Up, Up and Away; JetBlue Management
Again Ups its Bid for Spirit: Now $3.7 BILLION
Justice at JetBlue
22 June 2022
Washington, June 16, 2022 – The International Association of Machinists and Aerospace Workers (IAM) applauds the U.S. House Transportation and Infrastructure Committee for approving the Global Aircraft Maintenance Safety Improvement Act (H.R. 7321).
JetBlue management yesterday once again upped its bid to $3.7 BILLION to merge with Spirit Airlines. This is approximately 68% more than the Frontier offer.
You read that right, yes, 68% more.
JetBlue management is totally obsessed with merging with Spirit, and it appears no price is too high.
Management previously cut the summer flight schedule by about 10 percent due to staffing concerns. JetBlue could be investing much more in its people to retain workers that we need and attract new workers, which we also need. But, it seems management is more concerned with merging with Spirit, even as many economists predict a slowing economy
due to rising interest rates to battle inflation.
The tough questions are:
(1) Could this money be utilized more wisely?
(2) Is the total obsession with merging with Spirit good for us?
Management has claimed it will divest routes in the Northeast and gates in FLL. Without a union contract to protect our interests in a merger, we are certainly at risk and that needs to be fixed as soon as possible.
The International Association of Machinists and Aerospace Workers (IAM) is one of the largest and most diverse industrial trade unions in North America, representing approximately 600,000 active and retired members in the aerospace, defense, airlines, railroad, transit, healthcare, automotive, and other industries.
Related News
American Rescue Plan Highlights
The Machinists Union led the fight to pass the American Rescue Plan. Our activism saved tens of thousands of IAM airline, transit and other critical industry jobs. Content Provided by WhiteHouse.Gov>>Emergency Legislative Package to Fund Vaccinations,...
American Rescue Plan to Deliver Lifeline to Machinists Union Members in Critical Industries
[supsystic-social-sharing id='3']In an historic win for working American families, the House of Representatives passed the Senate version of the American Rescue plan yesterday and President Biden signed it into law today. Machinists members from around the country...
Majority Leader Schumer, IAM Led the Fight for Pension Plan Relief
[supsystic-social-sharing id='3']The Machinists Union along with Majority Leader Chuck Schumer led the way in fighting to save troubled multiemployer pension plans while fully protecting the earned and vested benefits of current and future retirees. While the majority...