LUVJAMESC4EVER, on 04 October 2011 - 06:09 PM, said:
http://www.thestreet...=FREE&cm_ite=NA
The second potential path to a merger with American Airlines could occur in bankruptcy court, if one assumes that the bankruptcy chatter is to be believed, which is a big step.
"At this point, American's market capitalization is clearly a small enough number for a takeover bid," said Avondale Partners airline analyst Bob McAdoo, in an interview. "
How would a merger / seniority integation likely play out?
1. There is no single collective bargaining agreement between East and West.
2. There is no single seniority liste between East and West
3. Even Judge Wake stated that without a single agreement he could not impose a seniroty list.
4. The McKaskill / Bond provisions will apply
5. The West cannot impose Nicolau
6. The East cannot impose Date of Hire
7. Each party East, West and APA will have the opportunity to negotiate, or arbitrate as stated in the MB Amendment.
8. The Trick for USAPA is to ensure that West pilots receive adequate financial support so that they can hire their own merger counsel and have complete freedome to seek their own interests.
9. The financial distribution could be done by assessment of all members of the bargaining unit and then divided based on population. That way the WEst would be in effect assessing themselves and paying for their own support. It might require an overide of some amount to account for the lack of infrastructure that the West has for administrative work. The East dues support the Office / Staff etc.
10, Parker has stated that this is a likely outcome in crew news videos. He was very quick to say that this was simple, each party would seek its own interests. He likes it because it relieves him of the company's DFR responsibility.