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Brilliant strategy.Parker needs to pony up some cash incentive for this deal. I don't see a retro parity check mentioned or a separate signing bonus from USAirways, inc.......
AA's BOD will be meeting at the end of this month to decide on the merger. If it is a 'yes' then a NO vote from the USAPA pilots puts enormous pressure on all parties to sweeten the deal. USAPA just has to have the balls to threaten legal action to enforce CoC.
And if the BOD says 'no' to the merger during BK, then our vote is moot anyway.
Just like buying a car at the dealer...you gotta be willing to walk away from the deal to get the best deal.
Cheers.
So you think that legal action has some influence on decision making?Parker needs to pony up some cash incentive for this deal. I don't see a retro parity check mentioned or a separate signing bonus from USAirways, inc.......
AA's BOD will be meeting at the end of this month to decide on the merger. If it is a 'yes' then a NO vote from the USAPA pilots puts enormous pressure on all parties to sweeten the deal. USAPA just has to have the balls to threaten legal action to enforce CoC.
And if the BOD says 'no' to the merger during BK, then our vote is moot anyway.
Just like buying a car at the dealer...you gotta be willing to walk away from the deal to get the best deal.
Cheers.
My equity share in LCC after B2 was two $35 million payments. I got my part. That is what we negotiated and I got my checks. APA negotiated a greater share of a bigger company with larger assets. So be it. Also, the signing bonus WE are getting is payment for the $120 million the company is having to pump into the APA retirement to make it whole so it may be frozen. Our NAC wanted a share of that...and they got it. $40 million in advance, in the form of a signing bonus. Driver...
Interesting perspective. I didn't get that impression from the roadshow, but I would like to hear what it was that made you feel that way. Maybe I missed something.
I thought that the safety issue with unions was directly tied with those that have the experience over those that don't.DOH isn't subordination. Rather, expecting newhires to go ahead of company veterans is a form of insubordination.
It's a timing issue. No one wants it to be tied up in court. Yes, there are billions of $$ involved, and more to be made with a viable, competitive, and larger AA that is sized to go up against DAL and UAL. The investors and management know the value of the union, but are trying to buy our cooperation for the lowest cost.So you think that legal action has some influence on decision making?
The west has threatened and filed legal action. You east pilots don't seem to fear that much. Why would the players of a multi billion deal fear a tiny about to be dissolved union?
My reservations about this MOU, having attended the roadshow and read the MOU several times, in very general terms (which keeps it simple) is that we place ourselves in a subordinate position relative to our prospective co-workers in the APA.
I don't wish to be greedy or unrealistic, but equal treatment in this merger should have been an absolute minimal threshold of acceptability. It is a goal both reasonable and achievable.
Maybe the union should have told the other parties 'we've been kept waiting and in the dark, so forget about a cram session over the holidays. Let's sit down and talk in January'. Then they should have hung up the phone.
I don't wish to be greedy or unrealistic, but equal treatment in this merger should have been an absolute minimal threshold of acceptability. It is a goal both reasonable and achievable.
....a tiny about to be dissolved union?
I attended the meeting yesterday and encourage others to do the same. First off, it is so easy to strike out at our union and those whom work hard within it. So I'd like ot begin by simply recognise the massive amount of hard work put forth by those involved and simply thank them for there efforts. That is the very least each of us can do, and we should.
That doesn't mean that I agree with them. The presentation yesterday focused on the uncertainty of the east LPPs influence on the negotiations, and thusly, "this is the best that we can possibly do". And if we were to rely more heavily on the LPPs, we could be in for a substantial wait, and somehow disadvantage ourselves in the combining of the lists. I couldn't disagree more with this assessment. The creditors funding this thing, ladies and gentleman, will be the ones to determine the risk where it concerns our LPP provisions-not the courts. A lender/investor faced with funding something such as this would have to consider the impact of breaching our change in control protections. If the creditors believe that our LPPs are a factor, than this will never make it to the courts-because there will be no deal. Mr. Parker knows this. With that in mind, why then would we surrender those for a contract that is below industry standard, concessionary in some respects, and removes our ability to say "no" if we are treated unfairly in the combining of the list? Further, as everyone knows, the Mc Caskill Amendment is a process in which, if we don't come to an agreement, will result in a federally mediated binding list. So why wait until after we agree to a contract before we put the list together? You don't know what you are voting on until you know about where you'll be after the list is put together. So lets not surrender our leverage prior to knowing what we are getting!
The health care cost for families is going way up. For me, that means much of the gains I get over the next couple of years are meaningfully diminished. All and all, for a F/O who is admittedly cynical, there just isn't enough here to meet the needs of my family and future.
The NAC gave us the best sales job they could yesterday and I'm sorry, I'm just not moved.
All the best....
But maybe by then the back pay will be arriving in the mail.
Oooohhhh, ahhhhh. Wow.
Is it realistic for a USAirways pilot to get paid for concessions made by an American pilot?