Originally Posted by
SmitteyB
You guys have got to relax. RAH isn't going anywhere.
I agree this is a huge push by BB and the RAA to get relief from 1500 hour rule. This creates massive publicity and allows BB to go to the aviation subcommittee and and say- we are about to put 7000 employees out of jobs.
Let's relax, breathe, and understand that RAH has long term CPAs which can be used as collateral to borrow against. As well as the equity in already owned EJETS.
The CPA's cant be worth much because the penalty's could cripple them. I think its insider trading some managed funds must have decided to pull out now because they know something or know the play book is on the last page.
The uneasy part is, in a way, the teamsters can control this. They could easily let the company stuff a bunch of cash on FO retention or in their pay scale. The question is how? How to let the company recruit and still force negotiations? If I were a captain there I would have to think long and hard about risking my $85-$117 dollar an hour job just to force a balanced contract. The question is if your a captain making 100k a year are your getting screwed; because you now may have the chance to take the fight all the way to the unemployment office. On the other hand if the train already left the station might as well get max pay to the last day.
Guess it depends on how mgmt responds to this to know if its a bluff or not. I am thinking if its real there might be more than the usual mgmt vacancy's opening up.