Originally Posted by
gloopy
By the way, does anyone have any projections RWT the VAt JV? If we can't reach an agreement, we get 75% of the flying proportional to the % of revenue shared, or something like that. So according to the DALPA update, 75% of 50% (assuming its a "metal neutral" profit/loss sharing JV) we are guaranteed 37.5% of the flying.
But 37.5% of what flying? Total trans Atlantic? If so, where are we right now WRT that if we roll in the VAt flying?
Or is it 37.5% of the US-UK flying? If so, where are we now?
So what is our floor regarding the 37.5%? More, the same or less DAL pilot flying than today, all other things equal?
It will be 37.5% of the flying involved in that particular JV.(given a 50/50 revenue split)
If VAtl is rolled into the AF/KL/AZ JV that is governed separately and would have to be re-negotiated, but DAL pilots have a 50% share (current trend notwithstanding!
)
Other part of our scope says that once we acquire 25% or more of a foreign carrier than the block hours that DAL pilots fly between the US and the home country of the foreign carrier cannot be reduced.(US-UK total block hours)