1721
09-19-2020 | 12:55 PM
#131
Line Holder
Joined: Mar 2008
Posts: 638
Likes: 3
From: A330 FO
CARES needs Senate participation and approval. And the WH’s and Senate’s top priority just shifted to the Supreme Court. I’d like to wrong, but look at headlines at every major media outlet. This doesn’t mean CARES won’t happen, but I’m expecting CARES to be back burnered for awhile.
09-20-2020 | 08:29 AM
#132
Roll’n Thunder
Joined: Oct 2009
Posts: 5,123
Likes: 543
From: Pilot
I tried finding the original source but was unsuccessful, but this USA Today article mentions a Goldman Sachs estimate that there is only slightly better than a 50% chance of CARES 2 passing by the end of Sept.
https://www.usatoday.com/story/money...id/5830514002/
https://www.usatoday.com/story/money...id/5830514002/
09-20-2020 | 08:42 AM
#133
Line Holder
Joined: Mar 2008
Posts: 638
Likes: 3
From: A330 FO
I tried finding the original source but was unsuccessful, but this USA Today article mentions a Goldman Sachs estimate that there is only slightly better than a 50% chance of CARES 2 passing by the end of Sept.
https://www.usatoday.com/story/money...id/5830514002/
https://www.usatoday.com/story/money...id/5830514002/
09-20-2020 | 12:50 PM
#134
Gets Weekends Off
Joined: Sep 2015
Posts: 5,529
Likes: 197
From: UNA
So in theory should we have an idea what is offered by the company on Tuesday? will the MEC vote to send it out or not on Tuesday or at a later point in time? Just curious how this all might shake out
09-20-2020 | 01:00 PM
#135
Moderator
Joined: Jul 2006
Posts: 7,427
Likes: 427
One rep said it should be posted on the DALPA site shortly after it's briefed at the meeting.
09-20-2020 | 01:06 PM
#136
Gets Weekends Off
Joined: Sep 2015
Posts: 5,529
Likes: 197
From: UNA
09-20-2020 | 02:59 PM
#137
seeing the country...
Joined: Oct 2006
Posts: 4,004
Likes: 35
From: 73N A
Not likely, because until the MEC votes on it, it's just a proposal from the NC. If EB talks about it at the town hall, probably just in general terms of "we have a proposal with ALPA now, we think it's great and will help reduce or all of the furloughs. We're still losing money and this is the only way to help the company."
09-20-2020 | 04:03 PM
#138
Roll’n Thunder
Joined: Oct 2009
Posts: 5,123
Likes: 543
From: Pilot
You guys sound like you’re mixing the two “deals” currently on the table. The LOA that has voluntary measures only and saves the additional 220 furloughs is finalized and will get voted on Tuesday and if it passes it will be made available to everyone shortly afterwards. The “big” proposal that saves all furloughs (and probably requires memrat) is getting briefed to the MEC on Tuesday but there’s no actual TA to vote on yet. The details of that probably won’t be released until there’s an actual TA voted on, or unless there’s more attempts to negotiate in public.
09-20-2020 | 04:17 PM
#139
Gets Weekends Off
Joined: May 2012
Posts: 1,418
Likes: 0
You guys sound like you’re mixing the two “deals” currently on the table. The LOA that has voluntary measures only and saves the additional 220 furloughs is finalized and will get voted on Tuesday and if it passes it will be made available to everyone shortly afterwards. The “big” proposal that saves all furloughs (and probably requires memrat) is getting briefed to the MEC on Tuesday but there’s no actual TA to vote on yet. The details of that probably won’t be released until there’s an actual TA voted on, or unless there’s more attempts to negotiate in public.
So I guess I’m agreeing with you.
09-20-2020 | 04:20 PM
#140
Gets Weekends Off
Joined: Dec 2017
Posts: 2,903
Likes: 95
The MEC Chair also said the “big” proposal was just that, a proposal. Just like -15% ALV was a proposal. They said they’d look at it and decide what to do with it. Which could be anything from reject it or make a counter. It sure looks like a last minute cram down.
So I guess I’m agreeing with you.
So I guess I’m agreeing with you.
