Furlough Protection
 

Do we have furlough protection from the bailout? I’ve heard different things.

Well considering they are withholding most of the text from the bill, we won't know for sure until it gets fully passed.

Please post when you find out.


Thanks

It isn’t explicitly titled as “furlough protection,” but the CARES Act as passed by the Senate states that airlines receiving aid “must agree to refrain from conducting involuntary furloughs and reducing rates and benefits until Sept. 30, 2020.” I would assume that this language will be substantially the same in the House version, as well as in the merged bill.

Source: https://www.kramerlevin.com/en/persp...by-senate.html

Full text of the legislation: https://www.npr.org/2020/03/25/82075...us-relief-bill

Although this is good news why would the company take bailout money when its just a loan which will further their debt. Havent read the bill yet but theres likely grants in there which will help the company.

The grants are payroll protections.

The legislation provides for both grants (designed to pay worker salaries) and loans. You can find summaries of the key points in multiple sources, to include “New York Times,” “Washington Post,” “Wall Street Journal,” etc.

NY Post link here;

http://nypost.com/2020/03/24/nyc-dec...partment-memo/

Classy. Here’s a sample write up on the airline portion of the stimulus from the “Wall Street Journal:”

“ U.S. to Take Stakes in Airlines in Exchange for Grants, Mnuchin Says”

So the big question is whether Envoy or any other WO falls under the same protections as their mainline owners with these bailouts and grants.

Might be hard for AAG to argue with epays showing where your pay checks come from. Something ALPA should be looking into at a DC level for sure.

wish everyone the best through this.