Thread: Mesaba Future
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Old 09-18-2008 | 04:39 PM
  #136  
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Actually, we haven't received any snapbacks yet. We've only had 1 full year pass since the concessionary LOA was signed. The fleet has been growing steadily over the last 1.5 years and if I"m not mistaken THIS Dec 1st, we will see part of the snapbacks. The snapbacks are linked to our fleet size and as it gets larger beyond 49 saabs, each airplane triggers a percentage of snapback. I'm pretty sure we're scheduled to get back to the original wages by 2010. I might have some of that timeline wrong, but we're definitely not fully snapbacked as of today.

Snapback = getting back to our original contract pay rates. We took temporary concessions and as the fleet grows, we get the money back over time.
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