Are you sure........have you read the details of that "settlement" agreement ?

Is it possible that some are counting their chickens before they hatch ?

First of all, this agreement was devised prior to AMR (and Eagle's) Chapter 11 declaration. A bankruptcy that is still very much in progress.

Is there any language there that makes it bulletproof in a bankruptcy situation ?

Another additional concern is the statement, "Each pilot on the Eagle pilots system seniority list as of October 11, 2011 shall be eligible (a loose term) to be offered an opportunity (another loose term) for a pilots position at AA as such positions become available PERSUANT TO THE TERMS OF AMERICANS SEPERATE AGREEMENT WITH EAGLE AND ALPA".

- What are the terms of THAT agreement ?

- Since the langauge of that agreement is the definitive mechanism that this one relies on, the meaning of this settlement language depends on what that one stipulates.

Additionally, the validity of this settlement requires BOTH of these agreements to have been "executed", thus triggering ALPA's withdrawal of their grievance.

Have all three of those actions been accomplished ?

You see, I have read this agreement before and that was my original point of it being a "promise". My other point of having another post it here was to see if anyone has truly read it and understands its questionability given the present Chapter 11 situation. It seems to be shaky at best, filled with possible hidden land mines (depending on what the other agreement says), dependent upon actions which may or may not have occurred and as a last resort, its unkown ability to survive a bankruptcy by both of the offering parties.

Personally, I think it premature to consider this worth more than the paper it's printed on.