Are they taking the money !!
04-13-2020 | 05:18 PM
#3
SDQ Base Chief
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From: 320 CA
04-13-2020 | 06:02 PM
#4
Prime Minister/Moderator
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From: Engines Turn or People Swim
If things drag out and you decide later this year that yeah you really do need grants, good luck getting any sympathy from the house. They might decide to just let you be the token chapter 7 example.
This may be a case of cooperate to graduate.
04-13-2020 | 06:13 PM
#5
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I still bet they take it. Sounded like the grants were going to cover 70-80% of payroll. Even with the 30% loan aspect it will still cover close to half of payroll.
I doubt we furlough half(and it'd have to be more than that to make it cost effective) After furloughs no more incintive lines which is saving currently saving money. On top of that we are required a 30 day notice for furlough. Drawing our salaries out even longer at full cost.
Expect a notice for furlough in September for Oct 1st. Gives them time to get a handle on 2021 summer demand and do downgrade/displacement training if they are allowed to downgrade per the government grant restrictions.
I doubt we furlough half(and it'd have to be more than that to make it cost effective) After furloughs no more incintive lines which is saving currently saving money. On top of that we are required a 30 day notice for furlough. Drawing our salaries out even longer at full cost.
Expect a notice for furlough in September for Oct 1st. Gives them time to get a handle on 2021 summer demand and do downgrade/displacement training if they are allowed to downgrade per the government grant restrictions.
04-13-2020 | 06:19 PM
#6
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04-14-2020 | 01:40 AM
#7
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Anyone have any word if this is possible before 9/31? We all know they can’t change rates of pay, but no clarity on this yet. You’d think no as it would be a $100k pay cut for some individuals, but it certainly could be a grant loophole.
04-14-2020 | 08:22 AM
#8
Prime Minister/Moderator
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From: Engines Turn or People Swim
Dollars to donuts that's how it goes down, unless they can get some kind of relief interpretation. But the later could actually be risky, getting back to my what-if theme of needing more money from congress this fall after abusing loopholes to violate the spirit of the first relief package. Might not want to be "that guy"... especially if there's a regime change next January.
04-14-2020 | 03:06 PM
#10
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TREASURY: “Alaska Airlines, Allegiant Air, American Airlines, Delta Air Lines, Frontier Airlines, Hawaiian Airlines, JetBlue Airways, United Airlines, SkyWest Airlines, and Southwest Airlines have told us that they plan to participate in the Payroll Support Program."
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