What's the Latest at ASA/Expressjet?
06-08-2014 | 10:15 AM
#6331
Gets Weekends Off
Joined: Apr 2006
Posts: 205
Likes: 0
For the life of me, I cannot understand why ASA guys come on here and try to persuade XJT guys that they are too expensive. To my mind, ASA labor is too cheap. Hell, XJT labor is too cheap! Your pilot group stood up last autumn, guys--it would benefit all of us if you were to stop undermining their achievement by airing your pessimism so publicly.
06-08-2014 | 11:10 AM
#6332
Line Holder
Joined: Sep 2012
Posts: 56
Likes: 0
Well, I didn't actually say anything about opinions. Of course we are entitled to them. And I understand that I'm responsible for my own actions as they pertain to me and my family. I don't have any fiduciary responsibility to anyone else other than my family. But you still failed to answer my question about our CEO and his responsibilities to his employees. Aren't his decisions more consequential on his own employees than my one out of 4500 vote?
401k match
<5 100% up to 4%
5<10 100% up to 5%
10+ 100% up to 6%
Defined Contribution
<5 2.5%
5<10 4%
10<15 5%
15<20 5.5%
20+ 6.0 %
Sick accrual is 5 hours per month.
Vacation accrual
1 year 7 days
2-6 years 14 days
7-10 years 21 days
11+ years 28 days
Per diem $1.80
Premiums are capped at 25% maximum.
We also have an OJI bank of 400 hours. And a very good LTD plan as well. Those are huge as well.
401k match
<5 100% up to 4%
5<10 100% up to 5%
10+ 100% up to 6%
Defined Contribution
<5 2.5%
5<10 4%
10<15 5%
15<20 5.5%
20+ 6.0 %
Sick accrual is 5 hours per month.
Vacation accrual
1 year 7 days
2-6 years 14 days
7-10 years 21 days
11+ years 28 days
Per diem $1.80
Premiums are capped at 25% maximum.
We also have an OJI bank of 400 hours. And a very good LTD plan as well. Those are huge as well.
The DC (Defined Contribution) plan is an additional quarterly payout into your 401k fund. In my case, it’s an extra $4500 annually. This payout grows with your regular 401k match and contribution and if you think about it over long term, the DC plan can worth be hundreds of thousands of dollars.
The LTD plan that pays 55% of 80 hours (tax free) up to age 65 if a pilot loses his/her medical certificate and up to two years for psychological leaves (depression). Any other income that does not require an FAA Medical Certificate will not offset this payout. So, if you are getting 3000 a month from LTD, and you are able to pursue another career, you can still collect the 3000 until you age 65. Why would you not want something to protect your income if you lose your medical? I think most Legacy carriers have this type of plan.
06-08-2014 | 11:27 AM
#6333
Gets Weekends Off
Joined: Feb 2009
Posts: 212
Likes: 0
From: emb-145 ca
For the life of me, I cannot understand why ASA guys come on here and try to persuade XJT guys that they are too expensive. To my mind, ASA labor is too cheap. Hell, XJT labor is too cheap! Your pilot group stood up last autumn, guys--it would benefit all of us if you were to stop undermining their achievement by airing your pessimism so publicly.
The best thing that could happen to the US pilot workforce is foreign carriers opening more US domiciles to source what pilot labor they can. Then the true cost of pilot labor will be fully realized.
06-08-2014 | 11:35 AM
#6334
Gets Weekends Off
Joined: Mar 2007
Posts: 3,215
Likes: 0
From: Capt
The best thing that could happen to the US pilot workforce is foreign carriers opening more US domiciles to source what pilot labor they can
06-08-2014 | 01:54 PM
#6335
Gets Weekends Off
Joined: Aug 2006
Posts: 328
Likes: 0
From: CRJ CA
For the life of me, I cannot understand why ASA guys come on here and try to persuade XJT guys that they are too expensive. To my mind, ASA labor is too cheap. Hell, XJT labor is too cheap! Your pilot group stood up last autumn, guys--it would benefit all of us if you were to stop undermining their achievement by airing your pessimism so publicly.
06-08-2014 | 03:13 PM
#6336
Gets Weekends Off
Joined: Mar 2014
Posts: 363
Likes: 0
For the life of me, I cannot understand why ASA guys come on here and try to persuade XJT guys that they are too expensive. To my mind, ASA labor is too cheap. Hell, XJT labor is too cheap! Your pilot group stood up last autumn, guys--it would benefit all of us if you were to stop undermining their achievement by airing your pessimism so publicly.
06-08-2014 | 03:29 PM
#6337
Line Holder
Joined: Oct 2009
Posts: 280
Likes: 5
"Too expensive" is subjective. If no one is willing to fund current book, then you are too expensive. I haven't heard anyone throw down the gauntlet yet... It does seem, however, that the rumor mill is churning out that LXJT needs to show up seriously ready to negotiate....and soon.
06-08-2014 | 06:26 PM
#6339
Banned
Joined: Dec 2007
Posts: 2,934
Likes: 0
From: EMB 145 CPT
Quote:
Originally Posted by antbar01
For the life of me, I cannot understand why ASA guys come on here and try to persuade XJT guys that they are too expensive. To my mind, ASA labor is too cheap. Hell, XJT labor is too cheap! Your pilot group stood up last autumn, guys--it would benefit all of us if you were to stop undermining their achievement by airing your pessimism so publicly.
"Too expensive" is subjective. If no one is willing to fund current book, then you are too expensive. I haven't heard anyone throw down the gauntlet yet... It does seem, however, that the rumor mill is churning out that LXJT needs to show up seriously ready to negotiate....and soon.
Originally Posted by antbar01
For the life of me, I cannot understand why ASA guys come on here and try to persuade XJT guys that they are too expensive. To my mind, ASA labor is too cheap. Hell, XJT labor is too cheap! Your pilot group stood up last autumn, guys--it would benefit all of us if you were to stop undermining their achievement by airing your pessimism so publicly.
"Too expensive" is subjective. If no one is willing to fund current book, then you are too expensive. I haven't heard anyone throw down the gauntlet yet... It does seem, however, that the rumor mill is churning out that LXJT needs to show up seriously ready to negotiate....and soon.
By the way, still ignoring the question.
06-08-2014 | 09:15 PM
#6340
Gets Weekends Off
Joined: Jul 2010
Posts: 419
Likes: 0
From: CRJ
I looked this up a did a little light reading. As I am not a lawyer or business savy, I don't really fully understand. What it seems to me though is that the holding company that owned Mesaba didn't go bankrupt, just the Mesaba portion. However, in INCs case, wouldn't declaring ExpressJet bankrupt expose too much? I would have to think that Skywest Airlines would also be considered bankrupt. Maybe not Inc its self, but if all of our money, buisness decisions, aircraft etc come from Skywest Inc and ExpressJet has no real money or does not make business deals of its own, how can it be declared bankrupt without taking too much risk to Inc or Skywest airlines? Can you elaborate?
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