Pretty sure the exact same way it was last time per the formula the economist worked up which will include compounding, a little interest, and an amount agreed to for a % for each year in the past. But, in my opinion it also looks like the co. might have padded it a bit more in order to get that IO approved as they were racking their brains on what to do with all the downed aircraft that ran out of green time or will lose green time since we lost those 8 lines to UAL. They basically bought and paid for the IO. The IO will more than make up for the cost of this contract, otherwise the company would have never agreed to it overnight from Fri night to Sat morning when the co. called the union back to talk some more and then the AIP was announced. Pretty sure Gary was briefed and he had to give the head nod back to Kinder to get it done.Any idea on how the 160 million is going to be divy up? Hours, years, etc...
Looks like Kinder is going to end up being the Hero and not the Zero. Wow! He's been here 30-45 days and HE gets it's done...