Originally Posted by
sailingfun
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.
The 2x is what I was getting from the forum banter. I know the reps and negotiators haven't put out anything official. You are correct about the "what if," that could have been the case had there been a continuity of leadership. The failure was so complete that the MEC chairman resigned and the members replaced several reps. Had C44 not conducted the recall meeting the way they did in an effort to stay in power we would be 3-4 months ahead of where we are. That's water under the bridge. I understand your frustration given your expectation.
Your argument justifies more now due to the delay. All of this is highly dependent on management accepting the reality that we are no longer in bankruptcy and in fact have exceeded all other industry standards for profitability over the last 3 years. When they realize there is a return due, is when we will get a deal.