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07-14-2020 | 07:06 AM

#41

JoePatroni

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Joined: May 2009

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Quote:

Originally Posted by KonaJoe

Fair enough, but an option to come back doesn't seem that wild considering if BK courts tossed it, nobody would ever take an early out again.

Im guessing it would take close to two years to get to that point.

07-14-2020 | 07:08 AM

#42

FlyPurdue

Line Holder

Joined: May 2009

Posts: 516

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From: 756

I know it is 'this week' but does anyone know when these are to be voted on?

07-14-2020 | 07:51 AM

#43

exalhoa

On Reserve

Joined: Dec 2016

Posts: 15

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I emailed my reps over the weekend to advocate for a DAL style agreement with a wider age range vs a hard cap like 62. I told them I'm 61 in Sept and ready to walk. I was told that unfortunately I will be "too young" to participate. So I would expect 62.

I'm a 97 hire and just over 5000 seniority FWIW.

07-14-2020 | 12:20 PM

#44

DashTrash

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Joined: Mar 2006

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From: SFO Guppy CA

One of my friends from DAL sent me their FAQ regarding their early out program. In that FAQ it mentioned that there is no bankruptcy protection, but the trustee cannot single out a particular segment (i.e. retirees). FWIW

07-14-2020 | 12:24 PM

#45

DashTrash

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Joined: Mar 2006

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From: SFO Guppy CA

Quote:

Originally Posted by FlyPurdue

I know it is 'this week' but does anyone know when these are to be voted on?

The MEC will vote sometime this week, and then if they pass it, they'll release the details and pilots can sign up for it. They have not said a timeline other than this week though.

07-14-2020 | 12:29 PM

#46

dumpcheck

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Joined: Oct 2010

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Expect to be underwhelmed, and then you won’t be disappointed.

07-14-2020 | 01:12 PM

#47

KonaJoe

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Joined: Jun 2019

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From: Guppy.

Quote:

Originally Posted by dumpcheck

Expect to be underwhelmed, and then you won’t be disappointed.

That's good life philosophy in general.

07-14-2020 | 01:19 PM

#48

O2pilot

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Joined: Apr 2015

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Quote:

Originally Posted by DashTrash

There is no BK protection at Delta because theirs is self-funded. I’m guessing if we get one that is exclusive of BK, that the cash will be placed in trust (ie spent). How you’d know we did this is if we report a special expense on our earnings this quarter for early retirements. That means we spent the money and its gone, so it can’t be undone in BK.