Originally Posted by
mulcher
Latest from Rumor control:
From a SWAPA SME….
We will miss the November 30th deadline publicly, but behind the scenes the deal will essentially be done by the 30th. It will take 2-3 weeks for swapa and/or the company to announce the deal but it will have been done by a couple of weeks by that point. The key points being, in his words: “a huge contract.”
It’s going to cost the company a lot of money and they basically caved to the last couple of asks swapa made. Swapa is going to let the company look like the hero when they announce the deal but they bent over at the last minute and started agreeing to everything.”
Sent to me by a Navy friend based in MDW. Like all rumors take it for what it’s worth…😉
And separately…
My buddy just typed this up:
Just had an impromptu small group Q&A w/ the MDW rep in the lounge, here are the highlights. Per the usual, take it with as much faith as any other sidebar convos.
Overall “the big stuff is in there, of course there are still a few things I don’t love”
Company is taking disability, instead of STD & LTD it’ll just be “disability” and kick in 2-3 months (couldn’t remember specifically) at a rate of 50% of earnings with no payout cap. Disability AND MEDICAL will continue to FAA retirement age even if changes. SWAPA will still offer an optional STD in case you don’t want to use sick bank for those first 2-3 months. Napkin math works out for the monthly pay to be a slightly better deal for CA, slightly worse for FOs compared to current LTD.
Disability will also pay NEC
Anyone out on disability now will be brought in to the new plan, not left on the old ****.
Co-domiciles are already AIP’d, they got some good protections in there & should be good for growth but still some reasons to be skeptical.
ELITT cutoff goes from 4 days prior to trip start down to 24 hours. Can ELITT across months as well, I.e. move a November trip into December once December ELITT opens. Reserve ELITT will also be in there.
Commuter policy remains as-is, no positive space or pay protection. Apparently that one was one of the brick walls they ran into.
Top pay rates $320-ish per TFP. Wouldn’t commit to a number, but we bracketed him in pretty close to that. Definitely something between 737 & 75/76 rates at competitors though.
LCO will be good, listen to the podcast for more specifics.
Most importantly: Very much expect something to be AIP’d, or at least “agreed to” this week. Up to 3 weeks for the BOD to review & prep before release.