Originally Posted by
mikea72580
-What would be the collateral for the loan? How would we handle defaults(Pilots leaving Delta)
-Would it then be acceptable to pick up open time, prolonging the time recalls are made?
-Is this in addition to the 1% already approved for health insurance?
-Are all 1,941 interested in weathering the furlough through loans that need to be repaid?
I'm curious why these would necessarily have to be loans and need collateral. If a senior pilot is looking at loosing say eight hours in a concession this assessment would be much less than the hours lost. If the choice is $2000 less dollars (eight hours at 250 per hr.) or 4% (250 per hr. X 72 hr. guarantee= 18,000 X.04= 720$) I think most pilots would take the 720 loss and understand its actually a 1280 gain over concessions and the contract stays intact.