Originally Posted by
sailingfun
With Compass sold the flow agreement if if it remains in force per the current agreement offers no economic penalty to the company in the event of a furlough. Any financial penalty would go to the new owners of Compass. Compass was simply another category when it came to a furlough cost item. Selling Compass shifts all the burden to the purchaser and removes it from Delta.
Originally Posted by
acl65pilot
Are you sure about that? Have you read the purchase agreement?
I'm with ACL on this. Unless Hulas is a complete idiot (some would argue that), I doubt he'd sign a deal where he'd face the potential of 300+ training events in the event of a DAL furlough and subsequent flow down.
Without having seen the CPA, I am going to assume that in the event of a flow down, DAL would have to absorb those training costs. So the economic penalty would remain, whether DAL owns CPZ or not. If there's not such provision, can someone give me Hulas's number? I've got some beach-front property in Arizona he might be interested in.