CAL Reduction Bid
05-28-2008 | 09:02 PM
#101
Line Holder
Joined: Jan 2006
Posts: 30
Likes: 0
From: 756 FO
I agree with reCAL, I am one of the many, many post 2005 guys and will not settle for anything less than what we deserve. Threats of Furlough are inevitable, but remember that even if it comes true, it is temporary. Remember, we were about to continue the huge retirements here. This added 5 years is just a POTENTIAL 5 years for everyone. Can you imagine a junior 59 year old 737 captain flying those type of schedules for another POTENTIAL 5 years. No way...at most I see the worst case scenario as being another 1-2 years of stagnation and hiring/movement will continue full steam just as it has been. Therefore, we cannot let ourselves to be locked in to a sub-par contract.
05-29-2008 | 05:45 AM
#102
On Reserve
Joined: Aug 2007
Posts: 22
Likes: 0
Any Pilot out there who is approaching 60 and has an A-Fund...should be taking the money and running. In todays market a company could file bankruptcy and its all gone. As many have said...most of this is contract scare tactics and many will cave in to the rumor mill. Stand firm...if you want improvement! See you all in IAH on 11 Jun.
05-29-2008 | 12:59 PM
#103
Gets Weekends Off
Joined: Apr 2007
Posts: 880
Likes: 0
I personally have flown with 5 60 guys, (2 from training) and all are punching soon for the same thing you mention Legacy. One training guy told me that they expect over 200 age 60 guys to punch with the ealry outs and/or this year.
05-29-2008 | 01:11 PM
#104
Gets Weekends Off
Joined: Oct 2005
Posts: 329
Likes: 0
From: Capt. B737
Just wondering aloud, but since we are in negotiations, the furlough leverage only threatens the bottom half of the list, could they,(management), use the "A" plan as some sort of leverage..........say, for scope relaxaton??? Does a company have to be in bankruptcy to de-value the A plan in any way? I know a furlough affects the whole airline.....but the company is always looking for leverage.......that, I'm sure of. 
05-29-2008 | 01:20 PM
#105
Gets Weekends Off
Joined: Jan 2006
Posts: 423
Likes: 0
From: 737/FO
So the question is - if the company "expects" 200 age 60ish guys to leave, is the number of 200 furloughs we've been hearing about in addition to that number, for a total of 400 or so??? That would match better to the net parking of 50 or so airplanes that also seems to be kicking around, i.e., all the 300's.
05-29-2008 | 02:51 PM
#107
Gets Weekends Off
Joined: Feb 2007
Posts: 102
Likes: 0
From: B737 Captain
Just wondering aloud, but since we are in negotiations, the furlough leverage only threatens the bottom half of the list, could they,(management), use the "A" plan as some sort of leverage..........say, for scope relaxaton??? Does a company have to be in bankruptcy to de-value the A plan in any way? I know a furlough affects the whole airline.....but the company is always looking for leverage.......that, I'm sure of.
My understanding is that only a bankruptcy judge can dissolve the defined benefit plan (A plan). It can be modified (ie. frozen, removal of the lump sum) but not dissolved.
05-29-2008 | 03:58 PM
#108
Gets Weekends Off
Joined: Apr 2007
Posts: 880
Likes: 0
Best answer I have seen Otto but what the same mill is propagating is the retirementsand COLAs should cover the 200 pilot surplus by this Fall. Training is still telling the pool guys that they are to train this Fall or by the New Year. Just passing the trash here....
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