Airline Pilot Central Forums
Page 2 of 8
1
2
3
4
5
6
Last »
Show 40 post(s) from this thread on one page

Airline Pilot Central Forums (https://www.airlinepilotforums.com/)
-   Delta (https://www.airlinepilotforums.com/delta/)
-   -   Early Retirement? (https://www.airlinepilotforums.com/delta/128121-early-retirement.html)

dc10guy 03-14-2020 06:08 PM
Originally Posted by vyperdriver (Post 2998297)
I'd recommend Delta reinstate retirement for guys say 3000 ish and above on seniority list or whatever a good number would be at the 60%FAE. That would preserve the young guys (if it got that bad), fix the deadzoners argument, ensure a lower training thrash, no furloughs, etc.
I am good with that. I am about 56% on the list.

BlueSkies 03-14-2020 07:18 PM
Originally Posted by gloopy (Post 2998446)
Too many left small senior categories too soon to be replaced witout grounding planes or even one entire fleet, so supposedly it would have destroyed the airline by grounding panes due to no pilots until their replacements could be trained.
Wow. I still can't believe I'd never heard about that. Crazy.

DARR31 03-14-2020 09:30 PM
Originally Posted by vyperdriver (Post 2998297)
I'd recommend Delta reinstate retirement for guys say 3000 ish and above on seniority list or whatever a good number would be at the 60%FAE. That would preserve the young guys (if it got that bad), fix the deadzoners argument, ensure a lower training thrash, no furloughs, etc.
Why seniority and not based on age? Oh never mind!

full of luv 03-14-2020 11:53 PM
Originally Posted by BlueSkies (Post 2998535)
Wow. I still can't believe I'd never heard about that. Crazy.
It was a time when things looked bleak and pilots over 50 vested in the retirement plan could take a lump sum of 1/2 the present value of their lifetime annuity so they did before that door closed. It resulted in many pilots of certain fleets leaving simultaneously which made the company/union work out a temp plan to let them fly (in retired status) until replacements could be trained.

FL370esq 03-15-2020 02:37 AM
Originally Posted by BlueSkies (Post 2998535)
Wow. I still can't believe I'd never heard about that. Crazy.
PRPs...not a pretty word is it H.I.?

waldo135 03-15-2020 04:11 AM
Originally Posted by FL370esq (Post 2998690)
PRPs...not a pretty word is it H.I.?
Raising Arizona?

UGBSM 03-15-2020 04:27 AM
Originally Posted by FL370esq (Post 2998690)
PRPs...not a pretty word is it H.I.?
Yeah, I remember the "perps". It was an effort (that the union stupidly agreed to) to stave off bankruptcy by letting the retired guys come back and fly. It didn't work.

And this was after the PRP's had bailed out with their lump sums causing a run on the bank contributing to our pension becoming under funded and failing.

It was really annoying to watch them "come back to save us all". What a joke it turned out to be.

There was a real atmosphere of fear and uncertainty surrounding the bankruptcy that caused some crazy ideas to surface. Remember Leo the Ceo and Michelle Burns bailing out with their SERPs and golden parachutes? I hope we are wiser today and can avoid some of that. Ed the head taking no salary is a good sign that maybe we won't repeat some mistakes from the past. JMO.

sailingfun 03-15-2020 04:42 AM
Originally Posted by BlueSkies (Post 2998535)
Wow. I still can't believe I'd never heard about that. Crazy.
The point of the PRP program where pilots could come back and fly was to quickly allow the company to early retire around 600 pilots. The average PRP pilot worked for 6 weeks past their scheduled retirement. A handful of check airman were able to stay for a year because of the FAA’s refusal to qualify more than 2 new LCA’s a month on the 767.

UGBSM 03-15-2020 04:44 AM
Originally Posted by sailingfun (Post 2998732)
The point of the PRP program where pilots could come back and fly was to quickly allow the company to early retire around 600 pilots. The average PRP pilot worked for 6 weeks past their scheduled retirement. A handful of check airman were able to stay for a year because of the FAA’s refusal to qualify more than 2 new LCA’s a month on the 767.
It was a limited time program that the company wanted to extend. The union then said no. In hindsight, I still think it was unnecessary and guided by fear.

sailingfun 03-15-2020 04:46 AM
Originally Posted by BlueSkies (Post 2998535)
Wow. I still can't believe I'd never heard about that. Crazy.
The point of the PRP program where pilots could come back and fly was to quickly allow the company to early retire around 600 pilots. The average PRP pilot worked for 6 weeks past their scheduled retirement. A handful of check airman were able to stay for a year because of the FAA’s refusal to qualify more than 2 new LCA’s a month on the 767.


All times are GMT -8. The time now is 10:48 AM.
Page 2 of 8
1
2
3
4
5
6
Last »
Show 40 post(s) from this thread on one page


Website Copyright © 2026 MH Sub I, LLC dba Internet Brands