Originally Posted by
SnoJet440
The thing about the surrender bonus is that it's actually just distribution of the $34 million they already owe ALPA. Not that we would ever see it otherwise, but at least it could have been used to nullify the money we would owe for rejecting PBS. Now we're gonna take the payout and take PBS after the 40th RJ, so in effect it's a payment for submitting to PBS.
Not true at all. The "bonus" is supposed to buy off the IAI and the credit for the amendment round, NOT PBS. PBS gets kicked down the road until the delivery of the 40th 175. Then we continue negotiations on PBS.
The biggest "buy out" of the bonus is the credit owed to us in the amendment round.
That's why I said "in effect." The money owed that I was referring to is the amendment round credit. However, this group of pilots was almost undoubtedly going to reject the PBS system, and the penalty for that was a certain amount of money that ALPA would then owe the company. I'm saying, IN EFFECT, this money and the amendment round credit would have canceled out, and since I don't see any option in the TA for us to reject PBS after the 40th RJ, it looks to me like PBS is a sure eventuality once we sign, and therefore, in effect we're taking a payout but losing our ability to reject PBS. I could be wrong, that's just how I read it in the TA.