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Old 02-27-2019, 09:31 PM
  #11  
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Joined APC: Dec 2012
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Originally Posted by OpenClimb View Post
Actually, I think I’m wrong on this. We gave up profit sharing for industry leading Company 401k contributions in 2006/7. We gave up other stuff in LOA 67 in return for market rates if the Company was profitable. Our generosity knows no bounds and sometimes it’s hard to keep all of it straight.
No your correct we gave up profit sharing as part of LOA 67 in exchange for roughly 5 million. Payments were spread out over 3/4 years. Indigo threatened not to buy us if we didn’t give it up. So we were told. They said the same thing to the fa. In all fairness to Fapa at the time the seniority list with republic was done and it was a relative integration. LOA 67 wasn’t a hard sell. We needed indigo to buy us to undo that mess. FA didn’t have a relative seniority list to deal with.

Last edited by fcoolaiddrinker; 02-27-2019 at 09:50 PM.
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