Any "Latest & Greatest" about Delta?
02-14-2012 | 09:05 AM
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From: B757/767
Hmmmm, makes sense from a 4th floor type we had in the jumpseat not long ago! Said DAL likes the charter business so much that they were looking to find another opportunity soon. Not World, but that other little entity they have North American all 767-300ER AND 757'S....
Price might just be right! And they have a lot of Gov contracts. Just sayin!
Price might just be right! And they have a lot of Gov contracts. Just sayin!
I'm guessing they contract our MX though.
02-14-2012 | 09:25 AM
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From: 7ERB
02-14-2012 | 09:34 AM
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From: Poodle Whisperer
02-14-2012 | 09:51 AM
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From: DL 7ER F/O
OK so we pay down the debt below 10B and then we are magically going to "take off" sending us right back into the debt that we just paid down? I do not buy that one other than with a lower debt level our interest rates on debt might be lower but then they would just go back up when our debt levels climbed as well.
02-14-2012 | 10:19 AM
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OK so we pay down the debt below 10B and then we are magically going to "take off" sending us right back into the debt that we just paid down? I do not buy that one other than with a lower debt level our interest rates on debt might be lower but then they would just go back up when our debt levels climbed as well.
02-14-2012 | 10:37 AM
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From: A-320/A
[QUOTE=flyawAAy;1134828]
Soooo, you mean one would have to take, like, two weeks of that 42 days of vacation in, like, Europe. Skiing, or something. Where do you sign???
-7900 a month income w/flight pay:tax free
-3900 housing allowance
-About a 1000 dollar a month education allowance.
-All utilities except internet paid for
-about 2000 a month in profit sharing
-42 days of vacation a year
-Annual leave PS ticket for you and your family anywhere EK flies
-15% in to a retirement fund.
That equates to 14800 a month all tax free.
Tax free only if you are physically on foreign soil for at least 330 days of the year....42 days of vacation, what a deal. One second under the 330 days - no Foreign Earned Income Exclusion.
Foreign Earned Income Exclusion - Physical Presence Test
330 Full Days
Generally, to meet the physical presence test, you must be physically present in a foreign country or countries for at least 330 full days during the 12-month period. You can count days you spent abroad for any reason. You do not have to be in a foreign country only for employment purposes. You can be on vacation time.
You do not meet the physical presence test if illness, family problems, a vacation, or your employer's orders cause you to be present for less than the required amount of time. Also, if you are present in a foreign country in violation of U.S. law, you will not be treated as physically present in a foreign country while you were in violation of the law. Income that you earn from source within such a country for services performed during a period of violation does not qualify as foreign earned income.
However, the minimum time requirement can be waived if you must leave a foreign country because of war, civil unrest, or similar adverse conditions in that country. You must be able to show that you reasonably could have expected to meet the minimum time requirements if not for the adverse conditions, and that you had a tax home in the foreign country and were a bona fide resident of, or physically present in, the foreign country on or before the beginning date of the waiver.
Full Day
A full day is a period of 24 consecutive hours, beginning at midnight. You must spend each of the 330 full days in a foreign country. When you leave the United States to go directly to a foreign country or when you return directly to the United States from a foreign country, the time you spend on or over international waters does not count toward the 330-day total.
-3900 housing allowance
-About a 1000 dollar a month education allowance.
-All utilities except internet paid for
-about 2000 a month in profit sharing
-42 days of vacation a year
-Annual leave PS ticket for you and your family anywhere EK flies
-15% in to a retirement fund.
That equates to 14800 a month all tax free.
Tax free only if you are physically on foreign soil for at least 330 days of the year....42 days of vacation, what a deal. One second under the 330 days - no Foreign Earned Income Exclusion.
Foreign Earned Income Exclusion - Physical Presence Test
330 Full Days
Generally, to meet the physical presence test, you must be physically present in a foreign country or countries for at least 330 full days during the 12-month period. You can count days you spent abroad for any reason. You do not have to be in a foreign country only for employment purposes. You can be on vacation time.
You do not meet the physical presence test if illness, family problems, a vacation, or your employer's orders cause you to be present for less than the required amount of time. Also, if you are present in a foreign country in violation of U.S. law, you will not be treated as physically present in a foreign country while you were in violation of the law. Income that you earn from source within such a country for services performed during a period of violation does not qualify as foreign earned income.
However, the minimum time requirement can be waived if you must leave a foreign country because of war, civil unrest, or similar adverse conditions in that country. You must be able to show that you reasonably could have expected to meet the minimum time requirements if not for the adverse conditions, and that you had a tax home in the foreign country and were a bona fide resident of, or physically present in, the foreign country on or before the beginning date of the waiver.
Full Day
A full day is a period of 24 consecutive hours, beginning at midnight. You must spend each of the 330 full days in a foreign country. When you leave the United States to go directly to a foreign country or when you return directly to the United States from a foreign country, the time you spend on or over international waters does not count toward the 330-day total.
02-14-2012 | 10:40 AM
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From: A-320A
Hmmmm, makes sense from a 4th floor type we had in the jumpseat not long ago! Said DAL likes the charter business so much that they were looking to find another opportunity soon. Not World, but that other little entity they have North American all 767-300ER AND 757'S....
Price might just be right! And they have a lot of Gov contracts. Just sayin!
Price might just be right! And they have a lot of Gov contracts. Just sayin!
That would make sense, and their 767 are mostly pax jets. A year or so ago, I had a few Atlas guys ask if the rumors over there were true that DAL was looking at them as well.
At the end of the day, the take away is that we are acquiring airlines. Those may or may not come with pilots. If they do, it results in no growth for this pilot group.
02-14-2012 | 10:43 AM
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From: A-320A
Um, yeah, I got a brief. I will let those that went spell it out.
One take away was no leaves past Dec 2012. They need bodies on the Maddog. It sounded like a lot of people in the room wanted to know if they could bail out of here for a few years, and the answer was basically no.
02-14-2012 | 10:45 AM
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Joined: Jun 2006
Posts: 18,563
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From: A-320A
[QUOTE=flyawAAy;1134828]
I can tell you that every person that I know that works there does not pay any US taxes up to the 87.5K limit. They have tax attorney's here do their filings to make sure it is above board as well.
The ones doing the commuting contracts in Asia will not pay federal taxes but generally pay state income taxes if applicable.
-7900 a month income w/flight pay:tax free
-3900 housing allowance
-About a 1000 dollar a month education allowance.
-All utilities except internet paid for
-about 2000 a month in profit sharing
-42 days of vacation a year
-Annual leave PS ticket for you and your family anywhere EK flies
-15% in to a retirement fund.
That equates to 14800 a month all tax free.
Tax free only if you are physically on foreign soil for at least 330 days of the year....42 days of vacation, what a deal. One second under the 330 days - no Foreign Earned Income Exclusion.
Foreign Earned Income Exclusion - Physical Presence Test
330 Full Days
Generally, to meet the physical presence test, you must be physically present in a foreign country or countries for at least 330 full days during the 12-month period. You can count days you spent abroad for any reason. You do not have to be in a foreign country only for employment purposes. You can be on vacation time.
You do not meet the physical presence test if illness, family problems, a vacation, or your employer's orders cause you to be present for less than the required amount of time. Also, if you are present in a foreign country in violation of U.S. law, you will not be treated as physically present in a foreign country while you were in violation of the law. Income that you earn from source within such a country for services performed during a period of violation does not qualify as foreign earned income.
However, the minimum time requirement can be waived if you must leave a foreign country because of war, civil unrest, or similar adverse conditions in that country. You must be able to show that you reasonably could have expected to meet the minimum time requirements if not for the adverse conditions, and that you had a tax home in the foreign country and were a bona fide resident of, or physically present in, the foreign country on or before the beginning date of the waiver.
Full Day
A full day is a period of 24 consecutive hours, beginning at midnight. You must spend each of the 330 full days in a foreign country. When you leave the United States to go directly to a foreign country or when you return directly to the United States from a foreign country, the time you spend on or over international waters does not count toward the 330-day total.
-3900 housing allowance
-About a 1000 dollar a month education allowance.
-All utilities except internet paid for
-about 2000 a month in profit sharing
-42 days of vacation a year
-Annual leave PS ticket for you and your family anywhere EK flies
-15% in to a retirement fund.
That equates to 14800 a month all tax free.
Tax free only if you are physically on foreign soil for at least 330 days of the year....42 days of vacation, what a deal. One second under the 330 days - no Foreign Earned Income Exclusion.
Foreign Earned Income Exclusion - Physical Presence Test
330 Full Days
Generally, to meet the physical presence test, you must be physically present in a foreign country or countries for at least 330 full days during the 12-month period. You can count days you spent abroad for any reason. You do not have to be in a foreign country only for employment purposes. You can be on vacation time.
You do not meet the physical presence test if illness, family problems, a vacation, or your employer's orders cause you to be present for less than the required amount of time. Also, if you are present in a foreign country in violation of U.S. law, you will not be treated as physically present in a foreign country while you were in violation of the law. Income that you earn from source within such a country for services performed during a period of violation does not qualify as foreign earned income.
However, the minimum time requirement can be waived if you must leave a foreign country because of war, civil unrest, or similar adverse conditions in that country. You must be able to show that you reasonably could have expected to meet the minimum time requirements if not for the adverse conditions, and that you had a tax home in the foreign country and were a bona fide resident of, or physically present in, the foreign country on or before the beginning date of the waiver.
Full Day
A full day is a period of 24 consecutive hours, beginning at midnight. You must spend each of the 330 full days in a foreign country. When you leave the United States to go directly to a foreign country or when you return directly to the United States from a foreign country, the time you spend on or over international waters does not count toward the 330-day total.
The ones doing the commuting contracts in Asia will not pay federal taxes but generally pay state income taxes if applicable.
02-14-2012 | 10:52 AM
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From: ATL717A
Um, yeah, I got a brief. I will let those that went spell it out.
One take away was no leaves past Dec 2012. They need bodies on the Maddog. It sounded like a lot of people in the room wanted to know if they could bail out of here for a few years, and the answer was basically no.
One take away was no leaves past Dec 2012. They need bodies on the Maddog. It sounded like a lot of people in the room wanted to know if they could bail out of here for a few years, and the answer was basically no.
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