Originally Posted by
FAULTPUSH
FAPA may go down in history as the first pilot's union (first union ever?) to come back from a bankruptcy with more money for its pilots than it went in with, contingent upon how the IPO goes. I'm in the concessions for about $120,000 give or take over the last 6 years, and an IPO equivalent to Spirit's current market cap would net me $300,000+/-.
Is it true only pilots on the Senority list as of 2011 will see a payout? How does this whole thing actually work? By the time the IPO actually happens there is a good chance there will be more pilots on the list hired after 2011 then before. Would FAPA be more interested in keeping the below industry pay rates for a longer period of time knowing that the IPO payout could be worth more to them.