Originally Posted by SEDPA

UCH managed each subsidiary since MAD per the TPA and each legacy contract, until the UPA became effective. Once the UPA was in effect, then UCH managed each side via the effective parts of the UPA, the applicable parts of each legacy contract, and the applicable parts of the TPA. Some believe that since it was the same company managing each subsidiary at MAD, nothing post MAD is relevant to the SLI. I think it is very relevant because it represents an equity that advantages CAL and disadvantages UAL. The TPA only protected 90% of your pre-merger block hours ... the CAL contract protected 100 % of CAL pre-merger block hours, and ensured that CAL aircraft orders and jobs went to the CAL side. If you argue a MAD "snapshot", and then only account for the UAL wide body "advantage" in a career expectation valuation, then viola, those 635 jobs created since MAD don't get a value.