Furlough Protection
03-26-2020, 12:39 PM
#2
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Joined APC: Mar 2017
Posts: 3,657
Originally Posted by blackbox348
Do we have furlough protection from the bailout? I’ve heard different things.
03-26-2020, 02:13 PM
#4
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Posts: 502
Originally Posted by blackbox348
Do we have furlough protection from the bailout? I’ve heard different things.
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
03-26-2020, 04:34 PM
#5
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Position: EMB FO
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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.
03-26-2020, 04:38 PM
#6
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Posts: 537
Originally Posted by GoFast8
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.
03-26-2020, 05:11 PM
#7
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Originally Posted by GoFast8
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.
03-26-2020, 06:13 PM
#8
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Originally Posted by uavking
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.
http://nypost.com/2020/03/24/nyc-dec...partment-memo/
03-26-2020, 07:16 PM
#9
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Originally Posted by havick206
“ U.S. to Take Stakes in Airlines in Exchange for Grants, Mnuchin Says”
03-26-2020, 07:51 PM
#10
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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.
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.
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