Originally Posted by
notEnuf
If you can show where I posted that, I'll acknowledge it. I don't think you will.
The claim is that we have doubled the value of the failed TA. I have no idea if this is correct. My judgement of a TA will not be on the multiple of a failure but on RESORATION. I suspect that we have increased our leverage or the company wouldn't offer twice the previous value. That however is with several sections to go and an undefined profit sharing grab. The only reason the TA was not better was because the previous MEC was not willing to fight for more. They took the easy way out and defended it with a TVM argument. There is no set timeline and your desire for one doesn't change that fact.
Well again what you post now is different then the forum sentiment a year ago. I have no idea where you come up with double the value of the failed TA. We have AIP's on less then 1% of the value in the contract. Managements table position on pay rates are 1% higher over the TA. The signing bonus was over 100 million and easily covers that 1%. At this point we are pennies ahead of TA15.
I voted no on the TA however I did so expecting us to reengage the company ASAP, clean up the objectionable items and have a new TA in under 60 days. We could have easily accomplished that and produced a TA that will be within 2% of what we will eventually settle on be it next month or 3 years from now. We would have been starting preparations for the next contract this spring and exchanging openers in 18 months. In the end that approach would have produced more value for the pilots.