Originally Posted by
Carl Spackler
Almost certainly, the answer is YES and this monetary payment represents the permanent reset of Delta pilots to ~47% of the JV instead of the 52% which was the original JV balance.
The settlement news release from the MEC administration said that the settlement also includes details of the payout's formula and timeline of the payout. Nothing about the settlement including an agreement to return to the percentages we should have had. Therefore, permanent reset...for $30 million.
Carl
Almost certainly the answer is NO. The grievance settlement has NO EFFECT on the PWA. Contract language could not be involved or the MEC chairman would not have had the power to settle the grievance. The MEC chairman cannot unilaterally change the contract.
Also, as long as we're pointing out inaccuracies, the original JV balance wasn't 52%. It was 50% when it was just AF and DL. Then 52% with AF and KLM. Then 50% when Alitalia was added.