PDX isn't a base for us, but yes, SEA (A-330 only) is very senior. You can't really generalize too easily about the seniority of any of our bases overall. MEM (9's and 320's only) is more senior than DTW and MEM. MSP and DTW are pretty close seniority wise on all the categories that they share (9, 320, 757, 330). DTW is our only 744 base, which is of course the most senior position in the airline. ANC only has 727-200's so it's very senior as well except for the SO seat. The 747-200 seat in MSP is pretty new, and really only does mil charters. Has a temporary feel to it, and it's almost all reserve.

Isn't that equity stake going into out B-plan accounts for retirement? Or is any excess above $45k come in our paychecks. Newhires will get about 3300 shares so the share price will have to be about $14 to have any left over for us. Obviously less for the senior guys who can get up to 1000 more shares. What happens to $$ from our monthly contributions above the $45 cap? Thanks

It goes in to your pay check. If you max out you have the chance of a one year 14% pay increase.

Just out of curiosity, but are we going to have a choice whether to put it all in our DC plan, put some in our DC plan, take it all as regular income, or god forbid...keep some in Delta stock? All I keep reading is that they have worked with the company to allow us to put it in our DC plan. And yes, I'm aware of the tax implications of taking it as income, I just haven't read anything or talked to someone that could answer that question. Something just wouldn't sit right with me if I was given 3000ish shares of stock and was told that I must immediately sell it and put the proceeds into my DC plan...even though that is what I would probably do, I just want it to be my decision on where my money goes.

This is just something you're going to have to get over. That is how the BK claim and equity share was paid out. Sorry for the bad news.

You could always re-purchase the shares if it goes down like this. Me personally, show me the money baby! The claim and allocation were great and I can only hope this turns out anywhere close to them.

Tantrum,

It's my understanding that, to the max extent possible, this equity will be a company contribution to either the DC plan or the 401k, just like the claim and note monies. The stock will be sold over a specified period by Athena, the same group that worked with the claim sale. (I'm 99 percent sure that you cannot opt out of the stock sale) If they cannot sell it all at a reasonable price (who knows what that is) then it's possible you could get some stock in the distribution. Just like the claim and note, there will not be an option to opt out of having it put in your tax deferred account. (Has something to do with tax law)

Denny, did you give up on the Coast Guard and decide to fly airplanes?

Here's a shock, I flippin got a line for next month and am going to have to give up the bowling, the White Russians and shave.

Actually wouldn't it be 11%?...9% DC and 2% 401k.

The DC percentage doesn't begin to increase with the JCBA until 2010.

I am a Sep.2000 hire and based on the number of shares I am going to receive 3500ish, the stock needs to be at about $13/share to fill up my 415 limit of 46k. Lets hope the stock starts running after the DOJ approval...

Yeah am off by two percentage points. That is what having your kid on your lap does.
9+2=11+5% pay increase for the year =16
Sorry I have not had time to edit the previous post.