Mulva

This FroBro© is totally down with it. FAPAInvest, THE corporate entity whose sole responsibility it to manage the "investment" made by Frontier Airline pilots at a result of LOA67. The investment is contingent on the Company meeting a number of non-collectively bargained conditions associated with it (new COO, Airbus order, separation, etc.). Many with specific dates associated with meeting the condition.

The Company missed one and needed to remedy the breach. I guess the 3 guys running FAPAInvestLLC could have rolled over and just freely give the company more time to remedy. Instead, the savvy professionals that they are, they attached a financial value in exchange for additional time for the Company.

Kind of like when you refinance a house and have a 60 day lock on the interest rate. What happens when you haven't closed by day 61? You generally pay a fee to extend the rate lock period, right?

In all reality, there is a HUGE difference between FAPA and FAPAInvest. In order to support their case, IBT refuses to accept this fact.

Every one of the following items are FACTS:

FAPA is the former bargaining representative for F9 pilots.
FAPA negotiated LOA67 with the Company
LOA67 was not just a "give" (as in concessions). It was an "investment" by F9 pilots in Frontier Airlines.
LOA67 = Collectively bargained agreement
Commercial Agreement = Non-Collectively Bargained conditions

FAPAInvest is an entirely separate corporate entity than FAPA (comprised of 3 LLC members).
FAPA Invest has 2 duties:

(1) Determine how Company is to distribute investment returns (profit sharing, etc.) to individual Frontier pilots
(2) Ensure the Company is meeting it's obligations per the Commercial Agreement

Let's say, as part of the industry leading contract IBT357 will soon get for you, the Company agrees to pay out 10% of all quarterly profits into a Fidelity account set up for each RAH pilot. The Company agreed to do so via the collective bargaining process. So who is managing the investment? IBT? RAH? Fidelity? Is Fidelity an "alter-ego" of IBT?

You all want this to be so much more than it is. Mystery evidence? No. Smart business? Yes.

TillerEnvy

1. At least you admit you're sleeping with the enemy. Still shocks me that you trust those guys.

2. Let me forward you my PayPal info so every time you use FROBros, you can make a deposit in my account.

sticky

wow...just wow.

Mulva

wow what?.....

sticky

youre starting to believe your own bullsh**. guess we'll just have to see what the legal experts think.

tpt1

I guess I am a little confused. Isn't one of the underlying intentions of the Local 357 to basically stick it to RAH management and especially BB and WH?

If that's the case, why are you not applauding this development. RAH did not meet a deadline and broke a promise, a promise with real and tangible effects (with the weight of the law behind it). The effect was a payment of cold hard cash!

To me that seems to be sticking it to RAH and BB.

Mulva

We don't trust them. That is why, when we provided relief to the company via LOA67, it was not simply a "give" with zero guarantees. Frontier pilots gave, but in the form of an investment with various contractual considerations intended to insure the investment was sound. Just as I'm sure Airbus, GECAS, etc. did to protect the "investment" they also made.

Now that Frontier pilots are invested, the Company pretty damn well better meet their contractual obligations. We didn't just give for the sake of giving. We expect to get a return on this investment.

I was starting to have some hope for the RAHbros, but I'm back to assuming you vocal ones are just a bunch of IBT brain eating zombies who simply can not see things in any other light that what they are fed by the Union. It is comical.

ThrustMonkey

Pot....meet kettle

3662forlife

Speaking of comical this is what youre competition looks like Mulva. From one of youre zombies.

Mulva

wow...just wow.