Its good to see the company finally taking care of the most important employee group on the premises. After all, the pilot group took the largest hits when the concessions came, more than any other group, and it's only fair they should reap the rewards invested.
Yeah, and as a result of the merger:
Highlights of the NEW Pilot Contract
24 month Furlough Protection - No pilot can be furloughed
Stronger Scope Language
5% pay increase on 1/1/09,
4% pay increase on 1/1/10,
4% pay increase on 1/1/11,
4% pay increase on 1/1/12,
Int'l pay for all pilots ($5.20 p/hr for Captains, $3.90 for F/Os)
Increased Profit Sharing
Per Diem increases
Reimbursement of real estate commissions in the event a base is closed within 24 months. Max; $35,000.00
Full pay sick leave hours increased from 240 to 300 hours on a rolling three-year basis
Seat on the Delta Board of Directors
Medical Insurance Retirement improvements
Additional 1% to Defined Contribution Plan (with increases in 2011 and 2012)
3.5 Equity in the merged Company
Delta Air Lines agrees to pay the Union's "costs and fees" incurred as a result of the merger.
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Yoo-Hoo? Hello? Ahhhh, anybody out there still listening to the "direct relationship"rhetoric?