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-   -   Union members to vote on American deal (https://www.airlinepilotforums.com/american/71193-union-members-vote-american-deal.html)

Gallifrey 11-25-2012 02:02 PM

It's crazy how CEOs bounce from the top of one to the top of another

ForeverFO 11-25-2012 04:39 PM

It's the business-world's "Good ol' Boyz" club. Once you have the secret handshake, the cigars, and the key to the executive bathroom, you've entered their world.

You may proceed on your merry way, doing relatively little in terms of actually being a productive worker, but pocketing millions at various companies, while generally screwing with the workers.

texaspilot76 11-25-2012 04:57 PM

What is first year pay in the new TA?

7576FO 11-25-2012 05:15 PM

Thanks What! So <900nm quite a bit less.

I was thinking more on the lines of E 175 1800nm and E 175 LR 2100 nm.

Big Slick 11-26-2012 06:57 AM

I am a Yes.

80drvr 11-26-2012 07:27 AM


Originally Posted by ForeverFO (Post 1298622)
Any word on the 13.5% fairy dust equity stake?

The APA mailer explaining how this TA is 0.002% different from the LBFO didn't mention anything.

I feel bereft of any meaningful information.

Read the settlement letter if you want to see it in black and white.

aafurloughee 11-26-2012 11:24 AM

It says it will pay APA 5 million for legal fees, and shall give APA 13.5% equity stake. How this 13.5% will be doled out to the membership has not been discussed by the Union(at least I have not heard of anything ).

80drvr 11-26-2012 12:30 PM


Originally Posted by aafurloughee (Post 1299284)
It says it will pay APA 5 million for legal fees, and shall give APA 13.5% equity stake. How this 13.5% will be doled out to the membership has not been discussed by the Union(at least I have not heard of anything ).

Equity stake distribution to members is still TBD by APA BOD. It's complicated - Lots of tax and legal implications to consider.

KillingMeSmalls 11-26-2012 01:58 PM

I read it a bit more and I think it's going to pass. I know you're on your quest to get industry standard, but you guys have to swallow that pill and realize you're not the top dog anymore. Industry standard would be great for a while, but it would send you right back into bankruptcy (or the threat of bankruptcy).

American is a great airline, but it can't compete with Delta or United. If the merger doesn't happen (which I personally think it won't) you'll be competing with Us Airways, Alaska, Hawaiian, ect for the teet of the DOT. I have no doubt you'll get awarded some new routes, but it'll be a while (20 years) before you could organically grow to the size of Delta or United.

As I said before, it's a hard pill to swallow. You guys deserve industry standard; you just don't deserve what will happen if you get it.

7576FO 11-26-2012 02:42 PM

So you're saying pilot pay will BK AA again? I don't think so.


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