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May 2022 LOAs - Good/Bad Discussion

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Old 05-17-2022 | 03:30 AM
  #21  
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Originally Posted by enyPSIsc2b
Want to represent us?
I have offered to help as a negotiator in the past.
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Old 05-17-2022 | 05:50 AM
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Anyone who made the call know if the restructured bonus still has 50k contingent on not going below guarantee for two years?

I agree with others saying this won't do anything about attrition. It might work on people with poor impulse control and planning but this profession tends to weed those people out even before the regional paid internship humiliation phase. Losing a day off to the commute on the ends of every trip because of the new rigs could put people on their 12 d/o schedules at 8 or so full days at home. Of course, this is still a luxurious schedule compared to 4-6 days at home losing a d/o on both ends because you start at 0400 on day 1 and get off at 2359 day 5 on eternal reserve.

The "fix" if they want to continue to operate this sweatshop is obviously AA #s, at this point I see that or some other radical change directly related to career progression as inevitable and all the rest of this stuff is just goofing. Airline pilots cost more than 40k in 2022. Sorry not sorry.
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Old 05-17-2022 | 08:34 AM
  #23  
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Originally Posted by pitchattitude
Each payment triggers a commitment. That’s the whole point of it being a RETENTION bonus. It does potentially give an opportunity to work some of it off, but the whole idea is to get you hooked on the crack so you stay. Giving you just a nibble of that carrot so you don’t decide you’re just going to starve to death and find somewhere else to feed you, even at the cost of paying back that paltry $30K initial payment.
So I agree with pretty much everything people have been posting, but I'm not sure I understand what the harm is in taking the bonus money, even if you have to repay it a month later. I mean, less than a year ago airlines were sending pilots home, and who knows what next year will bring. Then there's the talk of raising retirement age and/or hiring foreign pilots. Sure, staying at a regional is not the goal, but if you dont take the bonus money this year, and the industry turns to ****, can you still get the money next year (retroactively) if you get stuck?
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Old 05-17-2022 | 10:10 AM
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Originally Posted by Cujo665
I have offered to help as a negotiator in the past.
LMFAO! The fact that you are almost a decade removed from Envoy and STILL post here as if you're relevant speaks volumes.
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Old 05-17-2022 | 11:34 AM
  #25  
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Originally Posted by JustAsking
So I agree with pretty much everything people have been posting, but I'm not sure I understand what the harm is in taking the bonus money, even if you have to repay it a month later. I mean, less than a year ago airlines were sending pilots home, and who knows what next year will bring. Then there's the talk of raising retirement age and/or hiring foreign pilots. Sure, staying at a regional is not the goal, but if you dont take the bonus money this year, and the industry turns to ****, can you still get the money next year (retroactively) if you get stuck?
Looks like you have to accept the bonus within a window of the LOA being ratified if already a captain or once you make captain (finish captain IOE). Also if you are already a captain but passed, you can still decide to take it.
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Old 05-17-2022 | 11:39 AM
  #26  
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Originally Posted by NoValueAviator
Anyone who made the call know if the restructured bonus still has 50k contingent on not going below guarantee for two years?

I agree with others saying this won't do anything about attrition. It might work on people with poor impulse control and planning but this profession tends to weed those people out even before the regional paid internship humiliation phase. Losing a day off to the commute on the ends of every trip because of the new rigs could put people on their 12 d/o schedules at 8 or so full days at home. Of course, this is still a luxurious schedule compared to 4-6 days at home losing a d/o on both ends because you start at 0400 on day 1 and get off at 2359 day 5 on eternal reserve.

The "fix" if they want to continue to operate this sweatshop is obviously AA #s, at this point I see that or some other radical change directly related to career progression as inevitable and all the rest of this stuff is just goofing. Airline pilots cost more than 40k in 2022. Sorry not sorry.
The $50K is still included in the restructured payment. The total is still a max of $150K and still has the flying credit minimums. It’s just paid out sooner as part of the initial $15K and $40K anniversary payments in addition to the $30K at IOE completion. The original bonus had a 36 month hook if you left. The way I read it the new option only has a 24 month obligation, but includes anything received in the previous 24 months. Ultimately it’s just giving you more sooner as a bigger hook to keep you from leaving.
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Old 05-17-2022 | 11:46 AM
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Originally Posted by pitchattitude
Looks like you have to accept the bonus within a window of the LOA being ratified if already a captain or once you make captain (finish captain IOE). Also if you are already a captain but passed, you can still decide to take it.
I agree with the point he's making regarding the bonus LOA. Take the money. Even if you plan to go elsewhere. Take the money. You never know, things change and you may end up staying and going to AA. How stupid would be the decision to turn down $150k look then. Even if you decide to leave and have to pay it back, at least it was an option and you're no worse off than not taking it. I don't understand the 'don't take the money' mentality.
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Old 05-17-2022 | 11:51 AM
  #28  
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Originally Posted by highfarfast
I agree with the point he's making regarding the bonus LOA. Take the money. Even if you plan to go elsewhere. Take the money. You never know, things change and you may end up staying and going to AA. How stupid would be the decision to turn down $150k look then. Even if you decide to leave and have to pay it back, at least it was an option and you're no worse off than not taking it. I don't understand the 'don't take the money' mentality.
I agree. As long as you can hold onto that money or can readily borrow against something like a 401K to pay it back. Sounds like from those who have recently left they have figured out the repayment of taxes piece, but haven’t heard anything about the union dues part of you can get that back from the union somehow or if that is just the cost of doing business.
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Old 05-17-2022 | 12:07 PM
  #29  
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Originally Posted by cr700
LMFAO! The fact that you are almost a decade removed from Envoy and STILL post here as if you're relevant speaks volumes.
The fact that your management style hasn’t changed in decades speaks even more volumes. You’re just ****ed that you can’t play the same games you used 10-20 years ago.
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Old 05-17-2022 | 04:01 PM
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Originally Posted by pitchattitude
haven’t heard anything about the union dues part of you can get that back from the union somehow or if that is just the cost of doing business.
I don't have the relevant commo in front of me, but I thought the MEC had agreed to return the dues portion if one left? Might be something to run by your rep.
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