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Before age 65 became law, 99% of the guys I fly with at NW wanted to retire NLT 60. With about 95% of those wanting to leave NLT age 58.
Since age 65 BECAME LAW (Thanks again ALPA!!!) I have found at least 35-40% of the CAPTS I fly with NOW want to retire at 62 or later. |
Originally Posted by nw320driver
(Post 355223)
I see this deal being revised to one similar to Air France's and KLM's combination. They create a holding company and operate as separate carriers. The holding company will reap many of the benefits of a merger by coordinating routes, fares and financial operations. Under such a scenario, Delta and Northwest pilots would remain separate.
Air France and Delta Air Lines (NYSE: DAL) today signed a joint venture agreement to share revenues and costs on their trans-Atlantic routes. The deal will encompass combined revenues of approximately US$1.5 billion annually during the first phase of the operation and more than US$8 billion annually for the second phase. Ultimately, the joint venture is expected to increase revenues, competition and customer travel choices on key routes across the Atlantic. The first phase will begin April 2008 and will include all non-stop flights operated by Air France and Delta between Air France’s Paris-CDG, Orly, and Lyon hubs, and Delta’s Atlanta, New York – JFK, Cincinnati and Salt Lake City hubs. It will also include flights operated by both carriers between London-Heathrow and the US. A combined 19 daily flights and more than 4,500 seats per day – a 45% increase – are expected to be part of the first phase of implementation. By 2010, the agreement will be extended to all trans-Atlantic flights operated by Air France and Delta between Europe and the Mediterranean on one side and North America on the other side, as well as all flights between Los Angeles and Tahiti. |
Nice callsign! SCRWDbyMGMT. I like it.:D
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Originally Posted by Bucking Bar
(Post 355267)
Isn't this getting real close to what you are talking about?
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I think they are talking about how AF/KLM is one company with 2 workforces.I believe everything else has been combined.
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I agree with what you say. But as stated most guys were relying on a DB plan for retirement and that was it none have saved. I have run across that a lot here at DAL. Guys are miffed that their DB was taken from them. Now they do not have enough saving to retire and will go fly corporate at 65.
There are a few of us that always swim upstream. Planning for the worst and actually have been saving all along. Many have not. That is why it is my contention that even though they would prefer to play with the grandkids, golf, fish and drink beer, the first, second and third wife all disagree. I hope to god your correct that most will leave, but I would be that they will not. They may not stay to 65, put they will be here until at least 63. Either way if the tables were turned, would you take our word for it. I think not. |
Originally Posted by nw320driver
(Post 355281)
Exactly, It's not hard to see how this would tie in. Two big holding companies, one for Europe (AF & KLM) and one for North America (Delta & NWA), then when the time is right, EU, US laws, administrations, investment banks, unions they could merger. Truly world wide coverage. A side benefit, is they could whipsaw each group against the other, a management dream.
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Originally Posted by Justdoinmyjob
(Post 355319)
What does NWA CBA have to say about fragmentation? I believe that DAL's doesn't allow for the kind of hookup between AF/KLM. I could be wrong but I'll try to get an answer form the Contract Admin guys.
Our contract does not allow for it as written (I just checked), but then there are some exceptions and LOAs. Delta and Continental are allowed to do some flying under the code-share agreements with limits. I am sure a good lawyer could find some wiggle room, but I'm not a lawyer. With all the doom and gloom being put out in the papers, they could use this to their advantage. Just my thoughts on the another angle management might try to pursue. Kind of interim agreement, while in they keep working long term on a full merger. |
Originally Posted by nw320driver
(Post 355366)
Kind of interim agreement, while in they keep working long term on a full merger.
No disrespect to the old crustys out there.... |
Originally Posted by capncrunch
(Post 355410)
Might be the way to go. Operate separately for a while, get rid of some old crustys from NWA and bring things together when the two groups are closer in harmony with each other. Might be less of a headache...
No disrespect to the old crustys out there.... |
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