Originally Posted by
Alan Shore
A few that I recall...
From LOA 46 (pre-BK):
-- Targeted 11% DC plan
-- Pilot - Pilot Swap Board
-- Bidding for CQ (delayed implementation)
From LOA $51 (BK):
-- $2.1B cash upon exiting BK
-- Requirement to remove 6 seats from all 76-seat jets if Troy Kane furloughed
-- Increased PS
-- MPPP distributed to pilots for self-investment
-- Flowback JS
Not that any of these came close to making them "cost-neutral" by any means...
Thanks Alan.
I wasn't sincerely asking the question, and not trying to come across as argumentative.
The point I was moreorless trying to make is that I believe contract negotiations are about realistic leverage as opposed to equal amounts of give and take.
To ask another question. How was the $2.1 billion distributed? I'm assuming this was small payout to each pilot after the pension fund was liquidated. Is that accurate?