Originally Posted by
seattlepilot
Heard a rumor that the management is asking to frontier pilots to give up the interest in the compant thst was established through loa 67. Are they saykng if you dont sign the dotted liennyou wont see the purchase go through?
Originally Posted by
Great Santini
No. The pilots aren't being asked anything of the sort. The equity stake the Frontier pilots own is not a negotiable item by any pilot union. It is an equity position managed by an independent investment company, so you would have to ask that independent investment company about that rumor, not the Frontier pilots. However, if the pilots had a say, I'm sure they would tell you that they have already given enough and the answer would be no thank you. At least that is what I would say in that hypothetical situation.
I don't know of any request at the present time. I do know that the company has said that the sale was contingent on several "3rd party" agreements that must be complete. As far as I know the company has not made public what these "3rd party" agreements are. I fully expect a request for pilot concessions of some sort soon based on all the information we have at this time. Giving up the equity stake in the company would make sense because it is the one thing the that would not require the IBT's approval or a vote. I disagree with Great Santani that we, the pilots would just say no to any concessionary request. The fact is we have a record of agreeing to concessions 100% of the time, we have never said NO! Just my 2 cents worth. It will continue to be an interesting ride. Good luck to all of us and good luck to all the applicants looking to make the next step in this career.