Originally Posted by
formerdal
Seems hard to believe that they are in compliance with adding so much capacity and no indications of pulling it back while we will be cutting capacity substantially in short order. My point was that the way the JV is written it allows a very large ability to flex with no real hurry to get the balance back in compliance.
Yes our flying aircraft with fewer seats does require us to fly more metal and therefore more pilot jobs albeit in somewhat lower paying positions. Maybe that will all change when the ownership rules change and we all go to work for AF.
The compliance limits are "Trade Secret" but yes, there is a good flux, and even when they go out of it, there is a corrective period. Even if they are out of the allowable limits, they are in the corrective period and can easily be back in with next summers schedule load. We may not like that, but the fact is that, as written they are in compliance. Because of the level of the draw down, we got a route or two from AF. That was to keep it with in the corrective limits.
I am not sure you will be able to tighten it up. The only way you will have a chance to amend it is if/when Virgin Atlantic is added, and that will take the balance well below 50-50 due to the metal they fly.