Originally Posted by
Professor
Check your email inbox.
The FAQ just published covers this. Right now our JV language protects us only to 390K block and now we will have a 650K protection.
Right now we can grieve when they drop below 50% or the variations with the cure. The fact that we are not holding them to our contract has already cost us jobs. Putting a block hour floor that is we'll be low our already out of compliance block hours just adds insult to injury. Setting a floor that low while our company is growing only invites the company to enter into more lopsided JVs that give out flying away to others.
This is a loosening of scope that has taken jobs away already and will result in even more opportunity to lose WB jobs. The FAQ is misleading, and the people in this thread claiming that it is more protection than we currently have are misleading.
Sure, we have no guarantee that in Armageddon right now, the company would not decrease flying. But a block hour minimum will not stop that either. Right now, as long as there is a JV, our half of the flying is protected( when the union doesn't sell out on us for pennies on the dollar). If a market is weak, the JV partners either agree to reduce flying as a group, our company pulls out of the JV, or the company violates our contract. What we are agreeing to here is for the company to adhere to a minimum block hour level (that is less than our 2011 block hours) in return for us being ok with our JV partners flying as many of our passengers as they can fit in all their shiny new jets.
Don't be fooled. This is really bad for us. It is not true 'protection' any more than furlough protection protects you from a bankruptcy or insolvency.