Can the company hire directly into the 757 FO seat without first having a vacancy bid in which all the slots go unfilled?
No, that's why the scenario I proposed included a vacancy bid. For simplicity sake, let's just say the list looks like it will after all of the excess training in completed in 2010. If the company were to excess the entire 727 without announcing a furlough or vacancy bid, the pilots in all three seats who couldn't hold anything else would be awarded the highest paying seat in the US(can't be excessed to an FDA). For the SO's and many of the FO's, the highest paying seat would be 757FO. That would be awarded along with training dates(probably false). The company then would post an additional 757 FO vacancy bid that would obviously go unfilled creating a need for newhires. After the excess bid closes, all positions on the 727 cease to exist as far as vacancy bidding is concerned. The training dates for the 727's guys get pushed back so that the company can keep enough people around to closeout the plane, the newhires cover the additional 757 flying and provide training float as the 727 guys train over.