BoeingBoy
Veteran
- Nov 9, 2003
- 16,512
- 5,865
Per documents filed with the BK court, "old" US will be down to 221 Airbus/Boeing aircraft by the end of Feb 2006 - nothing really new there. What is new, contrary to what was reported on this forum a few days ago, is the minimum fleet prospects.
The minimum fleet agreement for the "old" US side is as outlined in LOA 93 with a twist. During the first year following consummation of the merger agreement, the minimum fleet will be 80% of that listed by month in attachment B of the transition agreement (that's the twist).
One year after consummation of the merger agreement, a new minimum fleet count for "old" US will be establish as the lesser of 279 or 10% less than the total number of Boeing/Airbus aircraft operated by "old" US at that time (that's from LOA 93)
For the AWA side, a new minimum fleet count will be established one year after consummation of the merger, being the lesser of 140 or 10% less than the total number of Boeing/Airbus aircraft operated by AWA at that time (I have no idea what their contract called for before the transition agreement).
Combining these, the overall minimum fleet will be the lesser of 419 or 10% less than operated one year after consumation of the merger agreement.
Without going into the monthly numbers, the one year point looks like this according to the fleet plan filed with the BK court:
"Old" US side - 221 (no change after Feb 2006)
AWA side - 150 (net gain of 7 from Aug 31 2005)
Total operated at one year point - 371
Total minimum fleet commitment at one year point - 334 ("old" US - 199, AWA - 135)
If you want to look at the monthly numbers, the ALPA transition agreement with the fleet plan is here.
Jim
The minimum fleet agreement for the "old" US side is as outlined in LOA 93 with a twist. During the first year following consummation of the merger agreement, the minimum fleet will be 80% of that listed by month in attachment B of the transition agreement (that's the twist).
One year after consummation of the merger agreement, a new minimum fleet count for "old" US will be establish as the lesser of 279 or 10% less than the total number of Boeing/Airbus aircraft operated by "old" US at that time (that's from LOA 93)
For the AWA side, a new minimum fleet count will be established one year after consummation of the merger, being the lesser of 140 or 10% less than the total number of Boeing/Airbus aircraft operated by AWA at that time (I have no idea what their contract called for before the transition agreement).
Combining these, the overall minimum fleet will be the lesser of 419 or 10% less than operated one year after consumation of the merger agreement.
Without going into the monthly numbers, the one year point looks like this according to the fleet plan filed with the BK court:
"Old" US side - 221 (no change after Feb 2006)
AWA side - 150 (net gain of 7 from Aug 31 2005)
Total operated at one year point - 371
Total minimum fleet commitment at one year point - 334 ("old" US - 199, AWA - 135)
If you want to look at the monthly numbers, the ALPA transition agreement with the fleet plan is here.
Jim