Originally Posted by
80ktsClamp
I heard earlier today that there is a certain key phrase in the fragmentation policy at XJ that simply states that they shall be "offered employment" at the place(s) buying XJ in the event of fragmentation. Is this true? That may be a critical loophole....
This what you are hearing about
:
D. Transfer of Company Aircraft
1. If the Company or its parent sells, transfers, or disposes of over forty percent (40%) of the aircraft in the Company's fleet (in a single transaction or multi-step transaction within a rolling twelve (12) month period) as a going concern to an air carrier, directly or indirectly, the Company or its parent will, as a condition of the sale, require the purchaser to offer employment to those pilots assigned to that portion of the fleet at the time of the sale.
You have to continue in the Scope portion of the contract under "Merger Protections" which I posted on page 57 of this thread, to see the full picture.
Any moving of aircraft by PNCL management would result in a "merger" situation. In which case, XJ Merger Protection clause kicks in and has to be followed.
I believe the section I posted above was to protect XJ pilots from the sale of the airline to another airline that may have had pilots already, to insure the pilots at XJ kept their jobs.