AA Early Retirement Offer
05-26-2020 | 10:45 AM
#21
Thread Starter
Gets Weekends Off
Joined: Jul 2008
Posts: 306
Likes: 0
From: 737 Right
No one has yet answered my simple question....in the event AA declares bankruptcy do the obligations for paying these early retirees become like most other obligations, ie. unsecured creditors and they go to the back of the line to get paid, if ever.
With AA debt load that would be a huge factor for me. It is also why I asked the question about the option to take it as a lump sum. Take the lump sum $ and run and don't look back if I was 62+
With AA debt load that would be a huge factor for me. It is also why I asked the question about the option to take it as a lump sum. Take the lump sum $ and run and don't look back if I was 62+
05-26-2020 | 11:00 AM
#22
Gets Weekends Off
Joined: Jan 2019
Posts: 531
Likes: 0
they are pilots without eligibility to fly or return to flying, and with no obligation to the company to show up to work. not retirees. They are on a voluntary permanent leave of absense. So they will be paid in the same manner that all the other pilots are paid. They will also not be furloughed. No, there is no lump sum.
05-26-2020 | 11:50 AM
#23
Line Holder
Joined: Oct 2013
Posts: 1,208
Likes: 85
No one has yet answered my simple question....in the event AA declares bankruptcy do the obligations for paying these early retirees become like most other obligations, ie. unsecured creditors and they go to the back of the line to get paid, if ever.
With AA debt load that would be a huge factor for me. It is also why I asked the question about the option to take it as a lump sum. Take the lump sum $ and run and don't look back if I was 62+
With AA debt load that would be a huge factor for me. It is also why I asked the question about the option to take it as a lump sum. Take the lump sum $ and run and don't look back if I was 62+
no one really knows and there hasn’t been an official answer from the company or the union. I’ll say again because I guess you missed it. The pilots are still on the seniority list. If the contract is thrown out in bankruptcy this agreement goes with it. Since they are on the list hopefully they’d be able to return.
You aren’t going to get a definitive answer because there isn’t one at this point.
05-26-2020 | 11:55 AM
#24
Line Holder
Joined: Oct 2013
Posts: 1,208
Likes: 85
They can’t return status quo. This question was about BK where the contract would more than likely be changed.
05-26-2020 | 12:26 PM
#25
Banned
Joined: Jun 2015
Posts: 482
Likes: 0
No one has yet answered my simple question....in the event AA declares bankruptcy do the obligations for paying these early retirees become like most other obligations, ie. unsecured creditors and they go to the back of the line to get paid, if ever.
With AA debt load that would be a huge factor for me. It is also why I asked the question about the option to take it as a lump sum. Take the lump sum $ and run and don't look back if I was 62+
With AA debt load that would be a huge factor for me. It is also why I asked the question about the option to take it as a lump sum. Take the lump sum $ and run and don't look back if I was 62+
05-26-2020 | 12:27 PM
#26
Gets Weekends Off
Joined: Dec 2019
Posts: 216
Likes: 0
Who knows why. Combination of horrible money management, too many ex wives, hating their current wife and not wanting to be home, etc...
05-26-2020 | 12:56 PM
#27
Gets Weekends Off
Joined: Nov 2013
Posts: 1,775
Likes: 0
You forgot the other one (usually down south). Man, I miss my former crew base MIA.
05-26-2020 | 03:32 PM
#29
Gets Weekends Off
Joined: Dec 2010
Posts: 404
Likes: 0
This could really give the VPLOA numbers a real boost on this round. And they should be out and posted before the Displacement.
05-26-2020 | 04:50 PM
#30
Gets Weekends Off
Joined: Dec 2017
Posts: 2,014
Likes: 1
From: Retired NJA & AA
I went out on medical at 60 and I am fine with staying out, I have LOM coverage thru age 68.
Thread
Thread Starter
Forum
Replies
Last Post
