Not sure why all the concern about seniority. The reports indicate the operations will be kept 'strictly separate' so no blurring of the boundaries or transfer of value (revenues or costs) between the entities - unlike the red white silver orange conglomerate. I foresee someone at Tiger wanting to transfer to Virgin would have to apply, win the job, and resign from their previous post. Seniority would be part of the salary structure negotiation at the time of application/offer of employment. Good luck with that!
I agree with Mr VH-Cheer Up and Anthill (An excellent post by the way)
I read it as no intergration.
As for the deal I was never great at business but I do see this as a risky deal. JB is looking at growing the group as he should and he is a good fella, but he has paid $35mil for 60% of an Airline losing $15mil a month, sold 10% of Virgin at market price, agreed on cofunding another $60mil for further aircraft purchases for Tiger.and launched a takeover bid for Skywest Effectively already spending the $100 odd mil Sing has paid plus more of Virgins cash.On top of that Tiger Austhhas to pay an annual Licence fee to Sing Air for the next 20 years plus a further $5mil if they hit certain financial targets.
I'm sure if anyone can turn around Tiger JB can, he has the runs on the board and is a genuine Aviation Manager with real experience. It is surely a positive the Tiger guys and girls but as I read it he and his management teram are going to have to work their tits off to stop the cash burn at Tiger.
Interesting times that is for sure but I am not sure intergration of the Pilot Group is at the top of the to do list just yet.