Zone5:As much as I would like to agree with you that the "Merger" is not going to happen, stop and think about this event. There has never been an airline bankruptcy, where the pilots did not come to a negotiated agreement prior to exiting bankruptcy, ever.
Make that at least three of us here that see no huge game changer within this recent development.
Kudos to the APA folks for working the sad situation pretty well so far.
May be a game changer in the attitude of the pilots at AA,(provide retirement benefits for its pilot employees and their beneficiaries; and
WHEREAS, the Company and the Association wish to freeze instead of terminate the Pilot DB
Plan; and Dated Proposal June 25, 2012
Hourly Rates – aligned effective dates of base pay rate and per diem increases with start
of contractual month.
A319 Pay Protection – clarified that pay protection only applies to active pilots on
payroll effective Date of Signing.
Profit Sharing – modified document to reflect a flat five percent (5%) in Profit Sharing,
and eliminated the table.
Work Rules – clarified Lineholder Projection metric to only count May through August of
each calendar year as the measurement period
Work Rules – removed modified definition of Credited Projection (PROJ) to reflect
current book.
Work Rules – modified Daily Standard rate to 2:45 / day for known absences
Sick Leave – due to complexities of implementing split bank system mid-year, modified
language to reflect split bank start on January 1, 2013.
Pension – inserted Pension Letter reference as Attachment E.
Supplement CC – added the words “changes or” in front of closure on second line as a
result of an APA edit.
Sequence Protection – removed placeholder language from headers (i.e. Move to
Section ...). Also, deleted some contractual references due to uncertainty of contract
rewriting.
Ratification – aligned Paragraph A to conform with agreed upon MOU by adding
approval of Bankruptcy Court as one of the contingencies.
Simplified the Industry Comparable Pay Rates and added clarifying examples.
Settlement Consideration of Bankruptcy Protection letter replaced with updated
language.
Added new Attachment “Clarification Documents” which include:
o Preferential Bidding System (PBS)
o Trip Trade System (TTS)
o Distance Learning (DL)
o Pharmacy and Deductible Question from APA
o A319 Reschedule / Reassignment GOOD FOR THE AA PILOTS!