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Old 05-21-2020 | 09:24 AM
  #24  
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LeeFXDWG
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Joined: Feb 2006
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From: B737 CAPT IAH
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Originally Posted by Itsajob
I agree. Everything in the contract comes at a price to both us and the company, the difference being where each places the value. The company was willing to cough up higher compensation in exchange for less restrictive scope language. We valued scope protections more than their money, therefore we have our current contract and not something else. We live and die by the contract, especially when things are bad. I’d like to be able to at least reduce the furlough if we can come to an agreement that leaves the UPA intact, but I’d rather furlough, and even get furloughed, than to change one word in the contract. I don’t want to spend the next 10 years trying to get it back.
I agree. And getting it back always gets valued more by the company when we try to get it back than they value it at when it was given up. Par for the course.

The issue with any give/concessions going forward is the potential for BK. NO MATTER HOW AIRTIGHT WE THINK THE LANGUAGE IS it will more than likely be negated in the First Day Orders process.

Why, if the company goes CH22 they first meet a test of either jeopardy to solvency or that of being a viable ongoing concern to use legal jargon.

Please don’t show your belly to whoever the BK Judge might be.....

Lee
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