slowplay

Your post is highly misleading. I do not defend Mullin, Reid, Burns et. al. I state clearly that I loathe those that were given a SERP by that regime. But lets look at what you say above. There were 84 people who earned non-qualified benefits under the non-contract retirement plans. Only 35 got SERPs. You posted the list below. Out of that list, I only recognize 3 names still here. That doesn't quite sit with what the original poster's Captain claimed to have heard about those that came through the bankruptcy process.

My statement that there was no separate management pension plan at Delta is true. The Senior Executive Retention Plan wasn't a pension plan. It was theft by Mullin and Board to protect Mullin's cronies.

TheManager

Not so fast there alfa. UALPA did not have the fortunate luck that DALPA did. Here at Delta we had Uncle Doug bidding on our airline as he was trying (another term for rooster) block the emerging deal with NWA. The good , the bad and the ugly of his actions were this.

Good...His bid significantly increased the value of the notes/claim. We got mo' $$$ because of this and this alone.

Bad...for him his bid failed. Good for us though.

Ugly...would have been lumped all up in the east/west mess.

Just wanted to make sure alfa that you included alllll the history in your version of events as well.

Later.

Hawaii50

I love Boeing stuff but they seem like one screwed up company lately. 757 line shut down, 787 fiasco, no new ideas for old 737s. Kind of sad IMO.

slowplay

The value of the Notes was fixed and had nothing to do with Parker. No luck there. Uncle Dougie's bid ended January 31, 2007. His (Airways)stock plummeted. Delta claims continued to trade above 50 cents on the dollar until bankruptcy exit. If it was all Dougie, how did that happen?

Just wanted to make sure Manager that you included alllll the history in your version of events as well.

reddog25

Actually, the contract NEVER expires. Under the RLA it is ammenable on Dec 31,2012. Wish it would expire. We could walk on Jan 1st if that was the case

iaflyer

You're right - I wasn't thinking. It would be nice to have a shiny new contract ready to go in 2013, but I think that's a bit unlikely.

Has there ever been a contract negotiation that resulted in a new contract when the old one was amendable?

When I was reading "Flying the Line" I *and* II, they were talking about how drawn out the negotiations were, and how it took a whole six months to get a new contract. That's lightening speed these days! I think Airtran took six years to get a new one.

tsquare

Boy.. and we all know how good Boeing is with THAT!..

Caveat: I am a BA shareholder, so I can badmouth them

alfaromeo

At least you agree with the statement that they will never recover the money that we did. The central assertion was that if we just went into bankruptcy with our full contract, then things would have turned out better. I pointed out that that did not happen in the case of United and at least you seem to agree with that.

The majority of our claim was sold AFTER Parker's bid was rejected by the UCC. I do think it's funny that when events turn against us, it's all ALPA's fault, but when we succeed it's only luck. In your book, there is no way for us to ever succeed. It wasn't luck that we got such a large claim, it wasn't luck that we gave pilots enough information that the bulk of them decided to pre-sell their claim, it wasn't luck that we purposely tried to help the company come out of bankruptcy with a positive story about rebuilding employee relations. We did all of those things with a single purpose and that was to add value to our bankruptcy claim and get money into pilots' hands sooner rather than later. Sometimes you make your luck.

BoyFromSouth

Does anybody have a good guess when the next AE might be coming out? Better yet, what might be on it.

Thanks

chuck416

I'm not trying to be an apologist for Boeing, but it's not like Airbus hasn't had their own issues lately....
>The A-380 cost overruns, and lost orders due to production delays. i.e. FedEx, UPS, to name two
>The unbelievable cost & delivery issues w/ the A-400 turbo-prop (billed as the C-130 replacement). Practically every European country has given up on this A/C EVER being delivered.
Both companies, when they're at "A" game face is on, deliver a good product. Our A-330s are $ making machines. Ditto for the 777 & 747-400. I'm glad that our management plays one manufacturer against another. Keeps them on their toes, and motivated to deliver a superior product!
Chuck