View Poll Results: Do you plan to take the VEOP offer?
I'm age 60+, Definitely Yes
6
2.83%
I'm age 60+, Leaning Yes
13
6.13%
I'm age 60+, Leaning No
3
1.42%
I'm age 60+, Definitely No
5
2.36%
I'm age <60, Definitely Yes
5
2.36%
I'm age <60, Leaning Yes
6
2.83%
I'm age <60, Leaning No
6
2.83%
I'm age <60, Definitely No
23
10.85%
Not eligible, but would take it if I were
121
57.08%
Not eligible and would not take it
24
11.32%
Voters: 212. You may not vote on this poll
Better VEOP Poll
#21
Gets Weekends Off
Joined APC: Jun 2015
Posts: 3,117
Denny,
Why is it a forgone conclusion to everyone that a bankruptcy judge would throw out the EO completely and cease all payments and not just reduce the pay by X% like everyone else still active? (Serious question). This isn’t the DB...on the grand scale, the early out isn’t an expensive item.
Why is it a forgone conclusion to everyone that a bankruptcy judge would throw out the EO completely and cease all payments and not just reduce the pay by X% like everyone else still active? (Serious question). This isn’t the DB...on the grand scale, the early out isn’t an expensive item.
#23
Better VEOP Poll
Because the LOA is likely to be deemed an unsecured executory contract and, in any bankruptcy action, the Bankruptcy Code authorizes a Chapter 11 debtor-in-possession to reject any executory contract where it is in the best business judgment of the debtor-in-possession to do so. D-I-Ps practice slash-and-burn agriculture when it comes to executory contracts. They don't want to pay out any more than they have to
Copy thanks...but didn’t some of that law language change since the last BK? Forgive my ignorance on the subject.
Also, would the “Call to Action” ALPA has been pushing cover this in BK?
#25
Denny,
Why is it a forgone conclusion to everyone that a bankruptcy judge would throw out the EO completely and cease all payments and not just reduce the pay by X% like everyone else still active? (Serious question). This isn’t the DB...on the grand scale, the early out isn’t an expensive item.
Why is it a forgone conclusion to everyone that a bankruptcy judge would throw out the EO completely and cease all payments and not just reduce the pay by X% like everyone else still active? (Serious question). This isn’t the DB...on the grand scale, the early out isn’t an expensive item.
#26
Denny
#27
Gets Weekends Off
Joined APC: Nov 2009
Position: C560XL/XLS/XLS+
Posts: 1,278
I just turned 62 and I'm not taking it. The medical insurance for two years only is a deal killer, so is the lack of BK protection. I can sit reserve as a 330A and pretty much not work very much...
#28
Gets Weekends Off
Joined APC: Jun 2010
Posts: 238
I am 60 so the package does not look very good with 3 years pay and insurance for only 2. Having said that I will probably sign up since I will have until August to revoke. No harm in keeping the option open till the last minute.
So unfortunately the initial take numbers may not be accurate.
So unfortunately the initial take numbers may not be accurate.
#30
Gets Weekends Off
Joined APC: Apr 2018
Posts: 3,144
I am 60 so the package does not look very good with 3 years pay and insurance for only 2. Having said that I will probably sign up since I will have until August to revoke. No harm in keeping the option open till the last minute.
So unfortunately the initial take numbers may not be accurate.
So unfortunately the initial take numbers may not be accurate.
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