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Old 10-26-2011 | 03:05 PM
  #45  
qxlooper
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Joined: Oct 2008
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Originally Posted by zoooropa
FAPA will be here as long as Frontier Airlines exists.

If Frontier is sold, FAPA will once again be the bargaining agent for the Frontier pilots.

If Frontier is not sold, Frontier will no longer exist so FAPA will no longer be necessary.

I fail to understand your repeated statements about concessions. No Frontier pilot took a cut in hourly pay with LOA 67. No work rules were changed. Our 6.2% DC fund wasn't touched. I did lose a small amount of sick accrual going forward, and I lost three days of vacation going forward for a couple years. I won't feel the vacation becuase we bid hard lines and we can slide our vacation forward or backwards three days to cover sequences. I lost the company match to my 401k, but that will contractually return in two months, before any other employee on the property receives their match (if they ever get it back).

So, I gave up a fraction of a day of sick accrual and my 401k match for a few months. In return, I stand to receive a piece of a $50 million claim for equity and a piece of a 50% share of any profits over a small, single digit margin.

The equity and profit sharing may never come, but I didn't give up anything in exchange for those benefits. I am not counting on either to pay, but if they do that will just be icing on the cake.

If you consider that a concession, then I can't convince you otherwise, nor do I really care.
Ask the native RAH pilots how the profit sharing works. WH tells them it is in a christmas bonus. If you read their contract it says the same thing. Glad you are hoping for the piece of the 50 mil pie. Funny thing is that there is no F9 or FAPA stock it is called RJET. The native RAH people have it in their contract for getting shares and whatnot, but 'still in the works' perhaps you can help management in one of your meetings to start this. If you can do this, you would be helping out the others. You guys seem to drink the kool-aid and are blinded by the smoke BB and WH are blowing to see that they DON'T CARE ABOUT YOU AS WELL! But yet you continue to have pillow talk with them. They are ready to jump with their golden parachutes and sell you off/out so fast it isn't funny. Continue to fly your almighty airbus, give the RAH'ers a break and treat them with dignity, and you might have them on your side when you get crapped on by BB and WH. Better than them standing on the sidelines, saying, told ya so.

Very interesting:

the deal that
the FAPA guys made with BB to create FAPAinvest violated some DOL
(Department of Labor) law.
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