Originally Posted by
acl65pilot
Hindsight is 20/20. If was our first major JV and it was the best that could be negotiated at that time. That said, the MEC is watching this closely.
A shorter measurement period would be great and they have done that with the Virgin Australia deal. Yes? Many say renegotiate the NAJV today, but those same people would scream if the quid was not 100 cents on the dollar. As of today no violation has occurred.
One thing that many pilots fail to see with the AF JV is that with the addition of AZ and us getting a 50-50 split that we negotiated, we also got downside protection that was absent prior to this latest deal. That is your enforcement mechanism and if it goes out of compliance that language is going to be key. Don't forget that. I believe the most recent article that was sent to you in box details it quite well.
ACL, as you know the downside protection in the TAJV was introduced in LOA 16.
Unfortunately MOU14 moved the ability to enforce any of that downside protection from March 31, 2011 to March 31, 2015.
Still the TAJV language is the best JV language we have and represents to my knowledge some of the strongest JV language in any contract.
That's why I've been so frustrated when previously there was a lack of urgency when it came to recognizing the long term trend in JV flying and that's why I welcome the recent shift by the MEC to publicly acknowledge that there's a problem brewing and we don't like it one bit.
Cheers
George