Originally Posted by Splanky

Horizon's business model has been already been changed. We are now solely operated under a capacity purchases agreement.

As to the rates not being public, there are no rates. We have pay freeze for the first year. Years 2 and 3 will be determined by the first round of arbitration. Years 4 and 5 will be a second round.

As to the contract being concessionary, that waits to be seen (depending on arbitration outcome). I am not hopeful. However, if the new rates are voted in over at Colgan that will help. Unfortunately, we did concede in a few areas. But it was a tit-for-tat with us getting concessions out of the bean counters too.