AIP for review?
08-28-2012, 08:50 PM
#41
Gets Weekends Off
Joined APC: Feb 2011
Posts: 3,866
OTOH, The CAL/UAL merger will become a grad-school study in how badly you can mess up a merger by disrespecting labor, IT, aircraft maintenance, and the most important piece of all--the high value customer.
08-28-2012, 08:57 PM
#42
Gets Weekends Off
Joined APC: Jan 2007
Posts: 225
I thought it was $600M, paid upon a contract and an SLI, which is why it was done so fast and you haven't heard any complaints, to include another contract done six months prior to the amenable date.
OTOH, The CAL/UAL merger will become a grad-school study in how badly you can mess up a merger by disrespecting labor, IT, aircraft maintenance, and the most important piece of all--the high value customer.
OTOH, The CAL/UAL merger will become a grad-school study in how badly you can mess up a merger by disrespecting labor, IT, aircraft maintenance, and the most important piece of all--the high value customer.
Pull up the ladder MEC, you got yours!!!!!!!!!!!!!!
Same to you Joes that think the furloughed guys should get ZIP since its "Retro" or whatever the definition of is is.
Carpe Diem
08-30-2012, 07:11 PM
#43
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Joined APC: Mar 2008
Posts: 89
Okay, new MEC email says. . . .later, thanks to you-know-who. Back to picketing. If memory serves, in June (and long before), much of the same issues were unresolved. I don't see any progress, and there doesn't seem to be an end in sight. Various papers declared "United avoids strike with agreement with pilot's union" several weeks ago. I think that may have been as premature as announcement of the "AIP". Anybody have any good news, anything?
08-30-2012, 07:37 PM
#44
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Joined APC: Dec 2007
Position: Cal reserve..the gift that keeps on giving
Posts: 532
Okay, new MEC email says. . . .later, thanks to you-know-who. Back to picketing. If memory serves, in June (and long before), much of the same issues were unresolved. I don't see any progress, and there doesn't seem to be an end in sight. Various papers declared "United avoids strike with agreement with pilot's union" several weeks ago. I think that may have been as premature as announcement of the "AIP". Anybody have any good news, anything?
08-31-2012, 03:32 PM
#46
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Joined APC: Feb 2008
Posts: 2,539
The merger compensation was equity (stock) and was about 49.5 million shares of the "new" DAL. Divide that up among 12500 pilots and you get slightly less than 4000 shares each, and it was all deposited into the retirement plan. The total value of the pilot stock at issuance was about $600 million, or about $48K on average. The payout was broken into "seniority" and "per capita" buckets, so a guy on furlough would have gotten less than the average.
Good luck to you guys, but make sure you're comparing real apples.
09-01-2012, 06:54 AM
#47
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Joined APC: Mar 2008
Posts: 89
Whoa, I thought you were saying they don't have beer in HK. I'd hoped to see some resolution before I got "relationship downsized" as a consequence of having limited career potential (among other things) after having claimed that things were turning around. Too late.
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