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Airline Pilot Central Forums (https://www.airlinepilotforums.com/)
-   Mergers and Acquisitions (https://www.airlinepilotforums.com/mergers-acquisitions/)
-   -   Done Deal? (https://www.airlinepilotforums.com/mergers-acquisitions/25148-done-deal.html)

Check Essential 04-15-2008 08:59 AM
[quote=flyguy1012;364347]
Originally Posted by hiflyer (Post 363839)
"Furlough protection—with certain exceptions, no pilot may be furloughed as a result of the merger for a period from merger announcement until 24 months after the close of the merger".
What does "with certain exceptions" means. Who is the exception exactly?
The usual stuff = force majeure.
War, natural disaster, strikes, grounding of an entire fleet by the FAA, etc. etc.

tsquare 04-15-2008 09:23 AM
[quote=flyguy1012;364347]
Originally Posted by hiflyer (Post 363839)
"Furlough protection—with certain exceptions, no pilot may be furloughed as a result of the merger for a period from merger announcement until 24 months after the close of the merger".

What does "with certain exceptions" means. Who is the exception exactly?

That what the lawyers tell them to say so that they cannot be sued for saying "there won't be any furloughs" in the event there are...

Raging white 04-15-2008 11:29 AM
Originally Posted by atpcliff (Post 363819)
Hi!

Another poster said $80K per DAL pilot.

cliff
GRB
How does that work? Based on seniority/pay, or does everyone get the same amount?

rvr350 04-15-2008 03:04 PM
I thought the equity is just DAL stock distributed among the ranks. Correct me if i'm wrong. I don't think it's a payout like the pension bailout during BK.

DYNASTY HVY 04-15-2008 08:09 PM
wise crack alert !
 
Originally Posted by Slice (Post 363789)
Furlough protection—with certain exceptions, no pilot may be furloughed as a result of the merger for a period from merger announcement until 24 months after the close of the merger.

Does that include guys still on probation?
So the furloughs would begin after the 24 months?wow what a deal !:eek:

DAL4EVER 04-15-2008 08:19 PM
Originally Posted by DYNASTY HVY (Post 365096)
So the furloughs would begin after the 24 months?wow what a deal !:eek:
No. DAL is doubling the 777 fleet by next year. That means they need 400 additional pilots just for that. For every 10 777s you can add roughly 400 pilots. They are also getting more 737s and 757s. NWA is getting the 787. There will be a requirement for more pilots. And BTW, what furlough protection do you have at your airline that's ironclad?

DYNASTY HVY 04-15-2008 08:29 PM
Originally Posted by DAL4EVER (Post 365107)
No. DAL is doubling the 777 fleet by next year. That means they need 400 additional pilots just for that. For every 10 777s you can add roughly 400 pilots. They are also getting more 737s and 757s. NWA is getting the 787. There will be a requirement for more pilots. And BTW, what furlough protection do you have at your airline that's ironclad?
None! but then again I haul boxes :eek:and I hope this works out ,time will tell in the long run.
Hope it doesnt turn into another AWA/USAir deal.


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