bonvoyage

It looks like the new pay rates are going to be VERY close to matching JetBlues rates

SkyBound707

Jetblue old rates or Jetblue new rates?

Anonymousyellow

Surely new rates, old rates are lower than breeze current rates

bluespoon

JB old rates are still higher than current Breeze rates sadly, although pretty close.

I was inverted

By 8/1/2023 your 220 rates will be very close to $316.51, 6 year at $300? I’ll believe it when I see it. But I’d be a lot more concerned about 4% 401k. That in and of itself has “not a career airline” written all over it. I’d vote no to any rate increases (that they need for attrition and attraction of pilots) unless they fix stuff that you need as well. Good luck.

bonvoyage

No pilot here is on top pay, cadre are on the highest longevity pay year, followed by Legacy Ejet pilots, who are on year 4 A220 pay. Year 1 A220 pay will not start at $316 per hour, no. The top scale will stretch over $300. E190 pay will also closely match JB rates.

Couldn’t agree more on the 401k. They company is exploring ways to remove the pilot group from the rest of the employees, which would allow for us to have differing 401k plans (DC %). It’s all a work in progress.

Swapapotamoose

Do y’all remember TP’s regional + pitch?? If the new rates are anything close to JB’s new TA, this whole allegiant regional + thing has being thrown out and they’re accepting reality.

Anonymousyellow

Aren't these JetBlue's old rates? They're lower than Breezes current rate

symbian simian

The posted JB rates are higher than the posted Breeze rates. Updating on APC is bot fast... What are the current Breeze rates?

JayRalstonSmith

Looks like David may have some legal troubles coming…

2 minute readMarch 10, 20231:40 PM ESTLast Updated a day ago

Former owner of Portugal's TAP denies overpaying for Airbus planes

ReutersLISBON, March 10 (Reuters) - A former owner of Portugal's flag carrier TAP, David Neeleman, denied on Friday making a deal in 2015 to overpay for Airbus planes after prosecutors said last month they were investigating the complex leasing deal, as well as suggestions he had bought TAP shares with company money.

In an opinion article in the Portuguese newspaper Expresso, the American-Brazilian aviation tycoon wrote that it had been crucial to replace a leasing contract of 12 Airbus A350s with an order for 53 NEO-series aircraft to drag TAP out of near-bankruptcy when he took over.

"It is also completely absurd to say that TAP shares were bought with Airbus funds or with TAP's future cash flows," he wrote, adding that TAP exclusively used the $226 million from Airbus in ancillary benefits to pay salaries and for its cash needs.

Sources told Reuters last month investigators were looking into Airbus' possible illegal financing of the TAP acquisition, in a new probe into the plane maker's business dealings following a record $4 billion corruption settlement with French, British and U.S. authorities in 2020.


The 2015 deal under investigation dates back to when TAP, now again fully state-owned, had just been privatised, passing control to the Atlantic Gateway venture between Neeleman and Portuguese entrepreneur Humberto Pedrosa.

Neeleman said it "was also not true" that TAP acquired the NEO planes above market prices, citing independent assessments carried out at the time, and argued that the airline simply could not afford the larger, less efficient A350s and would have gone bankrupt without the new deal.



He said Atlantic Gateway had also injected its own funds into TAP and arranged a 90 million euro ($96.04 million) loan from Azul, the Brazilian airline that Neeleman founded, "on very favorable terms for TAP", saving TAP from immediate insolvency.

Portugal in 2020 bought Neeleman's stake in TAP, which is under a 3.2 billion euro Brussels-approved bailout. The government is considering an outright or partial sale of the airline, with Lufthansa, Air France-KLM and British Airways owner IAG expected as potential buyers.

($1 = 0.9371 euros)