Originally Posted by
McAyr
I think it is in our best interest to ratify the Side Letter.
It looks like a good offer and is probably far better than any counter-proposal we could anticipate if the Side Letter fails.
Accepting the Side Letter offers a better deal than we could have anticipated.
Further, ratification of the Side Letter does nothing to jeopardize what memebers of the SACG had prior to its existence.
Your goals and expectations are waaaay too low. The SACG is passing up a fantastic opportunity to make a phenominal improvement in your lot in life, the clock is ticking, will you sieze the opportunity, or will the SACG go like sheep to the slaughter . . . . We will all know in a few days. I think it speaks volumes when 80+ crewmembers get offered decent paying jobs flying the whale and how many take it? . . . .
Neff has made a deal with the devil himself, he just doesn't know it yet. I submit that the SACG will/could be in the shoes of the C360 crew group in just a matter of months. You guys have a grand vision of a large ACMI outfit doing business around the world (it is a nice thought) with fast CAPT upgrades for all my friends. Then Oak Hill Capital will buy another small ACMI (me thinks, Focus or Tradewinds) and do it all over, resetting the depreciation clock again (that's where the real money is in this deal), then you all get "conditions of employment" to work for "Focus Air Holdings", all in <24 months, get the picture
and I think that the chances of you getting the same severence deal that C360 got is . . . nil. I am prepared to make a tidy gentlemen's wager on my theory.
As for me, I'm with StripAlert, "I can't wait to be rid of this entire sordid affair" and get on with my life.