Originally Posted by
HacksawDuggan
Would the company make you pay back the 35k if they furloughed you? I am guessing they would because they are fronting you the money. Are they committing to not furlough you for 3 years? Are they committing to keep your base open for 3 years? Are they committing to not terminate for using sick leave for the first three years?
This is a scheme and no one in their right mind would sign it. I flew with many pilots in 2019 and 2020 that had plans to stay here forever, even relocate their family to one of our growing bases. They are gone. 3 years is a long time.
We’ve been looking over it all morning. It *does* explicitly state that if I leave before the term, or am terminated for cause, full repayment is due (in 5 days, or else default and they’ll come after you plus all legal fees). Doesn’t say anything about leave or furlough. Just quitting or fired for for cause. So at least there’s that.
Originally Posted by
fcoolaiddrinker
Good points. There’s a way to fix our attrition problem and this isn’t it. Hint. Strong arm tactics won’t work in the current environment.
Right. I thing my uneasiness mostly stems from the car sales pressure. Plus, stiffing over anyone who has been here for 2 weeks or more.
Originally Posted by
HacksawDuggan
Previously I mentioned you could put it in savings, but then I thought about how difficult it is to get anything done administratively at this place and how much of a hassle it would be to return the funds if a pilot does choose to leave. There would be tax implications as well.
My reading of the ACH authorization says that I would authorize them to pay into ABC bank at XXX account/routing number. It also seems to say at the bottom they are authorized to yoink it back out of said bank account. Quote:
”I/We hereby authorize Frontier Airlines, Inc. to initiate ACH credit entries to the bank account indicated above for payment of scheduled or periodic accounts payable amounts due to said company.”
So in terms of hassle, probably no hassle for them. All hassle for you.