I have some very serious problems with this TA. But I just want to make sure I understand Section 1…

If the company decided to start a bunch of wet leasing instead of hiring pilots, let’s say by wet leasing 100,000 block hours.

This means the company would have to payout $197,500,000 to the pilots. This comes out to $1,975/block hour paid to the pilots. That’s quite a penalty, and I don’t see how that would be financially advantageous for FedEx to furlough and then wet lease. Am I missing something here?