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03-17-2017 | 06:48 PM

#7311

PulledBreaker

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Joined: Apr 2016

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Looks like the FAs got an LOA on their concessionary equity plan. Cash payouts to those hired pre 2012.

03-17-2017 | 07:01 PM

#7312

chinookwinds

On Reserve

Joined: Apr 2011

Posts: 97

Likes: 5

Quote:

Originally Posted by PulledBreaker

Looks like the FAs got an LOA on their concessionary equity plan. Cash payouts to those hired pre 2012.

This is interesting..Although I think they had a “gray area” type investment agreement in place anyway, it would be interesting to see what they gave up for that. Did they get anything in return for negotiating this LOA, or is it just a simple return of investment on the concessionary gives, with no additional return on investment??
The bigger question is; why did their FA union negotiate anything prior to reaching an agreement on an amendable contract. I believe they have been in negotiations longer then the pilot group.

03-17-2017 | 09:34 PM

#7313

Aero1900

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Joined: Nov 2012

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From: 1900D CA

The Flight Attendants must have given back their equity to Indigo, right? Does anyone recall what percentage they had? How did it compare to the percentage the pilots have?

03-18-2017 | 02:33 AM

#7314

Mugatu

Line Holder

Joined: Mar 2016

Posts: 519

Likes: 25

Quote:

Originally Posted by Bolo

Of course you can! What you do on your time being on Reserve is your business and not companies. You will be in your uniform(most likely) when picketing, so bring your suitcase and IPad and leave it in the car or FALPA office.

Can a person picket while on duty? I don't know. Someone on reserve is on company duty. To me it's a grey area and it costs nothing to call ALPA just to make sure.

03-18-2017 | 05:01 AM

#7315

SpankysLadder

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Joined: Dec 2015

Posts: 71

Likes: 0

Quote:

Originally Posted by Mugatu

Can a person picket while on duty? I don't know. Someone on reserve is on company duty. To me it's a grey area and it costs nothing to call ALPA just to make sure.

I can understand the concern if you're on Probation. If not, then walk the line!

03-18-2017 | 05:22 AM

#7316

PulledBreaker

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Quote:

Originally Posted by Aero1900

The Flight Attendants must have given back their equity to Indigo, right? Does anyone recall what percentage they had? How did it compare to the percentage the pilots have?

I'm not sure on percentage, but they got 40 million cash in this buyout. At a 2 billion valuation, that is 2% equity. That would be my assumption.

I certainly see an IPO in our near future. This was indigo getting a cheap 2% bump at pre-IPO prices.