Spirit and Frontier to Merge

It's pretty early to tell but overall everyone the consensus seems positive:

-pilot group is relatively "similar" (F9 ~1700, NK ~2800)
-Contract is 90% similar (both have the same contract cycle and amendable date of March 2nd)
-Fleet, all Airbus (combined have 350+ aircraft on order?)
-Business model is the same

cons:
it's a merger so yeah...
 
BL just said grounschool that the new headquarters will be in Orlando...

flame away
 
CoffeeIcePapers said:
You think? Common fleet, similar business model, both unions represented by ALPA. Should be pretty smooth, assuming the DOJ signs off.
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I was really talking about single operatingcertificates, merging maintence, reservation systems,
Loyalty programs etc etc etc
 
ASpilot2be said:
Hopefully we get the best of both contracts and keep making this a good place to work. Should be interesting times ahead.
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roundout said:
The spirit and frontier pilot contracts are nearly identical outside of some ancillary work rules and the business models are the same. Both companies have hired explosively in the last 5 years and career progression at the two should be similar. As long as the merge doesn’t get blocked by the federal gumint, i think an integration will be less painful than mergers of the past. I hope I’m not coming across as naive. There will certainly been bumps along the way.
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Do both companies have a merger clause (or whatever its called) in their CBA?
 
ASpilot2be said:
Hopefully we get the best of both contracts
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i haven’t done a merger, but I’ve done a bankruptcy and several concessionary contract negotiations. I feel qualified to present this:

CF3D7B17-DA2A-4605-AC1D-5AF63A1C9399.jpeg
 
FlySooner9 said:
Junior captain at both airlines were hired the same day. Pretty wild.
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those lists aren't 100% accurate when it comes to seat...
FlySooner9 said:
Junior captain at both airlines were hired the same day. Pretty wild.
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yeah that's me on the F9 list...although there are about 30 more that are in training/sims/OE that are still listed as an FO until they finish their 434 ride and line check. (so June/July 2018 is the most JR at F9)
 
Cherokee_Cruiser said:
Not really surprised. I’ve long said the next merger was going to be among the ULCCs. F9, NK, or Alleigant.

“ Spirit investors will receive 1.9126 shares of Frontier plus $2.13 in cash for each Spirit share they own. The companies say the deal implies a value of $25.83 per Spirit share, which would be a 19% premium over the value of Spirit shares at the end of last week. “


When VX was bought, it was cash out at 57/share. It doesn’t look like it’s the same way here?

What does this mean as a SAVE stockholder? Receive 1.9126 shares of frontier? That’s if you own 1 SAVE share you get 1.9126? And an additional 2.13/cash per share?

I got 1,150 SAVE shares. Trying to see what this all implies.
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By all means let’s figure out @Cherokee_Cruiser’s stock portfolio for him.
We can worry about the members of this community whose careers are directly impacted by this some other time.
You are the worst kind of person.
 
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