I Think I Can Fix Everything

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lownslow
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I Think I Can Fix Everything

Post by lownslow »

Why don't pilot unions just buy their airlines? Obviously not all at once, that would be way too expensive, but unions do have their investments so invest in the place they want to see a change at.

Clearly there must be some screaming reason they don't do that... right?
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digits_
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Re: I Think I Can Fix Everything

Post by digits_ »

lownslow wrote:
Mon May 14, 2018 9:54 am
Why don't pilot unions just buy their airlines? Obviously not all at once, that would be way too expensive, but unions do have their investments so invest in the place they want to see a change at.

Clearly there must be some screaming reason they don't do that... right?
They try to achieve the best deals for the employees, not for the shareholders.

I'm not the biggest fan of unions, but in their defense, I've never heard a union claim they know what's best for the company or that they would run the company better.
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Air.Field
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Re: I Think I Can Fix Everything

Post by Air.Field »

Or how about the companies give the best deal to their employees, then there wouldn't be a need to unionize.
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islandguy
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Re: I Think I Can Fix Everything

Post by islandguy »

They do. ACPA has a sizeable stake in Air Canada at the moment. They're discussing what to do with all the shares they took on as part of the last restructuring now that they're worth so much—and I'm guessing they'll still be discussing it when the shares drop by 80% in the next recession :)
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Zaibatsu
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Re: I Think I Can Fix Everything

Post by Zaibatsu »

Unions usually scare off investors, not attract them. I also think it would be counterproductive to them wanting to negotiate higher wages or better working conditions, as it would have a direct effect on their investment.
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