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Spirt filed for Chapter 11 again

Old 12-30-2025 | 07:08 PM
  #711  
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Originally Posted by Noisecanceller
  1. General definition
    A concession is something you give up, allow, or agree to—often reluctantly—in order to reach an agreement or avoid conflict.

Leaving a 12 yr Ca position to be a first year Fo witch a much worse pay and schedule no matter how temporary would by definition be a concession.
thank you very much .
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Old 12-31-2025 | 09:07 AM
  #712  
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Originally Posted by FriendlyPilot
The question is will the 363 sale be large enough that one acquirer buys enough assets to be forced to take all the employees or will the creditors just want an auction sale of assets to maximize their return?
I'm pretty sure that you are *never* required to take any employees in 363... that's the whole point, it's a BK mechanism.

If somebody buys a big chunk of planes and gates, would they maybe want the employees too so as to continue operations? Possibly, but that's their choice.

Also, when push comes to shove union contract provisions do not supersede bankruptcy proceedings.
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Old 12-31-2025 | 09:10 AM
  #713  
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Originally Posted by Noisecanceller
  1. General definition
    A concession is something you give up, allow, or agree to—often reluctantly—in order to reach an agreement or avoid conflict.

Leaving a 12 yr Ca position to be a first year Fo witch a much worse pay and schedule no matter how temporary would by definition be a concession.
No I don't think leaving is a "concession".

A "concession" is in the context of an agreement, transaction, or relationship. Leaving removes you from all of that.
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Old 12-31-2025 | 10:56 AM
  #714  
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Originally Posted by Chimpy
I was pretty lazy at NK and though true for first year, I'l make 2nd year what I made as a 12 Year CA before I left, and most certainly more than I would have with the Jan 1 Concessionary new pay rate. The only major concession is being an F/O to some pretty inexperienced CAs but that's more of an Ego thing than anything else, lol. So yes, the first 12 months were tough financially but the schedule I have now is superior to anything I ever had at NK, I'm sure mostly because I was ACY Based.

So for any NK CAs that are stuck on RSV or have a 75-85hr line, you can absolutely make what you're making as a 2nd year F/O. The one thing that obviously helps this is living in base.

Also don't forget things like 18% DC and Profit Sharing which I think this year is something like a months pay.

ONE LAST THING. The 737 is a Huge Concession, lol.
Im not arguing your point because it’s well known that you can but I hate the comparison highlighted. It leaves out the other part of the equation which is a much bigger part of the equation for me. Time. I left a job years ago that paid better than I still make today as a captain. I didn’t leave for the money. I left for the time.
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Old 12-31-2025 | 10:59 AM
  #715  
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Originally Posted by FlyFlorida2025
Spirit is about to pivot to a strategic transaction at a premium price and pilots are going to get their $280 million when the airline is sold. Spirit is not liquidating and never was. The question now is who is going to pay the most to acquire them. Will it be Southwest like I have been saying or will it be Frontier, Alaska, or American? My bet is still on Southwest. To all the gloom and doomers that have been spreading FUD for the last 4 months you are about to be proven wrong.
If it is SW, I promise not to complain like the AirTran group did after their windfall. Just get me in the list.
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Old 12-31-2025 | 11:00 AM
  #716  
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[QUOTE=Chimpy;3987055]I was pretty lazy at NK and though true for first year, I'l make 2nd year what I made as a 12 Year CA before I left, and most certainly more than I would have with the Jan 1 Concessionary new pay rate. The only major concession is being an F/O to some pretty inexperienced CAs but that's more of an Ego thing than anything else, lol. So yes, the first 12 months were tough financially but the schedule I have now is superior to anything I ever had at NK, I'm sure mostly because I was ACY Based.

Let’s hope the chickens don’t come home to roost again as they did a couple of years ago. The flying public needs to get a load of this statement. Woowzers.
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Old 12-31-2025 | 11:29 AM
  #717  
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Originally Posted by Stayontarget
Im not arguing your point because it’s well known that you can but I hate the comparison highlighted. It leaves out the other part of the equation which is a much bigger part of the equation for me. Time. I left a job years ago that paid better than I still make today as a captain. I didn’t leave for the money. I left for the time.
There are plenty of ways to get quality of life over pay at the big 4.
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Old 12-31-2025 | 12:24 PM
  #718  
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Originally Posted by LongHornFlyer
Nobody believes you. Just stop…
Ehhhhhhhhh ok????
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Old 12-31-2025 | 12:32 PM
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Originally Posted by LongHornFlyer
Nobody believes you. Just stop…
I’ve known Chimpy since before he went to NK…and he’s telling the 100% truth.
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Old 12-31-2025 | 12:51 PM
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Originally Posted by Stayontarget
Im not arguing your point because it’s well known that you can but I hate the comparison highlighted. It leaves out the other part of the equation which is a much bigger part of the equation for me. Time. I left a job years ago that paid better than I still make today as a captain. I didn’t leave for the money. I left for the time.
Yeah, I hear ya. Can't argue that. Definitely can't have a lot of time off and make a lot a money the first year or two but beyond that I think it's pretty doable. I only point these things out because for years I buried my head in the sand thinking everyone at DAL/AA/UAL/SWA was lying or stretching the truth and leaving NK would be the hardest thing in the world (both QOL & Financially. ) and it just wasn't that bad
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