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
Supreme Court Poised for New Attack on Unions
The Supreme Court may soon overturn a lower court ruling the held that Federal Regulators are better suited than tort courts to deal with company / union disputes. Supreme Court Poised for New Attack on UnionsIAM141.org5 October 2022On Monday, the U.S. Supreme Court...
October Helping Hands: Mental Health Awareness Month
EAP Peer Coordinators: October is Mental Health awareness month - Helping Hands addresses what a mental health condition is, where you can get good information (heavy emphasis on good), what therapy is about and how to find a counselor. We cover a lot of ground...
Hurricane Ian: Emergency Toolkit
Hurricane Ian: Emergency ToolkitIAM141 EAP28 September 2022Florida's airports are being hammered with sustained winds of over 150 mph from Ian, which is on the cusp of becoming a Category 5 Hurricane. A hurricane of this magnitude passing over an area as...