That isn't all they like to keep secret. As sailing has pointed out there is another shoe to drop probably an aircraft order. The reps know about it but won't tell us but presumably it makes this TA good. It sure doesn't stand on its own.

It does seem like they love to have the info and not share it at least with us, but other competing company CEOs are included. Maybe we need some wikileaks help.

 

Look at section 1 definitions. It's now an "aircraft" vs. "turbojet powered aircraft"

Seats, not power plants are no the determining factor. It could be warp drive and it doesn't matter.

 

If voted down, retro will apply, 50 seaters will still go away, and a nb order will still happen. Just say no.

 

Anything in the TA that stops funding competing airlines like Frontier via companies like Republic/Chataqua/Shuttle America?

Cuz if you're gonna grow 76 seaters - guess who is the cheapest?

 

Part of his brilliance may be the well planned orchestration of this. The next step after MEC approval? Apply pressure to the pilot group to vote yes.

 

I don't care about 717s, they should have nothing to do with this contract. It's the 76 seat jets that have me concerned. What we give up in scope can NEVER be recaptured.

Simple solution. We fly all and any additional 76 seat aircraft.

Whatever hole MGMT is in regarding 50 seat aircraft, lease terms, and DCI contracts, they dug themselves. We will help you out of this hole, but we aren't handing you our jobs.

 

Delta to take Southwest's 717s


Delta to Take Delivery of Boeing 717 Aircraft Upon Ratification of Pilot Tentative Agreement

http://m.prnewswire.com/news-release...152592655.html

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ATLANTA, May 22, 2012 /PRNewswire/ -- Delta Air Lines (NYSE: DAL) will begin taking delivery of Boeing 717 aircraft as early as 2013 upon ratification of a new tentative agreement covering Delta's more than 12,000 pilots. The tentative agreement was approved on May 21 by the Master Executive Council (MEC) of the Delta Air Line Pilots Association (ALPA), and now will be presented to pilots for review and ratification through June 30.

(Logo: http://photos.prnewswire.com/prnh/20090202/DELTALOGO )

The tentative agreement provides career growth opportunities as well as pay and benefits improvements for Delta pilots, while providing Delta productivity gains and additional aircraft flexibility, including an opportunity to accelerate its domestic fleet restructuring to provide a better customer travel experience.

If ratified, the agreement will accelerate Delta's domestic fleet restructuring strategy. To this end, Delta has reached an agreement in principle with Southwest Airlines and Boeing to lease 88 Boeing 717 aircraft currently in service at Southwest subsidiary AirTran Airways that is conditioned upon pilot ratification of the tentative agreement. The aircraft will primarily replace inefficient 50-seat regional jets and some older DC-9 aircraft still in service, on a capacity-neutral basis.

The tentative agreement also provides Delta with additional flexibility to acquire up to 70 larger two-class, 76-seat regional jets as the Boeing 717 aircraft are delivered to Delta. Delta currently operates 255 larger two-class regional jets; the fleet will be increased to 325 aircraft.

"These actions pave the way for us to restructure and upgauge our domestic fleet, which will lower our costs, provide more pilot jobs and improve the onboard experience for our customers," said Delta CEO Richard Anderson. "The addition of the Boeing 717s, additional large regional jets and the planned replacement of 50-seat aircraft continue Delta's commitment to operating an efficient, flexible domestic fleet that offers customers even more opportunities to upgrade to our First Class and Economy Comfort cabins."*

In addition to aircraft flexibility, the tentative agreement will provide for productivity enhancements as well as improvements to the total compensation package for Delta pilots, including increases to base pay. The agreement also provides for a modification of the profit sharing program for pilots so that it pays 10 percent of profits, compared with 15 percent today, on the first $2.5 billion of profits effective Jan. 1, 2013. The plan will continue to pay 20 percent of profits above $2.5 billion. A voluntary early retirement option recently offered to Delta's other employee groups also will be available to Delta pilots upon ratification of the tentative agreement.

"Delta, our pilots and ALPA continue to benefit from a very constructive, proactive relationship, one that is unprecedented in our industry," said Mike Campbell, executive vice president – Human Resources and Labor Relations. "This tentative agreement represents an investment in our pilots and our company as it gives Delta significant fleet flexibility, the ability to continue running a reliable operation for our customers, and a profitable enterprise for shareholders and for all Delta people. The fleet changes provided by this agreement, coupled with the productivity and profit sharing changes, cover the investments in our employees.

"We strongly support the Delta MEC's endorsement and are optimistic that Delta pilots will ratify the tentative agreement," Campbell said.*

Pilots have approximately five weeks to review and ratify the tentative agreement. If approved by the June 30 deadline, the agreement would take effect July 1, 2012. The agreement becomes amendable Dec. 31, 2015.

Negotiating committees for Delta and ALPA announced on May 15, 2012, that a tentative agreement had been reached. During the next several days the tentative agreement was reviewed and subsequently approved by the Delta MEC on May 21.



SOURCE Delta Air Lines

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By JOSHUA FREED, AP Airlines Writer – 13 minutes ago*
MINNEAPOLIS (AP) — Delta Air Lines is adding a new plane to its fleet. It's taking the Boeing 717s that Southwest Airlines got when it bought AirTran.
Delta said it will start leasing the 717s next year as long as its pilots approve a new labor contract.
Until it bought AirTran, Southwest only flew Boeing 737s. Southwest Airlines Co. has said it was looking for someone else to take AirTran's 717s.
Delta says the 88 planes will replace 50-seat regional jets and the old DC-9s that Delta got when it bought Northwest. Because the 717s will be replacing old planes, Delta says the overall amount of flying it does will stay the same.
Copyright © 2012 The Associated Press. All rights reserved.

 

All of this, and it looks as if Wall St. is just as unimpressed as we are.

 

"replacing dc-9s etc on a capacity neutral basis....to retire less efficient aircraft and maintain capacity discipline by continuing to right-size our fleet and network to match customer demand. "

 

From the Yahoo article:
"The agreement also provides for a modification of the profit sharing program for pilots so that it pays 10 percent of profits, compared with 15 percent today, on the first $2.5 billion of profits effective Jan. 1, 2013. The plan will continue to pay 20 percent of profits above $2.5 billion."

I saved a copy of the TA, but anyone actually see this in there? Still not happy about going to 10%, but would like to see the trigger in there. Not a deal maker for me, though.

Also, I'd seen on here that we were to have 60 days to vote? Now all the press releases and DeltaNet are saying by June 30th.