Originally Posted by
cactiboss
You guys are missing the point of this contract, it's a temporary necessity to keep your claim alive and it gives 13.5% of the company. This deal is not designed to do anything else than to get amr ready for the merger.
These are assumptions.
First of all, the ratification of this TA arguably makes it MORE likely that AMR will remain in control and exit chapter 11 with their POR intact by giving them labor stability and thus calming the UCC. On the other hand, the best interests of the pilots is for a merger while still IN chapter 11 with Parker's POR. It's also the best bet to get a better deal down the road for all.
The 13.5% settlement claim can (and will) be watered down by multiple methods until it is paid, which will be after exiting bankruptcy. One of those methods will be current AMR management "skimming" it for bonuses or additional stock. The assumption is that rejecting the final offer will automatically remove the pilots from the UCC and this is not certain. Likewise, it's also not certain that exiting chapter 11 without a consensual deal will nullify the 13.5% settlement claim. The likely fact is, that any merger with U will be spearheaded by the non-union members of the UCC and/or the debtor and 3rd party with the unions having as little influence then as they have had so far.
So far, labor's participation on the UCC has not meant squat in moving the other necessary UCC members toward the merge. Thus, placing these two issues as of more importance then sinking the bottom half of the AA seniority list for eternity is misguided IMO.
Still voting NO.