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Old 03-18-2020 | 11:45 AM
  #61  
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Originally Posted by tunes
FWIW, a CLCP sent an email saying they are looking at an early retirement thing for those 62+

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That would decimate our WB fleets. We would lose over half of our 777/350/330 Captains and a good share of the FOs. There is no way we could fly all of the...... Whoa, wait that fits perfectly.
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Old 03-18-2020 | 11:47 AM
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https://youtu.be/6g2JN2PrHJg
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Old 03-18-2020 | 12:20 PM
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Originally Posted by Hank Kingsley

Thanks, mailed to standards or all of us.
sent to me by a LCP

Originally Posted by Gunfighter
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That would decimate our WB fleets. We would lose over half of our 777/350/330 Captains and a good share of the FOs. There is no way we could fly all of the...... Whoa, wait that fits perfectly.
which is mostly what we are parking for this...
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Old 03-18-2020 | 01:34 PM
  #64  
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I, of course, won't be 62 until Oct......

But thinking about the AA/APA deal.......at first it sounds very intriguing but is it worth it? When you think about it......what happens if/when a bankruptcy is declared??? Fool me once shame on you, fool me twice shame on me.

Denny
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Old 03-18-2020 | 01:47 PM
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Originally Posted by Denny Crane
I, of course, won't be 62 until Oct......

But thinking about the AA/APA deal.......at first it sounds very intriguing but is it worth it? When you think about it......what happens if/when a bankruptcy is declared??? Fool me once shame on you, fool me twice shame on me.

Denny
Exactly, at face value it seems risky. But I guess the devil is in the details. Buyer beware!
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Old 03-18-2020 | 02:22 PM
  #66  
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I would never expect the senior guys to take an early out. I'd be very wary of such a deal. Cash in the barrelhead!
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Old 03-18-2020 | 02:32 PM
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Originally Posted by crewdawg
I would never expect the senior guys to take an early out. I'd be very wary of such a deal. Cash in the barrelhead!
Or an annuity.
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Old 03-18-2020 | 02:37 PM
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Originally Posted by Hank Kingsley
Or an annuity.


10 year annuity for 500k per pilot is coming your way
no 16 percent match just the annuity for those over 62 to 72 where MRD distributions become mandatory with the new law
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Old 03-18-2020 | 02:50 PM
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Originally Posted by crewdawg
I would never expect the senior guys to take an early out. I'd be very wary of such a deal. Cash in the barrelhead!
if you are already within 12-24 months of retirement or maybe are retired mil/ had a 2nd source of income I'd consider it. seems like as quick as they could yank that would be a year. history seems to show BK moves kinda slow
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Old 03-18-2020 | 03:14 PM
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I can't imagine trying to retire into this right now. How are those IRAs looking?

We, as a society, have never retired a generation of people off of IRAs/investments/etc. This is still a great experiment, no matter how much we talk about the certainty of it.
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