Originally Posted by
Lerxst
2 different Grievances were filed. One for the block hour ratio violation (above), and the other was for the selling of 2 767-200's. The latter was the one involved in the disputed settlement.
The parking of the 67's resulted in a block hour ratio violation but was ruled in favor for the company due to force majeure. Now the planes, already parked as a result of force majeure, are sold. That however, was a violation and resulted in a $40 million dollar settlement outside of arbitration. So instead of selling, the company could have retained the planes, park them in the desert, and forgone the $40 million dollar settlement? Either way, the planes were never to operate in service again?
Does that pretty much sum it up?