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Old 09-22-2010 | 11:05 PM
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TheManager
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Originally Posted by slowplay
Sure.

What did the creditors receive on their claims from the HAL bankruptcy...100 cents on the dollar. Their bankruptcy was substantively different than those experienced at DAL, UAL, NWA and Aloha, among others.

HAL's bankruptcy was a sham compared to the rest of the industry, and their rates of return prove it. It does reinforce that individual company economics as well as the overall economy strongly influence pay.
Gonna throw the BS flag.

Did they go to the "sham" bankruptcy court and experience the "sham" 1113? Did they seat the "sham" bk judge or just his or her clerk? Did ALPA offer them the "sham" level of support in that process.



Nope. They were under the same legal process as DAL and NWA. Difference is they also had the stones to return their original TA back to the negotiators. They ended up with a deal that was much more palatable than either of ours.

DC=much improvement over ours. Their rates were as well.

What you are offering up here is DALPA revisionist history. How does that saying go? When the legend is repeated enough and becomes fact, print it! Crap, DALPA was spewing this in the lounges during their sell job of 51. Dusting it off again are we slow?



Hawaiian Airlines
Current

401K: yes
401k Matching: up to 19.4%
A/B Fund: 2.40%/none
Other:
Defined benefit plan frozen



Release #10.HAL
January 5, 2010

Hawaiian Pilots Open Voting on Tentative Contract Agreement

HONOLULU – Voting opened today on a proposed new contract for 436 Hawaiian Airlines pilots, as union leaders said they had accomplished all of their goals of fair pay, retirement security and quality of life for the pilot group.

Online voting for the tentative agreement, which was hammered out with the assistance of the National Mediation Board after a final, grueling two-week negotiation session last month, will continue until January 14, said Capt. Eric Sampson, chairman of the HAL Master Executive Council of the Air Line Pilots Association, Int’l (ALPA).

“When we sat down at the bargaining table in the spring of 2007, we were committed to winning fair but affordable cost-of-living raises, protecting our work rules and stabilizing our members’ retirement plans,” Sampson said. “Thanks to a lot of hard work and the unwavering support of our members, we are now on the verge of completing our three-year journey to an outstanding new contract.”

The five-year, eight-month agreement includes pay raises of up to 20.6 percent over the duration of the contract, plus profit sharing. Company retirement contributions would increase to 19.4 percent per year for pilots whose pensions were frozen and replaced with a defined contribution plan when Hawaiian exited bankruptcy in 2005.

The agreement also allows Hawaiian to acquire or code share with an interisland turboprop feeder carrier, but only if the airline agrees to significant restrictions designed to protect the jobs of HAL’s existing interisland aviators, who fly Boeing 717 jet aircraft.

“This is an industry-leading agreement that will make our members among the best-paid pilots among their peers and give them the major-airline status that is consistent with the world-class airline that they helped create,” Sampson said. “The ALPA leadership unanimously endorses the tentative agreement and we encourage every Hawaiian pilot to vote yes.”

More than 150 Hawaiian pilots have already attended road shows in Honolulu where ALPA negotiators briefed them on the details of the agreement. Additional road shows will be held soon in Honolulu and Seattle.

Founded in 1931, ALPA is the world’s largest pilot union, representing more than 53,000 pilots at 37 airlines in the United States and Canada. Visit the ALPA website at www.alpa.org.

# # #

ALPA Contacts: Capt. Sam Taeu, 808-836-2572, [email protected]
Rusty Ayers, 847-323-9519, [email protected]

Last edited by TheManager; 09-22-2010 at 11:37 PM.
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