Originally Posted by
sailingfun
Can you contrast the TA with our current protections relative to Virgin? It sounds like you have studied it. I would love to hear some numbers showing how much we gave away.
It's not the numbers sailingfun, the numbers seem fine. It's paragraph 1.R.3 which is the problem. Here it is again:
3. If the Company is not in compliance with the minimum international operation requirement (under Section 1 R. 1.) or the minimum ASK requirement (under Section 1 R. 2.) in any measurement period, the Company will cure any such breach by complying with the minimum international operation or ASK requirement, as applicable, in the subsequent measurement period.
Can't you see the danger here? Can't you see this will allow an every other year non-compliance and still be perfectly legal? Can't you see it allows for no penalties whatsoever for non-compliance other than a grievance? Can you speak to that specifically sailingfun?
Carl