121again

That does not look like a serious proposal it almost looks like they're just throwing this out there to see if you guys will bite. When they implement the real plan they'll say "but we gave you a choice!". I'm betting they are prepping you to be sold off or merged and this is nothing more than smoke and mirrors to distract you from the real agenda.

PilotJ3

Considering the last proposal was considerably better because would not affect any pilot in property. Yeah a Z scale was better than this PSA ****...

If this is the real one my reps will be hearing from me so they can stop it from the top.

pagey

Pretty much identical to ours.

Hope you guys can vote it down.

Good luck.

snippercr

Does anyone know what PSA's current 401k plan is? Here is what is listed for them on APC

401k 100% matching:
yrs 1-5: 2.5%
yrs 5-7: 4.0%
yrs 7-10: 6.5%
yrs 10> 9.5%

But I am not sure if it is current with their back-stabbing concessions-for-jets new contract.

pagey

That's all current.

lakehouse

That's not true at all. It had some hefty amendment round cuts.

bretthull

IF this turns out to be true then write your reps. Let them how you feel. It's pretty much all we can do.

Feng

That's actually pretty good.

PilotJ3

That's right, Pinnacle style. I remember now, sorry.

A good question is, have they (New AA management) ever read our contract???? I think they have read other companies, not ours.

PilotJ3

Here it is...

December 20, 2013

Message from the Chairman


Fellow Eagle Pilots:

Yesterday we received a formal proposal from Eagle Management regarding the placement of large RJs on our property in exchange for additional concessions to achieve the company’s structure objectives. The proposal is extensive and touches a number of sections in our collective bargaining agreement. We briefed the MEC immediately following the meeting and engaged in a very spirited debate on the merits of the proposed changes. The MEC debate on a response will continue up through our meeting on January 2nd when the MEC will determine how to respond to Eagle management. To allow you the opportunity to advise your LEC representatives, the following is a general summary of their offer:

Potential Upside

The company would agree to increase the "metering" commitment under the existing 824 agreement from 20 to 30 beginning in September 2014. They would still send 20 per month or 50% of the AA new hire classes until then (subject to metering and ALPA’s grievance)

They would increase the percentage of new hire obligations under the "protected pilot" agreement to 50% from the current 35% and send a minimum of 30 per month if AA hires 60 or more that month.

The amended terms of the protected pilot agreement would be extended to all pilots hired after October 11, 2011 and to any Eagle new hires.

Downside

The agreement would extend until 2024 with little opportunity to amend it.

We would have to transition to a compensation model that incorporates wage caps for Captains at 12 years and 4 years for First Officers very similar to what the pilots at PSA recently agreed to. The transition would occur over roughly a four-year period.

Per diem would be reduced by $.20 on the date of signing with some incremental increases.

The employee contribution for medical coverage would increase by 5% in about a year.

We would accrue vacation at a slightly different rate and would lose the fifth week altogether.

Allow the company to train crews on the EMB 175 months before we receive it and then return them to their previous equipment until the deliveries begin.

We would adopt a 401k plan and sick accrual system that mirrors the current PSA contract.

Our current profit sharing plan would be suspended.

The proposal only guarantees a fleet of 60 aircraft


We plan to post the details of PSA's provisions on the Eagle ALPA website as well as a contract comparison of other regional airlines that are more similar to our operation.

The company indicated to us that, without what they consider to be a cost competitive agreement, they will place the aircraft with a competing carrier and we would become "Comair II".

It's important to be patient while the MEC digests the offer and determines how best to respond to management. It is equally important that you engage your LEC representatives to provide the perspective they will need to make that determination. There are many moving pieces in a process like this, so the details are likely to change. While the MEC has committed to working in an expedient manner, if there is an agreement with the company, it will be subject to pilot ratification.

I'll keep you updated as we proceed toward a response.

Fly safe.

MEC Chairman