Any "Latest & Greatest" about Delta?
07-01-2010 | 07:12 AM
Gets Weekends Off
Joined: Feb 2009
Posts: 782
Likes: 0
From: 717
That is it, I can't take it anymore.....First we lost our uniforms (gained hats), then we lost our headquarters, SOPA, SMAC, Worldflight, managers AND now we have lost our feeders!!!!!!!!!! Is nothing sacred???? Get the visine out!!! (for those that can't read into it, this is tic)
07-01-2010 | 07:15 AM
Happy to be here
Joined: Jun 2006
Posts: 18,563
Likes: 0
From: A-320A
That is it, I can't take it anymore.....First we lost our uniforms (gained hats), then we lost our headquarters, SOPA, SMAC, Worldflight, managers AND now we have lost our feeders!!!!!!!!!! Is nothing sacred???? Get the visine out!!! (for those that can't read into it, this is tic)
Heck 83 million is less than our 5% bump this year.
07-01-2010 | 07:16 AM
Happy to be here
Joined: Jun 2006
Posts: 18,563
Likes: 0
From: A-320A
Compass contract:
LETTER 2007-06
FLOW THROUGH AGREEMENT
In the event of a sale of Compass such that it is no longer an affiliate of Northwest, the flow up rights of Compass new hire pilots (paragraphs D. and H. below) can be terminated by Compass without impacting Northwest’s upper cap as outlined in Section 1 B.7.c. of the NWA/ALPA Agreement (e.g., upper cap of 90).
LETTER 2007-06
FLOW THROUGH AGREEMENT
In the event of a sale of Compass such that it is no longer an affiliate of Northwest, the flow up rights of Compass new hire pilots (paragraphs D. and H. below) can be terminated by Compass without impacting Northwest’s upper cap as outlined in Section 1 B.7.c. of the NWA/ALPA Agreement (e.g., upper cap of 90).
07-01-2010 | 07:18 AM
At home on the maddog!
Joined: Mar 2009
Posts: 2,874
Likes: 0
From: Retired (mandatory age 65)
07-01-2010 | 07:19 AM
Gets Weekends Off
Joined: Aug 2005
Posts: 634
Likes: 0
From: Airbus
07-01-2010 | 07:19 AM
*********
Joined: Dec 2007
Posts: 1,068
Likes: 0
Certainly hope the flow would be offered to those who have been and continue to be hired by the NWA/Delta hybrid Compass hiring process. Otherwise, it seems like time and money wasted to screen applicants who will never benefit the airline.
07-01-2010 | 07:26 AM
Gets Weekends Off
Joined: Jan 2008
Posts: 351
Likes: 0
From: Bebe Bus De L'Air Assistant Aerial Conveyance Facilitator
To piggy back this statements since I had to hit post and answer a call...
TransStates Holding Co did not have a DCI ASA prior to today. There was no secondary benefit to sell them to these guys. Selling them to RJET or SKW would have allowed they to alter the FFD structured ASA's to the "At Risk" structure. It appears that is the structure of the new agreement with TSA, but there is no other real benefit since they were a WO.
The only other bennies I can see is the DOT3 et al will now e paid by someone one else. We may see some A/C obligations removed from our balance sheet as well. We are getting out of the WO game. There are going to be wants/desires on these flows and my guess is that if we do not play ball these airlines will be sold again.
TransStates Holding Co did not have a DCI ASA prior to today. There was no secondary benefit to sell them to these guys. Selling them to RJET or SKW would have allowed they to alter the FFD structured ASA's to the "At Risk" structure. It appears that is the structure of the new agreement with TSA, but there is no other real benefit since they were a WO.
The only other bennies I can see is the DOT3 et al will now e paid by someone one else. We may see some A/C obligations removed from our balance sheet as well. We are getting out of the WO game. There are going to be wants/desires on these flows and my guess is that if we do not play ball these airlines will be sold again.
I'm also trying to put the puzzle pieces together and the answer to this question could affect how the picture looks, IMO.
07-01-2010 | 07:28 AM
Happy to be here
Joined: Jun 2006
Posts: 18,563
Likes: 0
From: A-320A
07-01-2010 | 07:28 AM
Works Every Weekend
Joined: Dec 2007
Posts: 3,506
Likes: 0
From: 737 ATL
I looked it up already.
The NWA contract definition of affiliate is identical to the one in the Delta PWA.
---- a subsidiary, parent or division of the company.
---- an entity that controls or is controlled by the company.
So if Mesaba and Compass are sold, they are no longer affiliates.
Comair will be the last remaining "affiliate".
The NWA contract definition of affiliate is identical to the one in the Delta PWA.
---- a subsidiary, parent or division of the company.
---- an entity that controls or is controlled by the company.
So if Mesaba and Compass are sold, they are no longer affiliates.
Comair will be the last remaining "affiliate".
07-01-2010 | 07:32 AM
Gets Weekends Off
Joined: Dec 2005
Posts: 1,182
Likes: 0
From: M88B
I am not going to answer that. Why? Just plain smart.
I will state that the Q and A from CPS states that the flow will be talked about but and I am sure that all parties will be brought to the table.
I will offer my opinion on the language. It is successorship language and the cert has survived to date so the flows remain intact because of the LOA language. Now if there is a SLI or the cert goes away, that will be up for debate.
I wonder if there is another step in the process with TSA buying CPS and Pinnacle buying Mesaba. I would not be overly surprised to see SKW buy Pinnacle holdings and RJET or the like buy the CPS part of TSA. They are the ones that need the jets.
I will state that the Q and A from CPS states that the flow will be talked about but and I am sure that all parties will be brought to the table.
I will offer my opinion on the language. It is successorship language and the cert has survived to date so the flows remain intact because of the LOA language. Now if there is a SLI or the cert goes away, that will be up for debate.
I wonder if there is another step in the process with TSA buying CPS and Pinnacle buying Mesaba. I would not be overly surprised to see SKW buy Pinnacle holdings and RJET or the like buy the CPS part of TSA. They are the ones that need the jets.
Thread
Thread Starter
Forum
Replies
Last Post
