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Midwest's Next Round With AirTran - 7/16/2007  
User currently offlineKarlB737 From United States of America, joined Mar 2004, 3096 posts, RR: 10
Posted (7 years 2 weeks 2 days 2 hours ago) and read 4790 times:

I know what you are thinking. So I won't even state it. I thought this acquisition attempt was over. Everytime I think that a new meeting between Midwest and AirTran surfaces. I don't know what the magnet is within Midwest that AirTran visions but maybe you do. Well here are the latest details:

Courtesy: Associated Press

AirTran To Make Case For Midwest Buyout

"AirTran Chairman and Chief Executive Officer Joe Leonard said the Orlando-based operator of AirTran Airways will dispel rumors about its buyout offer -- AirTran does not, for instance, plan job cuts at Midwest's Milwaukee headquarters. He and other executives will make a presentation and take questions over a three-hour period, when tensions could run high, he said."

Full Story:

http://biz.yahoo.com/ap/070715/midwest_airtran.html?.v=3

81 replies: All unread, showing first 25:
 
User currently offlineJBo From Sweden, joined Jan 2005, 2313 posts, RR: 0
Reply 1, posted (7 years 2 weeks 2 days 1 hour ago) and read 4769 times:

Quoting KarlB737 (Thread starter):
I thought this acquisition attempt was over. Everytime I think that a new meeting between Midwest and AirTran surfaces

A new meeting? There haven't been any meetings until now.

I have a feeling this thread will die into a flamewar before 20 replies. So please, let's save the flamewar for the meeting on Monday. Big grin



I'd take the awe of understanding over the awe of ignorance any day.
User currently offlineCitrusCritter From Pitcairn Islands, joined May 2007, 1093 posts, RR: 3
Reply 2, posted (7 years 2 weeks 2 days ago) and read 4642 times:

This meeting has been scheduled since the stockholder's meeting. Nothing "new" about it really. The outcome of it will be news either way, though.


TLH
User currently offlineTravatl From United States of America, joined Mar 2001, 2173 posts, RR: 7
Reply 3, posted (7 years 2 weeks 1 day 23 hours ago) and read 4606 times:

Quoting JBo (Reply 1):
I have a feeling this thread will die into a flamewar before 20 replies. So please, let's save the flamewar for the meeting on Monday.

Ditto - acutally, we should save it for the "he said, she said" PR releases that will go back and forth within hours after the meeting.


User currently offlineNational757 From United States of America, joined Jul 2007, 720 posts, RR: 1
Reply 4, posted (7 years 2 weeks 1 day 23 hours ago) and read 4579 times:

Speaking of Midwest, they took down the Save The Cookie shirts off their website! I wanted to buy one..grrr. Anyone know where I can find one?


Formula 1 Grand Prix Trips: YUL '08, MEL '09, BCN '10, SIN '11, and LGW '12
User currently offlineMke717spotter From United States of America, joined Dec 2005, 2443 posts, RR: 5
Reply 5, posted (7 years 2 weeks 1 day 23 hours ago) and read 4573 times:

I've got a question, is Tim one of the members of the YX board? If not, does he really have any say in how this all comes out or not? Aside from that, I think it'll be hard for FL to persuade 2 other board members because the board has already heard about FL's proposal and plans for the merged airline and have consistently been against it.


Will you watch the Cleveland Browns and the Detroit Lions on Sunday? Only if coach Eric Mangini resigned after a loss.
User currently offlineN822ME From , joined Dec 1969, posts, RR:
Reply 6, posted (7 years 2 weeks 1 day 23 hours ago) and read 4511 times:

Quoting Mke717spotter (Reply 5):
I've got a question, is Tim one of the members of the YX board?

Yes, he is.


User currently offlineSkyexRamper From , joined Dec 1969, posts, RR:
Reply 7, posted (7 years 2 weeks 1 day 21 hours ago) and read 4414 times:

Quoting KarlB737 (Thread starter):
AirTran does not, for instance, plan job cuts at Midwest's Milwaukee headquarters.

That's not true...hehehe.... Big grin  Wink They would be the best possible job cuts the company ever did! I can name at least 2-3 jobs that would be cut.

Quoting KarlB737 (Thread starter):
He and other executives will make a presentation and take questions over a three-hour period, when tensions could run high, he said."

Look up Timmy's address, I'm sure they'd meet there since they are try ever so hard to keep the meeting location a secret. The cookie palace is too obvious, though the only normal place to hold it. Maybe the meeting won't even take place in MKE or ATL.


User currently offlineN822ME From , joined Dec 1969, posts, RR:
Reply 8, posted (7 years 2 weeks 1 day 21 hours ago) and read 4408 times:

Quoting SkyexRamper (Reply 7):
They would be the best possible job cuts the company ever did! I can name at least 2-3 jobs that would be cut.

It's comments like this that really frustrate me. Such animosity within our company. I would never wish you to lose your job, yet you think those of us further south on Howell should.


User currently offlineSkyexRamper From , joined Dec 1969, posts, RR:
Reply 9, posted (7 years 2 weeks 1 day 21 hours ago) and read 4383 times:

Quoting N822ME (Reply 8):
I would never wish you to lose your job, yet you think those of us further south on Howell should.
Is your name Timmy, Carol or anyone else in super high management that doesn't have time or even care to touch base with the people who keep their butts employed? Working out at the hub is much different that working in air conditioning at a desk. The world of YX is heavily divided, mostly by College Ave, ask any of the front line employees.

Internal employees are not the only ones who see that...other airlines know it too. So unless you'd like to go down the hall to Timmy's office and tell him to strap on some steel toed boots and a safety vest to help us out and learn how the airline really works. Management of both companies had their chances to appreciate our hard work day in and day out but they dropped that ball a long time ago. Also last time a CEO tried to help, Jim Rankin, he almost killed himself. Guess the higher ups know better. Buying us cheap cake and horrible food, of which is only served on one day, when they offer, so if you don't work, you don't get squat. You can't bribe your labor force when we have no say is the company or how we could be doing our jobs better.

[Edited 2007-07-16 05:46:47]

User currently offlineCa2ohHP From United States of America, joined Sep 2005, 953 posts, RR: 1
Reply 10, posted (7 years 2 weeks 1 day 6 hours ago) and read 4183 times:

Quoting SkyexRamper (Reply 9):

If it's that bad leave...good grief.


User currently offlineRJNUT From United States of America, joined Dec 1999, 1215 posts, RR: 0
Reply 11, posted (7 years 2 weeks 1 day 6 hours ago) and read 4102 times:

I am very interested in YX News these days and read all the posts, but i skip SKYEXRAMPER'S posts , as they give me little insight other than that of huge disgruntlement!

User currently offlineSkyexramper From , joined Dec 1969, posts, RR:
Reply 12, posted (7 years 2 weeks 1 day 5 hours ago) and read 4069 times:

Quoting RJNUT (Reply 11):
, as they give me little insight other than that of huge disgruntlement!

There are at least two other people in this forum that will agree with my insider views. Also if you can't handle the truth about your beloved Midwest, then the cookie palace brainwash has taken effect. Also if you asked any of our pilots, they'd be quick to agree also. Truth hurts a lot of you guys, which I'm sorry, but except the truth.


User currently offlineDeltaDAWG From United States of America, joined May 2006, 776 posts, RR: 1
Reply 13, posted (7 years 2 weeks 1 day 5 hours ago) and read 3984 times:

Nothing new out of this so far!

Who will fire the first volley - FL or YX?

FL - "they refuse to listen to us"
YX - "we're not for sale because your offer isn't good enough - go back and throw in our compensation"

I can hear it now.



GO Dawgs, Sic' em, woof woof woof
User currently offlineQuickmover From United States of America, joined Mar 2004, 2490 posts, RR: 0
Reply 14, posted (7 years 2 weeks 1 day 5 hours ago) and read 3967 times:

Quoting DeltaDAWG (Reply 14):
Who will fire the first volley - FL or YX?

FL - "they refuse to listen to us"
YX - "we're not for sale because your offer isn't good enough - go back and throw in our compensation"

I can hear it now.

Unless something unexpected happens, I'd say you're right.

Maybe they are still talking. If there was no movement at all on either side, I would think the P.R. releases would be flying by now. Surely there are reporters in MKE, just waiting to pounce after the meeting adjourns.


User currently offlineCa2ohHP From United States of America, joined Sep 2005, 953 posts, RR: 1
Reply 15, posted (7 years 2 weeks 1 day 4 hours ago) and read 3922 times:

Quoting Skyexramper (Reply 12):
Truth hurts a lot of you guys, which I'm sorry, but except the truth.

Truth in your eyes. Some of the things you mentioned I see as enormous goodwill gestures on management's part. You had a CEO work on the ramp? Unheard of anywhere else.


User currently offlineSkyexRamper From , joined Dec 1969, posts, RR:
Reply 16, posted (7 years 2 weeks 1 day 4 hours ago) and read 3899 times:

Quoting Ca2ohHP (Reply 16):
You had a CEO work on the ramp? Unheard of anywhere else.

Not true....Herb and David, of Southwest and JetBlue respectively, were famous for helping out and knowing the jobs of their employees. Baby sitting a CEO that has no business being out there working the flights is very dangerous to himself and everyone around him. But actually it slows us down when the pace isn't fast enough. Management trying to patch up their neglect isn't worth it. Oh yeah...the last time I ran into Timmy, he was going to OMA, he couldn't even give me the time of day. Just a simple "Thank you Sir". I didn't have to help him with his bag as I do with every other passenger. "Keep up the hard work" would have been a much better statement. Outsiders will never understand something they don't deal with first hand.


User currently offlineCa2ohHP From United States of America, joined Sep 2005, 953 posts, RR: 1
Reply 17, posted (7 years 2 weeks 1 day 4 hours ago) and read 3873 times:

Quoting SkyexRamper (Reply 17):
Outsiders will never understand something they don't deal with first hand.

Outsiders in reference to YX maybe, but I definately understand the difference between effective management and poor management. WN, B6 and CO are known for treating their employees as company assets, not liabilities. Sad to see YX isn't included in that short list.


User currently offlineSkyexRamper From , joined Dec 1969, posts, RR:
Reply 18, posted (7 years 2 weeks 1 day 4 hours ago) and read 3859 times:

Quoting Ca2ohHP (Reply 18):
Sad to see YX isn't included in that short list.

Yes, especially how much they hype their slogan and all their #1 ratings. They talk way too much and never follow up with hard evidence.


User currently offlineDavidlc3 From United States of America, joined Jun 2007, 341 posts, RR: 0
Reply 19, posted (7 years 2 weeks 1 day 4 hours ago) and read 3812 times:

Quoting Ca2ohHP (Reply 16):
Unheard of anywhere else

At JI our #2 was well known on a first name basis all over the ramp. When things would get too crazy he'd go throw a few bags on the ramp and get to know the folks on the other side of the belt.

Not loved by all but he did his best to get his hands dirty from time to time.


User currently offlineKarlB737 From United States of America, joined Mar 2004, 3096 posts, RR: 10
Reply 20, posted (7 years 2 weeks 1 day 2 hours ago) and read 3709 times:

Quoting SkyexRamper (Reply 7):
I'm sure they'd meet there since they are try ever so hard to keep the meeting location a secret.

"Management of AirTran Holdings Inc. met with Midwest Air Group Inc.'s board of directors Monday in Milwaukee to present its case for a merger between the competing airline operators."

This is all I can find on the subject at this hour. It has been pretty quiet.


AirTran Management Makes In-Person Pitch To Midwest Board

http://biz.yahoo.com/bizj/070716/1491905.html?.v=1


User currently offlineTVNWZ From United States of America, joined Feb 2006, 2358 posts, RR: 2
Reply 21, posted (7 years 2 weeks 1 day 2 hours ago) and read 3677 times:

Joe Leonard will be outlining what he told the Midwest board at noon tomorrow at the Rotary Club. they meet at The War Memorial. Drop by.

User currently offlineMoMan From United States of America, joined Aug 2004, 1054 posts, RR: 4
Reply 22, posted (7 years 2 weeks 1 day 2 hours ago) and read 3654 times:

Quoting KarlB737 (Thread starter):
"AirTran Chairman and Chief Executive Officer Joe Leonard said the Orlando-based operator of AirTran Airways will dispel rumors about its buyout offer -- AirTran does not, for instance, plan job cuts at Midwest's Milwaukee headquarters. He and other executives will make a presentation and take questions over a three-hour period, when tensions could run high, he said."

Yeah right. Air Tran should consolidate the HQ operations or they will be too expensive and the merger won't be worth it.

IN other news, I think AA should buy YX. They could really use the 717s and I can see the operations fitting in very nicely with each other. Plus AA can cut the HQ staff and move everyone down to DFW, have MKE/MCI focus cities, and use the 717s to replace some of the old Fokker routes. This will also push AirTran back a bit, which seems hell bent on competing head to head in STL, DFW, and other cities.



AA Platinum Member - American Airlines Forever
User currently offlineN917me From United States of America, joined Feb 2005, 729 posts, RR: 1
Reply 23, posted (7 years 2 weeks 1 day 1 hour ago) and read 3615 times:

David should have spent more time behind his desk and maybe he would not have been ousted as CEO.

User currently offlineIsitsafenow From United States of America, joined Feb 2004, 4984 posts, RR: 24
Reply 24, posted (7 years 2 weeks 1 day ago) and read 3528 times:

Quoting MoMan (Reply 22):
I think AA should buy YX. They could really use the 717s and I can see the operations fitting in very nicely with each other.

Tell us you're kidding...
safe  scratchchin 



If two people agree on EVERYTHING, then one isn't necessary.
25 CitrusCritter : It doesn't say they're going to keep MKE open. Maybe they are planning to offer them all jobs in MCO or ATL? Maybe this is a sign that Joe recognizes
26 PExDCA : Yeah, they need the 717's like a hole in the head. If they really thought there was a need they could have kept the TW ones they got rid of. And why
27 Mke717spotter : So has anything come out of this meeting? FL is saying it was "encouraging", while YX is saying that FL told them nothing new or surprising at the mee
28 Post contains links TVNWZ : You don't have to eat lunch with the Rotary to see the presentation. It's here.... http://phx.corporate-ir.net/phoenix.zhtml?c=88626&p=irol-sec Nothin
29 Post contains links SkyexRamper : Ch. 12's newsite: http://www.themilwaukeechannel.com/money/13694467/detail.html MILWAUKEE -- Air Tran's chief executive officer will be in Milwaukee T
30 SkyexRamper : That sure sounds like Timmy is thinking there might be good in the deal. What is Timmy's payout should this go through?
31 Quickmover : Well, they said no again. The only way this deal happens before the next annual meeting is alot of behind the scenes lobbying on two of the six old ME
32 DAYflyer : The people who run YX is one stubborn lot. They must think thier little airline has the value of AA or something.
33 Antoniemey : Umm... AA dropped the TW 717s because they already had a much larger fleet of Fokkers. Unfortunately for AA, circumstances forced them to retire the
34 SkyexRamper : Nah, they think they're the next Continental or something...from bust to best.
35 Mainland : If I've got the tally from SEC filings right, Hoeksema stands to walk away with just over $6.5 million from severance/change in control provisions in
36 Post contains images National757 : You mean it doesn't?? That's news to me
37 Post contains links KarlB737 : Here is some more info on this encounter yesterday. "The board appreciated the information that was shared," says Midwest spokeswoman Carol Skornicka.
38 TVNWZ : No, but Joe Leonard sure is. What a fight for 25 717's.
39 DAYflyer : Yeah no kidding. Read another article on this that both sides are talking a bit, and that no news at this point is good news according to the analyst
40 CitrusCritter : If you honestly think Joe is trying to spend nearly $400mn for 25 717s, you are sadly mistaken. There are 717s sitting in the desert which FL could h
41 Post contains images DAYflyer : Really? Wow, the way some people on this forum speak of them you would think YX's birds were like gifts from the gods or something. Seriously, what t
42 Quickmover : I would also add that Midwest leases their 717s from Boeing capital. FL would only be taking over the lease payments, so in reality, Midwest doesn't
43 Davidlc3 : FL will bill MKE as "Chicago Area" just like they do in a lot of secondary areas. MKE is closer to many of the northern burbs than ORD or MDW. It's t
44 AirTran737 : YX unlike FL has not invested the money tot make their 717's CAT III. That would be the first change. You also have to remove galleys from YX's 717's
45 Davidlc3 : would be better than the squished bug on YX's tail....the rest of their paint job is classic but the logo just doesn't hit it with me.
46 Boeing7E7 : Why would anyone want to work for a company that is only interested in the bottom line vs. a company that is focused on product? That's not being stu
47 CitrusCritter : Sure, it's obvious that FL wanted MDW. They think MKE is the best opportunity out there since they missed out on MDW. I can't say that I really disag
48 JBo : YX isn't moving to a 2-cabin aircraft. It's a single cabin aircraft with two kinds of available seating. Some will argue that it's the same thing, bu
49 Sllevin : YX management is playing with fire at this point. With at least 60% of the ownership of the company preferring to take the Airtran offer, if this deal
50 TVNWZ : The staggered board concept is not unique to Wisconsin. Almost all companies do this no matter where they are incorporated. The company you work for
51 Isitsafenow : Can you say NORTHWEST? That's secondary. MKE as a major hub is the key. The fleet will consist of 717's and Boeing NG 737's. airTran needs a second h
52 Travatl : Because I make $50,000 a year and work 8 days a month.
53 MoMan : No I am not kidding. I can see a lot of synergies between YX and AA. AA doesn't need a MKE hub, but they could capitalize on the routes for P2P flyin
54 N908AW : Spoken like a true fan of AirTran. I'm not so sure. First of all, I've always thought MCO should be/ is the secondary hub/focus city for FL. Second,
55 CitrusCritter : You can be not so sure all you want, but FL does not have need of the additional 717s with so many 737NGs coming on. FL has added a lot of P2P routes
56 Sllevin : True, however, for companies NOT incorporated in Wisconsin, the owners of the company (the stockholders) can -- through voting their shares -- tell t
57 N908AW : Interesting situation...this reminds me of the electoral college. It would seem like it shouldn't be a problem, because the shareholders should theor
58 JBo : Perhaps, but I like the concept from the standpoint that it prevents a company from screwing people over for the sheer notion of cash.
59 Cubsrule : FL is really going to be playing with fire doing this. There aren't many people who are closer to MKE than to ORD (the state line is roughly halfway)
60 Post contains links MUWarriors : Well, just so you know this isn't a Wisconsin only thing, here are a list of states with so-called "stakeholder laws" similar to that of Wisconsin: F
61 Post contains images SkyexRamper : Don't tell any of the employees that have to do with daily MKE operations, you'll have a riot on your hands. Also the 6.5 is about 4.5 years pay for
62 RJ777 : If (and I stress IF) this deal does happen, would the combined airline leave OMA?
63 Atpcliff : Hi! If/when the merger goes through, AirTran will DRAMATICALLY expand MKE. I think it's like 3x or 4x more flights out of MKE. About a year ago the st
64 Indy : To me this just seems like a very dangerous stunt on AirTran's part if they are honestly wanting MKE as a hub. They are looking to spend $400 million.
65 SkyexRamper : Just like DFW? Then they pulled most of their promise out. Cliff, why don't you just go apply to FL now and hope for better seniority if you're all f
66 TVNWZ : Or make them a takeover target like Midwest has become.
67 Mijoatlanta : Just like DFW? That's not really a fair comparison. AirTran never announced a major hub for DFW. MKE is specifically being touted as a hub with plane
68 SkyexRamper : They promised great things in DFW to try to jab at AA, but it didn't work and they ran away with most of their promises.
69 Mijoatlanta : I give you that they backed off plans to grow DFW. But it's still not a fair comparison to plans in MKE. Midwest already has an established hub there
70 CitrusCritter : The best argument I've seen against the merger, and as an FL shareholder, it concerns me. I think YX is vastly overvalued...$10.00/share is more than
71 SkyexRamper : They are promising "great" things here at MKE....but can you believe their talk!?
72 Rumorboy : Actually one the sticking points is that Airtran is really only putting up about 89 million dollars. most of the transaction is using the cash that M
73 Quickmover : One BIG difference here. AA was still there during the FL ramp up in DFW. MEH will be gone. If AA went out of business at the time and left DFW wide
74 Post contains images N908AW : Oh, you have no idea how much I would be laughing. (I'm the one who's not buying into airline mergers right now.) And what does a takeover target ens
75 JBo : It's all a matter of semantics by this point ... what we can agree on is that it's not a conventional 2-cabin layout. In terms of the physical cabin
76 JayDub : If this merger/buyout goes through, I hope for the sake of the combined airline that Midwest's customer service management stays on and FL's CS manag
77 Flashmeister : Umm... as far as I recall, AA dropped the TW 717s because their lease rates were sky-high thanks to TWA's poor financial footing. There are? I'm surp
78 AirTran717 : Cat III capability and ACARS I believe. Name one company anywhere in the history of the world that would not screw customers OR employees over if the
79 Post contains links KarlB737 : Here is some more rhetoric from the Midwest-AirTran meeting this week. My gut reaction to this continued exchange is that a merger won't happen. Midwe
80 Post contains links KarlB737 : And here are the details, graphics, route maps and all. Now you lack nothing to decide this case for yourself. Everyone has an equal amount of informa
81 RJNUT : The cities that they show adding to MCI are already quite well served...the throw in DEN , DFW, CUN and others...Its bogus !
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