The problem, Bucking Bar, is that according to my reps, the companys position is that the transatlantic protections in 1P and the Virgin protections in 1R were both superseded due to the JVs being combined in a new agreement called Blue Skies. So apparently everything you just said is OBE.
With the recent track record in arbitration, if we were forced to grieve the company’s disregard of old JV deals that no longer exist, in 3 years time an arbitrator would find a way to screw us again.
It seems you may be working with rather stale facts. I’ll withhold judgement until I actually see details. But so far, as advertised, there seems to be quite a few new protections, which currently have none. The devil will be in the details.