 15, posted (7 years 2 months 2 weeks 2 days 4 hours ago) and read 2701 times:

I noticed the pull down , as well,eff. Aug 1st, but i did notice all jet to DSM..added freq to ATW, all jet to FNT, CRJ's to EWR(already mentioned above), a CRJ to MSN from MKE,
The timing on the MSN flight is better out of MCI now..It was at 955pm ..now 645pm!

It must have to do with a sooner pull down of Beeches or handover to Great Lakes??!!


User currently offlineMainland From United States of America, joined Jun 2004, 309 posts, RR: 0
Reply 16, posted (7 years 2 months 2 weeks 2 days 4 hours ago) and read 2666 times:

Quoting Knope2001 (Reply 5):
Hmm...any particular reason you'd think that just two but not three would be elected?

One of the proxy advisory firms, Glass Lewis, only recommended 2 of the 3 -- so some thought institutional shareholders may have only voted for 2 as well. I believe Albertine was the one they did not recommend.



You don't need a passport to know what state you're in...
User currently offlineSrbmod From , joined Dec 1969, posts, RR:
Reply 17, posted (7 years 2 months 2 weeks 1 day 23 hours ago) and read 2503 times:

The fact that the entire AirTran-backed slate was voted in, combined with the recent numbers announced in regards to the tender offer, means that Midwest's upper management may need to update their resumes in the near future. There was an interesting article in today's AJC regarding the impending vote and gave an interesting comparison between the two airlines.

From Pivotal Vote Coming In AirTran's Takeover Battle

Quote:
Although the Boeing 717 is the workhorse of both AirTran and Midwest fleets, the two companies have different origins, philosophies and visions for the future.

Midwest was once the corporate flight department for Wisconsin-based Kimberly-Clark and has always emphasized top customer service. It offered roomy, all-business-class seating and other perks and was widely recognized as an asset for corporate leaders. It does much of its training and maintenance in-house and its gleaming headquarters buildings and tree-lined, manicured grounds are a stone's throw from its main hub.

AirTran evolved out of ValuJet, the discounter born in Atlanta in the early 1990s, and has always emphasized discount prices. Its no-frills offerings are meant to keep costs to a minimum. It aggressively outsources maintenance and other logistical support, and its nondescript offices at its Orlando headquarters and an Atlanta operations center adhere to the same philosophy.

This isn't going to be a quick action either. While this could be likely the last annual shareholders meeting Midwest ever has, the company does have state corporate laws on their side. The new directors would only need to get support from 2 additional directors, and if this happens, the path to a merger gets a lot less obstacle-filled. I think this time 6 months from now, this drama will still be unfolding. While I doubt there will be any issues with the merger from the Federal level, who knows what can happen in any merger.


User currently offline2175301 From United States of America, joined May 2007, 1059 posts, RR: 0
Reply 18, posted (7 years 2 months 2 weeks 1 day 22 hours ago) and read 2448 times:

I would not yet make any bets on the sale or a merger happening.

The Midwest Board will hear an AirTran presentation and consider it.

Given that the Board has to consider the effects on their passenger base, employees, etc they cannot easily be successfully sued by just the shareholders looking for shareholder profits (a benefit of Wisconsin Incorporation).

The Board can still reject merger and there is nothing the 3 new board members could do to stop that (and while the three new Board members may be pro-sale, does not mean they will automatically vote for merger or sale based only on shareholder demands).

I give this a 50% chance of extending to after next years board meeting.

What will be the relative financial position of each company a year from now? I can see a scenario where the AirTran merger idea just dies if this goes for a long time.

If the AirTran offer is really a good long term value - then it will still be a good idea a year from now - and a year past that as well.


User currently offlineTravatl From United States of America, joined Mar 2001, 2173 posts, RR: 7
Reply 19, posted (7 years 2 months 2 weeks 1 day 22 hours ago) and read 2440 times:

It's time for AirTran flight attendants to go oven mitt shopping.  Wink

User currently offlinePExDCA From United States of America, joined Feb 2007, 255 posts, RR: 2
Reply 20, posted (7 years 2 months 2 weeks 1 day 21 hours ago) and read 2377 times:

Quoting Travatl (Reply 19):
It's time for AirTran flight attendants to go oven mitt shopping.

Ovens add weight, weight burns fuel, the cookies may survive the merger, but I bet they will not be baked on board. Perhaps FL will invent an aerosol spray that smells like baking cookies that the FA's can spray throughout the cabin before they serve the Chips Ahoy to the passengers to simulate that "baked onboard" experience!  yummy 



"A single twig breaks, but the bundle of twigs is strong." - Tecumseh
User currently offlineTravatl From United States of America, joined Mar 2001, 2173 posts, RR: 7
Reply 21, posted (7 years 2 months 2 weeks 1 day 21 hours ago) and read 2349 times:

Actually we've heard both over here. They were gonna add ovens, then they weren't, now it seems they are again.

User currently offlineN917ME From United States of America, joined Feb 2005, 730 posts, RR: 1
Reply 22, posted (7 years 2 months 2 weeks 1 day 20 hours ago) and read 2344 times:

I was at the meeting this morning. And, yes YX did fully expect all three nominees to be elected. Tim was calm, professional and tactful. The YX pilots marching from the Four Points to the Skyway hangar was great. Many sharholders who spoke at the meeting said what a great bunch of pilots we have, as well as employees of YX. All but one, the last one to speak, was very against FL. It was great to see the Pilots and FA wearing they "say NO to AirTran" buttons. They have been wearing these in flight since Tuesday. One gentleman even read a poem, and received a standing ovation. Boy the look on the AirTran reps faces was classic after that.. I wish I could have had my camera out. The FL reps took a lot of notes. I have heard and do think the YX employees are going to start being more vocal, expressing to FL their desire to be independent. Don't know how much good it will do, but hey, It helped DL. FL needs all the MKE airport/ops people they can get if they want this merger to be successful. The last thing they need it to have labor issues in their "new hub" Just look at what crappy employees/understaffed stations did and are doing to US Airways in PHL.

Do I think this is a done deal, hell no. It is not close, closer than yesterday, but far fom done. I keep reading the posts where people are saying "Pro deal or Anti Deal" Trust me, the new BOD will be uner a microscope. Tim did agree to listen to what FL has to present, however he also stated that they three nominees will be watched very carefully that they act in the best interest of the shareholders/stakeholders. Furthermore, don't forget what one of the WI senators said about FL and how he will watch every thing they do, very closely.

Just remeber, IF this goes through, once it is done, it can't be reversed. Joe and Co has promised a lot, but once the deal is done, all promises mean nothing.


User currently offlineCubsrule From United States of America, joined May 2004, 22911 posts, RR: 20
Reply 23, posted (7 years 2 months 2 weeks 1 day 19 hours ago) and read 2284 times:

Quoting N917ME (Reply 22):

Just remeber, IF this goes through, once it is done, it can't be reversed. Joe and Co has promised a lot, but once the deal is done, all promises mean nothing.

What exactly HAS Joe promised? We have all this fluff like "customer service best practices" and very little substance.



I can't decide whether I miss the tulip or the bowling shoe more
User currently offlineN917ME From United States of America, joined Feb 2005, 730 posts, RR: 1
Reply 24, posted (7 years 2 months 2 weeks 1 day 9 hours ago) and read 2135 times:

Quoting Cubsrule (Reply 23):
What exactly HAS Joe promised? We have all this fluff like "customer service best practices" and very little substance.

Job growth, current employees retaining jobs, except for a few executives, combining the best of both airlines, which hasn't AirTran already took what they think is best from YX and added to their company? And Cookies on the flights.


25 2175301 : N917Me only has it partially right: Joe has promised to eliminate the comfort 2 x 2 seating and reduce to low cost fares - so that the current Midwes
26 CitrusCritter : The stakeholders protection law is *completely* about how it is interpreted. All it takes to overcome that is a belief that FL's projections are corr
27 Cubsrule : But there won't be more jobs, will there? FL has never said that. And the notion of better fares benefiting consumers is certainly debatable here. If
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