Originally Posted by
sailingfun
The CDO's were something put forth by the union. The company especially with the restrictions we set up was not all that enamored with them. I was told that the 5:15 was costed out at 40 million. The CDO's at about 2 million.
I think that's correct. The company didn't much care one way or the other about CDOs. That was something that a handful of pilots were pushing for.
The big reason the company gave us the 5:15 was to solve the FAR 117 reserve long call issues.
They knew the infamous "Dickson memo" was a bluff and more and more guys were eventually going to call that bluff.