Originally Posted by
NVUS
The CRJs that have contracts due to expire over the next 16 months will not have any of their current contracts extended. However, that doesn't mean they won't find new contracts for them. But the ERJs are completely toast.
There is a natural retirement of aircraft in the CPA for the ERJ, when that time comes, those specific tails will be parked. This was all known when the CPA was signed years ago. However, the BOD said, that unless the 97 AC that are due to come offline by YE 2015 can get extended under more favorable terms, than they will be parked as defined per the CPA.
Attrition is about 30 to 40 per month on the ERJ side, that will increase into YE 2014 and into 2015. Inc will try to mitigate furloughs by parking planes with attrition. Inc. is focused on improving performance numbers in order to stop "bleeding money". 97 planes = 970 pilots, attrition = 720 pilots. Those extra pilots can be used to run proper staffing numbers in order to meet all the performance metrics that pay bonuses to Inc through the CPA.
Voting yes on the JCBA would have not changed a thing.