Originally Posted by
BobZ
OFG.......The criminal shame of it all is for $50M/year and a CBA called THE AIRLINE PILOTS ASSOCIATION....... filled with financial and legal experts......NO ONE SHOULD HAVE TO BE ASKING FOR THIS ON A CONTRACT SURVEY.
This is a national issue. The signatory party to alpa pilots working agreements is ALPA.......That is where the gatekeeper resides for this issue.
ANY airline that used bankptcy to relegate an alpa pilot groups pension to the insolvent pbgc should be held accountable in backstopping that benefit payment.
We are not talking about defunct, fragmented carriers..... we are talking about viable multi-billion profitable corporations that USED bankruptcy for arguably the EXPRESS PURPOSE of shedding pension obligations...
If alpa refuses to ratify a Ta without this provison....it can get dun.
Well Z, When they canned the DB DL made the case they couldn't restructure AND maintain the DB plan and PBGC bought it. Doing the "right thing" now and "what's legally required" now might be quite different. I don't know how successful anyone has been at post-termination efforts, but obviously DL can afford a fix.. I just doubt they will. I think we are truly in a weird position. Plan terminated and a few years later the company is minting money. Hmm. We should at least ask. OFG