Originally Posted by
sailingfun
We asked the company for a 5:15 daily minimum. The company spent several weeks costing that out. They had to run mock bids for every month of the year after changing every rotation to try and see what the true costs would be. The cost was high. Some pilots who had flown CDO's wanted them back. If you can offer something the pilots want and the company finds attractive it can be used as a offset. It was a very small offset to the total costs.
I assume you mean 5:15 daily average.
Makes sense. Thanks for that. My question remains, however -- Did we expend negotiating capital to put CDOs into the original deal?
From what you're saying, we did not. Am I understanding you correctly?