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YX Forms Committee To Talk To FL, Others  
User currently offlineKnope2001 From United States of America, joined May 2005, 2947 posts, RR: 30
Posted (7 years 2 months 3 weeks 5 days 15 hours ago) and read 5607 times:

http://biz.yahoo.com/prnews/070731/aqtu134.html?.v=7



Midwest Air Group Board Forms Committee to Explore Strategic and Financial Alternatives
Tuesday July 31, 8:30 am ET


MILWAUKEE, July 31 /PRNewswire-FirstCall/ -- The Board of Directors of Midwest Air Group, Inc. (Amex: MEH - News), parent company of Midwest Airlines, announced today that it has formed a committee to explore strategic and financial alternatives that would serve to enhance value for the company's shareholders.

The committee's mandate is to review and evaluate strategic and financial alternatives and, as appropriate, make a recommendation to the full board of directors with regard to those alternatives. While the board of directors has not changed its recommendation regarding the unsolicited exchange offer by AirTran Holdings, Inc., the committee intends to commence discussions with AirTran regarding its proposal to acquire all outstanding shares of Midwest. Additionally, the committee intends to hold discussions with other strategic and financial parties that have recently expressed interest in pursuing a transaction with Midwest. The committee intends to execute confidentiality agreements with each of the interested parties that will enable them to conduct due diligence investigations. There is no assurance that this process will result in a transaction with AirTran or any other party.

The committee has five members. Serving as chairman is Samuel K. Skinner, Chicago, former Secretary of the U.S. Department of Transportation. Other members include: Jeffrey H. Erickson, Scottsdale, Ariz., a newly elected board member and former president and chief executive officer of Trans World Airlines and Atlas Air Worldwide Holdings; Ulice Payne, greater Milwaukee area, member of the board's Audit and Compensation Committees; Elizabeth T. Solberg, Kansas City, chair of the board's Compensation Committee; and Richard H. Sonnentag, greater Milwaukee area, long-time board member and chair of the board's Audit Committee.

According to Skinner, the board's decision to form the committee was made after extensive deliberations. "On April 12, the board recommended that shareholders reject the most recent AirTran offer. At that time, the board concluded that Midwest's strategic plan provides more attractive long-term value-creation opportunities for shareholders," he explained. "By providing AirTran and other interested parties with access to our confidential information and holding discussions with them, the board is pursuing a process to evaluate whether greater value can be delivered to shareholders through a near-term transaction."

Due to the nature of the committee's process, Midwest Airlines cannot commit to when it will comment further.

113 replies: All unread, showing first 25:
 
User currently offlineKnope2001 From United States of America, joined May 2005, 2947 posts, RR: 30
Reply 1, posted (7 years 2 months 3 weeks 5 days 15 hours ago) and read 5596 times:

I find this part particularly interesting....

Quoting Knope2001 (Thread starter):
Additionally, the committee intends to hold discussions with other strategic and financial parties that have recently expressed interest in pursuing a transaction with Midwest. The

does this suggest...

(a) that they are essentially planning on going with AirTran, but they don't want to portray it as a foregone conclusion without proper additional due dilligence

(b) that they have another buyout (including possibly one that would take them private) in the works, but they can't simply take it without fully evaluating...or giving the appearance of evaluating...all offers on the table

(c) something else?


User currently offlineMikey711MN From United States of America, joined Nov 2003, 1400 posts, RR: 8
Reply 2, posted (7 years 2 months 3 weeks 5 days 15 hours ago) and read 5536 times:

Quoting Knope2001 (Reply 1):
does this suggest...

(a) that they are essentially planning on going with AirTran, but they don't want to portray it as a foregone conclusion without proper additional due dilligence

(b) that they have another buyout (including possibly one that would take them private) in the works, but they can't simply take it without fully evaluating...or giving the appearance of evaluating...all offers on the table

(c) something else?

If I had a guess, I'd say "a".

"b" makes sense, but I'm unconvinced, given the lack of detail that MEH has offered to show value of their go-it-alone plan, that a private investment house would be interested. I refer to the pounding that management took during the last conference call and the sheer failure to deliberately address the question "what in the current plan contributes to the value of MEH shares?"

-Mike



I plan on living forever. So far, so good...
User currently offlineFlyingchoirboy From United States of America, joined Oct 2003, 281 posts, RR: 5
Reply 3, posted (7 years 2 months 3 weeks 5 days 14 hours ago) and read 5507 times:
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Thank goodness! The best way for the merger to go forward is if both parties are satisfied. I hope this leads to a reduction in tension between the two carriers.

Scott



Flyingchoirboy: He sings, he flies, and sometimes he does both at the same time.
User currently offlineKnope2001 From United States of America, joined May 2005, 2947 posts, RR: 30
Reply 4, posted (7 years 2 months 3 weeks 5 days 14 hours ago) and read 5452 times:

Quoting Mikey711MN (Reply 2):
does this suggest...

(a) that they are essentially planning on going with AirTran, but they don't want to portray it as a foregone conclusion without proper additional due dilligence

(b) that they have another buyout (including possibly one that would take them private) in the works, but they can't simply take it without fully evaluating...or giving the appearance of evaluating...all offers on the table

(c) something else?

If I had a guess, I'd say "a".

"b" makes sense, but I'm unconvinced, given the lack of detail that MEH has offered to show value of their go-it-alone plan, that a private investment house would be interested.

However a bid or bidder that Midwest has cooperated with may have more information than they have given AirTran. That's especially true if there's a consortium of investors brought together for the deal.

Quoting Mikey711MN (Reply 2):
I refer to the pounding that management took during the last conference call and the sheer failure to deliberately address the question "what in the current plan contributes to the value of MEH shares?

I think people make way too much of the drama at the conference call. The hedge fund reps, whose copmany clearly bought in to MEH after the AirTran puruit became public, have every interest for Midwest to sell ASAP. Their rants were fully predictable. Tim and the MEH reps have continued to stonewall again and again, and their refusal to enter into that debate on a conference call with continued stonewalling was just as predictable. Neither really tells us anything new.

[Edited 2007-07-31 16:31:46]

User currently onlineCitrusCritter From Pitcairn Islands, joined May 2007, 1110 posts, RR: 3
Reply 5, posted (7 years 2 months 3 weeks 5 days 14 hours ago) and read 5436 times:

Quoting Mikey711MN (Reply 2):
b" makes sense, but I'm unconvinced, given the lack of detail that MEH has offered to show value of their go-it-alone plan, that a private investment house would be interested.

I read elsewhere on the board that Herb Kohl had said that he would buy YX before he let FL buy them. Do you know if this is actually true? I imagine he can put together a group of investors to make this happen, though you are correct that few people will invest large sums of money into a business without a legitimate plan to move forward.



TLH
User currently offlineMainland From United States of America, joined Jun 2004, 309 posts, RR: 0
Reply 6, posted (7 years 2 months 3 weeks 5 days 14 hours ago) and read 5430 times:

There goes any doubt on if the tender would be extended....


You don't need a passport to know what state you're in...
User currently offlineQuickmover From United States of America, joined Mar 2004, 2494 posts, RR: 0
Reply 7, posted (7 years 2 months 3 weeks 5 days 14 hours ago) and read 5430 times:

Quoting Knope2001 (Reply 4):
However a bid or bidder that Midwest has cooperated with may have more information than they have given AirTran. That's especially true if there's a consortium of investors brought together for the deal.

Is that legal?

I can't see how they can withhold information from a bidder they don't "like" once they have agreed to look at strategic opportunities. Especially with 3 Airtran boardmembers.


User currently offlineDAYflyer From United States of America, joined Sep 2004, 3807 posts, RR: 3
Reply 8, posted (7 years 2 months 3 weeks 5 days 14 hours ago) and read 5423 times:

Quoting Mainland (Reply 6):
There goes any doubt on if the tender would be extended....

.....or accepted. This merger will go through this year.



One Nation Under God
User currently offlineKnope2001 From United States of America, joined May 2005, 2947 posts, RR: 30
Reply 9, posted (7 years 2 months 3 weeks 5 days 14 hours ago) and read 5423 times:

Quoting Knope2001 (Reply 4):
However a bid or bidder that Midwest has cooperated with may have more information than they have given AirTran. That's especially true if there's a consortium of investors brought together for the deal.

I should have added that any potential suitor which Midwest is courting (if one exists...and that's only suggested in today's release) would also have access to information Midwest could produce to reture or cast serious doubt on AirTran's plans, and thus the comparative long-term value of the company if sold to AAI.

I can't help but think about the clause in the Midwest - Skywest agreement in which Skywest agreed to inject $25k in captial to Midwest should Midwest choose to exercise it. Certainly $25m alone isn't going to take the company private, but there's a reason it was added to the contract. Now does that mean Skywest is definitely part of a consortium which will buy out Midwest instead of AirTran? Of course not. But it suggests that such options have been seriously considered as a backup plan should AirTran continue their hunt, which they have. And so the notion of another bidder is not so far-fetched.


User currently offlineMikey711MN From United States of America, joined Nov 2003, 1400 posts, RR: 8
Reply 10, posted (7 years 2 months 3 weeks 5 days 14 hours ago) and read 5423 times:

Quoting CitrusCritter (Reply 5):
I read elsewhere on the board that Herb Kohl had said that he would buy YX before he let FL buy them. Do you know if this is actually true?

I think only Herb Kohl knows that. Frankly, I'm not sure if he's ever gone on record saying that as opposed to his letter formally opposing the acquisition attempt by FL.

Quoting CitrusCritter (Reply 5):
[F]ew people will invest large sums of money into a business without a legitimate plan to move forward.

...and I would think that Herb Kohl, a shrewd businessman in his own right, would fail to come to the conclusion that YX is well- and uniquely-positioned to make large sums of money moving forward for him to buy in either in whole or in part.

-Mike



I plan on living forever. So far, so good...
User currently offlineEXAAUADL From , joined Dec 1969, posts, RR:
Reply 11, posted (7 years 2 months 3 weeks 5 days 14 hours ago) and read 5389 times:

Quoting CitrusCritter (Reply 5):
I read elsewhere on the board that Herb Kohl had said that he would buy YX before he let FL buy them

I know he owns the Bucks, but how much can a member of congress own?? When it comes to an airline there would be potential huge conflicts of interest if he owned YX. Of course he might also really let the FAA have it for such a lousy ATC system.


User currently offlineQuickmover From United States of America, joined Mar 2004, 2494 posts, RR: 0
Reply 12, posted (7 years 2 months 3 weeks 5 days 13 hours ago) and read 5367 times:

Quoting Mikey711MN (Reply 10):
...and I would think that Herb Kohl, a shrewd businessman in his own right, would fail to come to the conclusion that YX is well- and uniquely-positioned to make large sums of money moving forward for him to buy in either in whole or in part.

He would have to bid more than FL to even have a chance. If an elected politician, got a sweetheart deal just to keep the headquarters local, the shareholder lawsuits would come fast and furious. Regardless of what many think, the shareholders own this company. Their time horizon or investment objectives are irrelevent. They wrote the check for the shares (directly or indirectly) and deserve to have their say and be compensated for their investment.


User currently offlineIlovenz From United States of America, joined Aug 2004, 149 posts, RR: 1
Reply 13, posted (7 years 2 months 3 weeks 5 days 13 hours ago) and read 5329 times:

Well, thankfully, at least two of the comittee members are from Milwaukee, and an additional one is from Kansas City, so they can advocate for the employees who are gonna be threatened by this potential merger. By Aug. 10 the pilots and FAs and everyone else at YX will know if they need to start looking for new jobs, or at least make sure they have supplemental income given the shaft FL is gonna give the employees they keep around.

User currently offlineMikey711MN From United States of America, joined Nov 2003, 1400 posts, RR: 8
Reply 14, posted (7 years 2 months 3 weeks 5 days 13 hours ago) and read 5286 times:

Quoting Ilovenz (Reply 13):
By Aug. 10 the pilots and FAs and everyone else at YX will know if they need to start looking for new jobs

So who's going to fly the planes and attend the flights?

-Mike



I plan on living forever. So far, so good...
User currently offlineSkyexRamper From , joined Dec 1969, posts, RR:
Reply 15, posted (7 years 2 months 3 weeks 5 days 12 hours ago) and read 5257 times:

Quoting Ilovenz (Reply 13):
By Aug. 10 the pilots and FAs and everyone else at YX will know if they need to start looking for new jobs, or at least make sure they have supplemental income given the shaft FL is gonna give the employees they keep around.

Well just after all the pilots at Skyway get a raise, as their contracts are being redone at that time. Also it would take probably 2years for the sale to be completed before all the cutting and killing would take place.


User currently offlineTravatl From United States of America, joined Mar 2001, 2173 posts, RR: 7
Reply 16, posted (7 years 2 months 3 weeks 5 days 12 hours ago) and read 5254 times:

Actually the pilots and flight attendants will fair very well in the merger. Over half of their flight attendants will be senior to me in a post-merger, and I'm in the top 5% at AirTran now.

User currently offlineN917me From United States of America, joined Feb 2005, 730 posts, RR: 1
Reply 17, posted (7 years 2 months 3 weeks 5 days 12 hours ago) and read 5254 times:

Quoting Ilovenz (Reply 13):
By Aug. 10 the pilots and FAs and everyone else at YX will know if they need to start looking for new jobs, or at least make sure they have supplemental income given the shaft FL is gonna give the employees they keep around.

Most likley Pilots and FA's will be secure, although I have no idea how low they will fall in seniority, some CA may end up as FO's.

CSR's/Rampers, in cities where FL is understaffed, they will be offered positions, although I think it is safe to say at a significantly lower wage. In cities where FL is staffed OK, sorry, but the YX staff will not be offered positions. I don;t care what Joe has said and promised, I have been through mergers before, and have seen many co workers loose their positions. After all, a merger is meant to grow a company while cutting costs. FYI, a counter/gate CSR starting in the East for YX is approx 10.50/hr plus shift diff.


User currently offlineMke717spotter From United States of America, joined Dec 2005, 2458 posts, RR: 5
Reply 18, posted (7 years 2 months 3 weeks 5 days 12 hours ago) and read 5221 times:

Hmmm it seems like something else is up other than FL...Does anyone have any idea who these "other strategic and financial parties that have recently expressed interest in pursuing a transaction with Midwest" may be and how many? This makes me believe that they are going to be bought out by someone other than FL/go private. Hey, who knows, maybe Herb Kohl is actually one of the guys who YX will be talking to, ha. It just seems to me if YX wanted to go along with FL they would just jump into to head to head discussions. That's just what I think anyways...


Will you watch the Cleveland Browns and the Detroit Lions on Sunday? Only if coach Eric Mangini resigned after a loss.
User currently offlineN917ME From United States of America, joined Feb 2005, 730 posts, RR: 1
Reply 19, posted (7 years 2 months 3 weeks 5 days 12 hours ago) and read 5192 times:

There is a "talk with Tim" at 1p today. I am sure not much will be revealed. Just the usual, we can not comment on who, when , etc..

Time will tell.


User currently offlineTravatl From United States of America, joined Mar 2001, 2173 posts, RR: 7
Reply 20, posted (7 years 2 months 3 weeks 5 days 12 hours ago) and read 5192 times:

Quoting N917me (Reply 17):
FYI, a counter/gate CSR starting in the East for YX is approx 10.50/hr plus shift diff

FL CSRs start at $10 plus shift diff in the east.


User currently offlineTVNWZ From United States of America, joined Feb 2006, 2398 posts, RR: 2
Reply 21, posted (7 years 2 months 3 weeks 5 days 12 hours ago) and read 5175 times:

Game, set, match...AAI.

User currently offlineAzjubilee From United States of America, joined Apr 2000, 3952 posts, RR: 28
Reply 22, posted (7 years 2 months 3 weeks 5 days 12 hours ago) and read 5175 times:

I heard NWA could be one of those in the "other" category. NWA acquires Midwest and operates it as a subsidiary like they do with Mesaba, Compass and Champion in the past. The keeps Midwest, Midwest and prevents AirTran from competing effectively in the upper midwest. Everyone wins, except of course the Tranny. This solidifies the heartland as red tail country! This also prevents the Tran from getting too strong and improving their fight against big D down in the A-T-L.



AZJ


User currently offlineTravatl From United States of America, joined Mar 2001, 2173 posts, RR: 7
Reply 23, posted (7 years 2 months 3 weeks 5 days 12 hours ago) and read 5172 times:

Quoting Azjubilee (Reply 22):
NWA acquires Midwest and operates it as a subsidiary like they do with Mesaba, Compass and Champion in the past.

How would the pilot's scope clause work with that? Isn't that how the original AirTran came into being in the first place?


User currently offlineN917ME From United States of America, joined Feb 2005, 730 posts, RR: 1
Reply 24, posted (7 years 2 months 3 weeks 5 days 12 hours ago) and read 5161 times:

Quoting Travatl (Reply 20):
FL CSRs start at $10 plus shift diff in the east.

Still a pay cut.


25 Quickmover : I'm sure they won't make any cuts.
26 Azjubilee : They could potentially operate it as a subsidiary, or roll it into NWA getting rid of the fleet. Scope wouldn't matter if it operates a/c with less th
27 JBo : That, or Midwest could be operated as a subsidiary entirely independent of NW's operation, where the two companies are tied only at the highest corpo
28 Post contains links Mikey711MN : Here's an update from the Milwaukee Journal-Sentinel NewsWatch article this afternoon. -Mike
29 Quickmover : No offense, but your dreaming. They might keep the flight crews in this scenario, but ground handling and customer service would be taken over by exi
30 Azjubilee : NWA wouldn't operate MKE as a hub. It would obviously be a focus city, like it has been in the past. The only difference this time, would be they woul
31 N917ME : Or this whole meeting with FL could be YX's way of getting Octavian off their back. YX may have no intentions on merging, but by meeting it would appe
32 Boeing7E7 : Or not. Several other interested parties from my understanding.
33 Sllevin : It's way more than Octavian. If the deal doesn't happen at this point, and if the stock price falls dramatically, the YX board needs to have VERY goo
34 Post contains images JBo : None taken, I even admitted so when I stated it was a utopian perspective. An interesting rumor, indeed. Granted, pilots will tell you just about any
35 Srbmod : I don't exactly think this means the game is over and AirTran has won. I think Midwest will look to being acquired by AirTran as the last option if th
36 N917ME : Generally YX has their own above wing staff at most outstations that are mainline. Usually after a station has 5 or more flights.. or has a good oppo
37 Srbmod : Yikes, that kind of reminds me of DL in some ways, especially DL Connection only cities. I remember years back when I worked for EV, there were some
38 Cubsrule : I wonder whether NW would need to buy YX to reenter MKE in the absence of YX. It seems like a safe bet that NW will not attempt another focus city th
39 Sideflare75 : Weren't they 319's and not 320's? Too small for YX.
40 N822ME : You make the assumption that seniority would be integrated based on date of hire. I believe both flight attendant groups are AFA, so date of hire wou
41 N822ME : There was some discussion on a previous thread, and I believe these planes were going back to leasing companies and then to Russia.
42 B757capt : Pay cut or a job with a company that is making money. You decide, well at least you will be able to in a few months.
43 N822ME : Midwest is making money.
44 Bobnwa : You are right, NWA did own the original Air Tran but had to give it up under pressure from the Northwest pilots at the time. Air Tran operated separa
45 SkyexRamper : Actually, the original AirTran was never owned by NWA itself. It was created and owned by Mesaba at which point NWA only owned 29% of Mesaba. That is
46 We're Nuts : A merger simply to satisfy cut-and-run investment companies. How pathetic. If this happens, it will ruin AirTran. There is absolutely no strategic bas
47 Srbmod : Only a slight one. But some stations do start out at a higher pay rate than others because of the higher cost of living in those cities. The starting
48 Sllevin : Actually, if that were true, the holders of YX would have kicked in much earlier and with greater numbers. There's nothing "cut and run" here at all.
49 Mikey711MN : ...at least to the level where the value of the shares would be at what FL is offering anyway. Truth be told, they are arguably growing the company.
50 N822ME : Holders of Midwest stock seemed to be reasonably satisfied prior to the AirTran offer... no big calls for mergers, change in management, etc. However
51 Indy : This could be a really clever move on YX's part. Put something like this out and bring in more speculators and possibly boost the price of the stock e
52 Mke717spotter : So no matter who ends up buying YX, will YX be gone after that or will they still be around?
53 Sideflare75 : The word we were told is that many things could happen depending on who buys us. If it's another airline then we are gone. If someone wants to take YX
54 Post contains images Indy : The ones who know are going to walk away with lined pockets while the workers get the boot. At least I'm pretty sure that is how it works.
55 Mcofreak : I wonder if WN will swoop in and get into the mix as they have in the past. (MDW) With on order planes they could replace the Midwest fleet in no time
56 N917me : Thanks, But I will stay with YX,,, I believe we were profitable last year, and Q2 was profitable.. 4 mil.. could have 6-7 mil if FL were not so despe
57 Indy : I wonder how vulnerable FL is to a takeover? Wouldn't it be brilliant if WN went after them? They could take all those 737's and turn around and sell
58 PiedmontINT : One thing everyone seems to neglect when thinking of a potential NWA takeover would be the fact that there would be 3 Hubs (or focus city for MKE as s
59 Travatl : And kudos to them - they do an EXCELLENT job - I always enjoy working flights thru LAX. (And we handle Midwest Connect on the ground in IND). As for
60 Post contains links Travatl : The latest, FL PR.... JLeo still claiming they're gonna adopt some YX practices. I hope he's right.... http://biz.yahoo.com/ap/070801/midwest_airtran.
61 Srbmod : I seriously doubt WN is looking to buy up another airline. They learned their lesson in the Morris Air buyout. If they were looking to buy an airline
62 Sllevin : Just remember, the higher the purchase price, the greater the pressure to improve profits. And the easiest way to improve profits is to cut costs. In
63 Ilovenz : Well, as for my earlier comment, I understand that even if the merger does go through, it will be at least 2 or 3 years before its all said and done (
64 Travatl : Well, you're wrong. First, we don't even have a training facility in MCO. Second, why would we replace the MD80 pilots - when we'll need pilots to fl
65 Citrus1 : Well that's it. This was about the most fact-less post yet....and why people are so hell bent on Airtran getting rid of YX people just mystifies me.
66 Post contains links Mainland : Well, there are four interested parties, including AirTran. Four confidentiality agreements signed: Midwest Air Group Enters Into Confidentiality Agre
67 Indy : Let the games begin. Time to make popcorn? Now I wonder how focused FL will stay on YX? Think they can stomach some competition?
68 CitrusCritter : Why? They need pilots for the new 737s coming online, don't they? In order for there to be competition, there must actually be an offer made. As yet t
69 Mke717spotter : I'm going to guess that along with FL its got to be NW and then 2 private equity groups? Or maybe its 3 private equity groups and FL, I'm kinda undeci
70 CitrusCritter : I can imagine WN...not so much that they want YX, but that they don't want FL to have YX and MKE. This is a big chess game, and MKE allows FL to beco
71 Travatl : I think AirTran is willing to go the distance for this. Southwest at MDW was gonna be an uphill battle even if they had gotten the ATA assets...this i
72 Post contains images Isitsafenow : The only thing airTran understands is the same thing NW understands. It's called MONEY. They like it and they want more. That is priority one for air
73 Knope2001 : I think there's a good chance that one of the interested parties is Skywest. They are a few times bigger than Midwest and generally considered the mos
74 Skyrat : I agree. I know SkyWest has enough money to do it.
75 Cubsrule : Isn't that the same thing he said back in December? Just more useless P.R. (something neither side is short of in this). It seems like they'd canniba
76 Post contains images CitrusCritter : I hope it's NW and that they outbid FL for YX. Then, in my best case scenario, all the labor problems will finally sink NW, opening up MSP, MKE, DTW,
77 Post contains links Mke717spotter : Here's something that caught my eye, could be one of the parties interested in YX as a private equity group: Milw. Investors Fight to Keep Midwest Air
78 Indy : I have a pretty good idea as to one of the parties. I have a family member that used to live and work in Milwaukee and the employer had a significant
79 Bobnwa : Are you sworn to secrecy to not tell us the name. I promise, we will not tell anyone else.
80 Indy : I'm not sworn to secrecy. I'm not a fan of law firms and I don't care to give them any free publicity. Plus they are one of my least favorite types. I
81 SkyexRamper : Foley & Lardner 15th largest law firm in the country.
82 Post contains images Indy : Bingo If memory serves me correct YX is a client of Foley & Lardner so they have a vested interest. If anyone has the ability to launch a campaign to
83 Post contains images SkyexRamper : It took all of seconds to figure that answer out..
84 Citrus1 : They have an Orlando Office.
85 JpetekYXMD80 : They have a New York office, Boston office, Tampa office, LA office, etc, etc, etc. Whats your point?
86 Citrus1 : Same point that's being here.
87 JpetekYXMD80 : Um...okay? They have an office in Orlando, so what? They have an office in most major cities. They are headquartered in Milwaukee with ties to YX. A
88 Mikey711MN : The insinuation, I suppose, would be that AirTran HQ is there too. -Mike
89 Citrus1 : That's my point, oh and not so different.
90 Cubsrule : Does FL's office in Chicago make them a Chicago company?
91 JpetekYXMD80 : Okay, its obvious you have no idea what you're talking about.
92 CitrusCritter : No, it definitely is different. Many law firms have offices throughout the country, doesn't mean they have the same sort of ties to the community whe
93 SkyexRamper : Boston Brussels Chicago Detroit Jacksonville Los Angeles Madison Milwaukee New York Orlando Sacramento San Diego San Diego/Del Mar San Francisco Sili
94 Indy : For those who don't know any different Foley & Lardner has a huge operation in Milwaukee. They don't have just a paper office for tax purposes. That
95 Isitsafenow : I would think the law firm has a much to do with this merger as Northwestern Mutual Life, Harley Davidson, or Briggs and Stratton...other MKE based b
96 LGM1030 : You have to wonder how the dynamics of the YX board have changed with the addition of the FL-backed members. At a minimum, they're going to make sure
97 Srbmod : While Skywest Inc. may have the $$$ to make such a deal, more than likely, there's two major obstacles to such a deal, Delta and United. Atlantic Coa
98 Tedex : Not by normal and reasonable logic, but FL tried gaining access to the YX shareholder list in NY courts since YX does business in NY. (Of course, the
99 Ilovenz : I thought the vast majority of these posts were based on speculation supported by information perceived as fact. I was told by a few people in the kn
100 JBo : I could see DL and UA possibly getting sand in their nethers over SkyWest buying YX. However, a fundamental difference between the situation proposed
101 Knope2001 : Definitely possible, but I don't know that it is necessarily likely. The devil is definitely in the details of the agreements they have with Delta an
102 RJNUT : I would think the legacies would more than welcome the idea of propping up a higher yielding , insignificant competitor rather than having FL expandin
103 Srbmod : But ExpressJet is actually limited on where they can operate to outside of their CO and DL contracts. Another issue to bring up regarding SkyWest Inc
104 N822ME : Joe Leonard has said only 14 people would be let go, and by my count that's VP and above at Midwest. But the rest of us? AirTran says we'll have jobs
105 Knope2001 : True...they cannot operate competing service to Continental's hubs of CLE, IAH and EWR. This was a key factor in making ExpressJet not succeed in bid
106 Knope2001 : It just doesn't pass the smell test to believe that most MKE jobs beyond front line and crew/inflight will stay here, if anywhere. They'd be fools to
107 Knope2001 : Quite true. Although the flip side is that Skywest bought ASA in spite of the union presence...it didn't stop them. So does that mean unionizaton wou
108 Srbmod : It's no secret that the City of Atlanta would love to see the airline return its' HQ to town (Valujet was HQ'd in Atlanta, but with the merger, those
109 Cubsrule : The UA* contract prohibits OO from flying DL* or YX* out of a UA hub to anywhere but a competitor hub (defined, I believe, as MKE and MCI for YX and
110 Post contains links Knope2001 : I found something from a Skywest 10k two years ago: "Delta's scope limitations restrict its partners from operating aircraft with over 70 seats even i
111 Skyrat : If they bought YX, then they would operated it as a separate company(just like ASA). I think it's o.k. for SKW to have a separate company fly whatever
112 JBo : I present to you exhibit A: Republic Airways Corp. Which currently operates the 78-passenger Embraer 175 for US under Republic Airlines, and 70-seat
113 Knope2001 : Ahhh...thank you, JBo! I was looking for just such an example, and I forgot about split certificate companies like Republic/Chautauqua. Mesa/Freedom a
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