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Old 07-27-2015 | 04:52 PM
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Klondike Bear
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Joined: Nov 2010
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From: Stretch DC-9 Gear Slinger
Default JV settlement email

Here is a paragraph from the JV settlement email:


Since April 2012-April 2014 occur in both measurement periods, damages would be calculated only once for each year resulting in four distinct years of damages. As part of the settlement agreement, the $30 million paid by the Company cures the damages for those four years and therefore the Company would be considered to have been in minimum compliance for any future measurements that include those years. Using the 2013-16 measurement period, for example, would mean that the years April 2013-2014 and April 2014-2015 would have been treated as if they were in minimum compliance at 48.5% of the EASKs and any shortfall in the April 2015-2016 period would be subject to damages in any future grievance.
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