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Old 07-14-2022, 10:09 AM
  #101  
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Originally Posted by Lewbronski View Post
Thanks Rickair. So, on the Ch 11 side of the equation, it’s much more difficult to enter bankruptcy and thereby trash collective bargaining agreements, and on the pension side, even if the corporation is able to enter chapter 11 and get rid of its CBA’s, it’s much more likely that pensions would remain intact because of the Pension Protection Act of 2006.

Does that sound like an accurate summation of how the situation has changed since the big airline bankruptcies of the mid-2000’s?
It’s really no more difficult to enter bankruptcy. What is more difficult is for the management regime going into bankruptcy to maintain control after the bankruptcy, hence more reluctance on the part of management to go that route.
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Old 07-14-2022, 11:06 AM
  #102  
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You didn't need to be Stevie Wonder to see this coming.
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Old 07-14-2022, 11:23 AM
  #103  
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Originally Posted by Lewbronski View Post
Thanks Rickair. So, on the Ch 11 side of the equation, it’s much more difficult to enter bankruptcy and thereby trash collective bargaining agreements, and on the pension side, even if the corporation is able to enter chapter 11 and get rid of its CBA’s, it’s much more likely that pensions would remain intact because of the Pension Protection Act of 2006.

Does that sound like an accurate summation of how the situation has changed since the big airline bankruptcies of the mid-2000’s?
Most people don't understand the difference between how pension funding works and how the funding levels are calculated under ERISA. The two are only vaguely related, and ERISA funding levels bear little relation to the ability of a plan to pay out.

If interest rates go higher, you'll see a renewed interest from companies in DB plans again.
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Old 07-15-2022, 07:32 AM
  #104  
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Originally Posted by tunes View Post
Sounds like you guys need to clean house with a bunch of recalls


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More than recalls. The current MEC, LEC, and NC need to be shunned by all for the remainder of their careers. No pollite conversation, dinner, etc. Checklist only. No jumpseats, etc. Treat them like other union pariahs are treated. The punishment needs to be so severe no other rep will ever repeat this.
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Old 07-15-2022, 07:54 AM
  #105  
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Originally Posted by rottenmutt View Post
More than recalls. The current MEC, LEC, and NC need to be shunned by all for the remainder of their careers. No pollite conversation, dinner, etc. Checklist only. No jumpseats, etc. Treat them like other union pariahs are treated. The punishment needs to be so severe no other rep will ever repeat this.
I bet you're not fun to fly with.
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Old 07-15-2022, 08:38 AM
  #106  
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Originally Posted by Agent62 View Post
I bet you're not fun to fly with.
Why? He not wrong.

He damn blanking right to put it bluntly.

Originally Posted by rottenmutt View Post
More than recalls. The current MEC, LEC, and NC need to be shunned by all for the remainder of their careers. No pollite conversation, dinner, etc. Checklist only. No jumpseats, etc. Treat them like other union pariahs are treated. The punishment needs to be so severe no other rep will ever repeat this.
Louder for those in the back!!
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Old 07-15-2022, 09:39 AM
  #107  
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Originally Posted by Lewbronski View Post
Thanks Rickair. So, on the Ch 11 side of the equation, it’s much more difficult to enter bankruptcy and thereby trash collective bargaining agreements, and on the pension side, even if the corporation is able to enter chapter 11 and get rid of its CBA’s, it’s much more likely that pensions would remain intact because of the Pension Protection Act of 2006.

Does that sound like an accurate summation of how the situation has changed since the big airline bankruptcies of the mid-2000’s?
Yeah, except that I wouldn't say it's more *difficult* to enter Ch.11, just that's it's far more dangerous for management job security. They lose control at that point and only still have jobs (and an airline) if court and creditors allow it. In the past they stayed much more in the drivers seat of the process, and thus it was commonly used (abused) as a convenience to enrich management at the expense of creditors, employees, and shareholders. No more BK drive-through.
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Old 07-15-2022, 10:45 AM
  #108  
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Originally Posted by BurritoBeach View Post
Just received the email. What in the actual hell is going on in Rosemont?!?!
Panic that they know this pile will fail by at least 80%. ALPA sold us out on this steamer and the recalls are coming. I say don't stop.at our local councils but take it right up to ALPA National as well. Worthless out of touch boys club enriching themselves on our backs. Enough is enough TIME TO CLEAN HOUSE!
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Old 07-15-2022, 10:56 AM
  #109  
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Default Sad state of affairs

When you feel your CEO is more plugged into the pilots expectations than your own union it doesn't get anymore distressing and sad than that.
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Old 07-16-2022, 09:10 AM
  #110  
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Originally Posted by TodKindrsChikun View Post
You’re either management or Glenn Johnson. All in the same if you ask me.
Everyone who doesn't view this current process in the same light is management? God forbid I can have a different and more rational (IMO) view than you while still having the same end opinion. That's the theme of most of these threads about the TA: anyone who has a more measured approach vs. scorched earth is the enemy and not your fellow 23+ year dues-paying line pilot. Just like our politics these days where anyone even expressing a middle ground is demonized.

Oh, and I have plenty of hair, too.
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