Originally Posted by
gloopy
So how many jobs will be lost if we plummet down to 50% (defined as 49%, of course!) block hours in our biggest JV by far if current status quo is around 67% block hours?
gloopy-
The 67% number that georgetg posted includes the UK.
UK flying has been removed from the AF/KLM section because we have since done the Virgin JV deal.
Its a redefinition of "Bundle 1".
"Status quo" would be 53.1%. Meaning that is the number we would have to be flying to be in compliance with the existing AF/KLM language.
We are currently flying about 51.5%. The company is in violation. That's how we got the $30 million.
The new TA resets the requirement to 49% which brings them into compliance and gives them another 2.5% they can cut or allow AF/KLM to grow.
If the TA fails memrat we go right back to the old language and we can grieve it again in the future if the company is still out of compliance.