Originally Posted by georgetg

Sailing, you keep saying that we are and will be in compliance but it's simply incorrect, repeating bad info doesn't make it so....

MEC update today shows the pertinent slides, showing us below 47% (not in compliance) and projecting us at 47% (also not in compliance) at the end of the cure period. Of course the MEC update also incorrectly states that the 2009 LOA 16 raised our share of flying from 47% to 50%, when if fact LOA 16 pegged our share of the JV flying at 51.7% (LOA 16 1.P.4). That would have required a minimum 49.95% on a 3-year look-back on March 30, 2011 and March 30, 2012 and a minimum of 50.2% on a 3-year look-back on March 30, 2013 and subsequent years.

In 2010, MOU 14 signed by SD and TO pushed the first measurement out to March 30, 2014 in exchange for increasing our prorated share from 47.6% to 50%. That 2.4% gain (47.6% to 50%) was expected to net Delta pilots an additional 6-7 daily transatlantic flights.

Now we are in a position where the company won't even meet a written agreement that provided plenty of flexibility for unknowns, nearly 5 years after it was signed.

Sailing, you are somewhat of an authority here and I enjoy reading your posts and the treasure trove of information you provide. It's just that when it comes to the terms and the status of our Transatlantic JV your info isn't accurate.

Cheers
George