Jpwa Ta

[PuffDriver]

We have a TA folks. MECs will each have to each approve, and memrat independently for each pilot group.

Step 1 appears to be coming to completion.

 

[~~~^~~~]

Being gentlemen, I'll be waiting for my NWA co-workers to apologize for all the names they called the Delta pilots and the Delta MEC after LOA19.

Turns out that once again, the Delta MEC spoke the truth about their intentions.

Keeping my fingers crossed that we have a Section 1 that will keep us employed and NWA's 75 hour reserve guarantee.

 

[ACL65PILOT]

The devil is in the details. I would be very surprised to see a no furlough clause in this one....

 

[~~~^~~~]

Wait ACL, I thought said we would be hiring in the fall. Do a detect a change in plans?

 

[PuffDriver]

The devil is in the details. I would be very surprised to see a no furlough clause in this one....

I would also be very surprised to see no instant parity.

Drum roll please

 

[ACL65PILOT]

Fin it was meant TIC.

I am very curious to see what level the PWA achieves for the combined group. Not where it goes from LOA 19. Fact is that as of today it is fairly worthless.
If this passes, we now come to SLI. Will we sell out the bottom of the list to make the top happy?....of course

 

[ChoadSnazz]

If there isn't instant parity it stands no chance of passing NWA MemRat.

 

[ACL65PILOT]

Duplicate post. Darn computers.

I agree and I do not think that either side would have agreed to it if there was not. I hope to hear some details soon.

 

[Superpilot92]

Source: Delta Air Lines, Inc.
Delta Reaches Unprecedented Joint, Pre-Merger Agreement With Delta, Northwest Units of Air Line Pilots Association, Int'l.

ATLANTA, June 24, 2008 (PRIME NEWSWIRE) -- Delta Air Lines (NYSEAL) today confirms that a tentative agreement has been reached between the Delta Air Lines and Northwest Airlines units of the Air Line Pilots Association (ALPA) on a joint contract to take effect upon closing of the Delta-Northwest merger, expected later this year. The pilot groups also have established a separate process designed to establish a single pilot seniority list by the close of the merger.

Delta CEO Richard Anderson issued the following statement in response:
"We are pleased that the Delta and Northwest pilot groups have reached a tentative agreement and have outlined a process for seniority integration that will allow us to move forward with a unified pilot group. Achieving a joint contract and combined seniority list in advance of the closing of the merger is something that has never been done in this industry and is a testament to the leadership of ALPA and a working together culture."
The tentative agreement is subject to ratification by both airlines' pilot groups.
Delta in April announced that it is combining with Northwest in an all-stock transaction to create America's premier global airline. The new company will be called Delta and will be headquartered in Atlanta. Combined, the company and its regional partners will provide customers access to more than 390 destinations in 67 countries. Together, Delta and Northwest will have more than $35 billion in aggregate annual revenues, operate a mainline fleet of nearly 800 aircraft, employ approximately 75,000 people worldwide, and have one of the strongest balance sheets in the industry. The merger is subject to the approval of Delta and Northwest shareholders and regulatory approvals, which are expected to be completed later this year.

 

[Superpilot92]

If there isn't instant parity it stands no chance of passing NWA MemRat.

The NWA MEC wouldnt have signed off on it if it didnt have instant parity.

 

[NuGuy]

The NWA MEC wouldnt have signed off on it if it didnt have instant parity.

Heyas Super,

While I agree, technically, this was an agreement between the DAL/NWA negotiating team and DAL management.

The NWA ALPA MEC still has to approve or reject it, which will happen on Thursday. Only then will it go out for MEMRAT.

In practice, the MEC sets "bottom lines" to the NC before they go in, so assuming this was the case, parity would be part of the deal.

Nu

 

[Quiet Flight]

Can someone explain the "parity" that has been mentioned? Are you talking about one group being "on par" with the other right away with regard to pay, or scheduling, or retirement, etc? Just curious.

Thanks,

Q/F

 

[Superpilot92]

Can someone explain the "parity" that has been mentioned? Are you talking about one group being "on par" with the other right away with regard to pay, or scheduling, or retirement, etc? Just curious.

Thanks,

Q/F

Parity = same pay and rules for all starting Day 1.

 

[RedRum]

Give me a break

Being gentlemen, I'll be waiting for my NWA co-workers to apologize for all the names they called the Delta pilots and the Delta MEC after LOA19.

Turns out that once again, the Delta MEC spoke the truth about their intentions.

Keeping my fingers crossed that we have a Section 1 that will keep us employed and NWA's 75 hour reserve guarantee.

You know what, there is enough bad news floating around this horse$$t career of ours right now. Save the commentary for later.

This is GOOD news assuming it even has the CHANCE of going to respective pilot groups for a vote.

Just once, I know it is really hard to do, but can you try to look at the bright side instead of trying to be divisive? (Not throwing darts at you, just the entire body of NWA/DAL pilots) We were working toward a joint PWA the whole time. You guys just did what you had to do to protect yourself. It was a little underhanded but in the long run it looks like cooler heads have prevailed. Let's just enjoy it for the time being.

 

[LandGreen]

You know what, there is enough bad news floating around this horse$$t career of ours right now. Save the commentary for later.

This is GOOD news assuming it even has the CHANCE of going to respective pilot groups for a vote.

Just once, I know it is really hard to do, but can you try to look at the bright side instead of trying to be divisive? (Not throwing darts at you, just the entire body of NWA/DAL pilots) We were working toward a joint PWA the whole time. You guys just did what you had to do to protect yourself. It was a little underhanded but in the long run it looks like cooler heads have prevailed. Let's just enjoy it for the time being.

just HAVING a job in this airline industry environment is worth being thankful! i think?

 

[ACL65PILOT]

I believe that the point of the JPWA is that there are no DAL and NWA pilots only DAL pilots. I understand that, this is a rosy little picture, but it is fact. It will be more so when seniority is agreed to.

 

[PeanuckleCRJ]

I'm interested to see the details...

Mo money? Mo betta work rules?

 

[tblosser]

I'm interested to see the details...

Mo money? Mo betta work rules?

Think LOA19 for pay. Work rules??

 

[ACL65PILOT]

Rumor is parity from day 1, 2% to the DC, and a few other cookies. Nothing major.
An agreement to a path to an SLI, but no PID.
We will see how seniority goes, but there are a few variables there. I am sure that it will be close to relative.

 

[~~~^~~~]

So LOA 19 pay was preserved?

How about Section 1?

I interpreted Moak's update to an effort to manage expectations, but if the joint agreement keeps LOA19 and adds scope, Compass, or a little DC, all the better!

Where's Occam?

 

[AirportBum]

What is DAL's current DC %?

What is the total % currently going into your retirement accounts?

Is there a match, or do they just put it in?

Thanks

 

[~~~^~~~]

ACL's post is better than mine. See below.

 

[ACL65PILOT]

9% dc, 2% 401K
LOA 19 Brought the DC to 11% this would make it 13% DC 2% 401K and if LOA 19 was preserved we are looking at an option of 2% more, 1 each the last two years of the agreement. (15% DC and 2% 401K for a total of 17% in to a retirement plan) not bad if true.

 

[ACL65PILOT]

For some strange reason I would not go near either gold or oil right now. I am not investing in it.

 

[AirportBum]

What's the difference between the DC and the 401k contribution?

Are they both fully vested in the pilot's name?

Also, does LOA 19 specify how the equity will be paid out, ie into the retirement plan?

This would be a huge improvement for the junior NWA guys, as we're currently at 6% contribution to the 401k.

 

[General Lee]

9% dc, 2% 401K
LOA 19 Brought the DC to 11% this would make it 13% DC 2% 401K and if LOA 19 was preserved we are looking at an option of 2% more, 1 each the last two years of the agreement. (15% DC and 2% 401K for a total of 17% in to a retirement plan) not bad if true.

Don't forget we will get equity and that could fill up our 401Ks for 2009, which will mean each 2nd check of the month will have the DC percentage and 2% 401K match as cash---added to your normal pay. It can really add up, kinda like an extra bonus.


Bye Bye--General Lee

 

[tblosser]

What's the difference between the DC and the 401k contribution?

The DC is the pension replacement and the 401k is what is offered to all Delta employees

Are they both fully vested in the pilot's name?

Yes

Also, does LOA 19 specify how the equity will be paid out, ie into the retirement plan?

Yes the money is split into two groups. The first group will be divided evenly among the pilots. The second group is allocated based on seniority. It is to be deposited to the extent allowed by the IRS into your 401K to avoid taxes the rest will come to you as cash

This would be a huge improvement for the junior NWA guys, as we're currently at 6% contribution to the 401k.

Lets hope the rumors are true

 

[ACL65PILOT]

I agree LEE. It really depends on the valuation of the company. Keep in mind that LOA19 and all of its improvements will be dead once we get an SLI. To that end I would expect the pay out to be a little different than it was in LOA 19.
Maybe 5% from the 3.5%. Spread that out over all 12,000 of us, it will probably be a little less than LOA 19.

All of the DC and 401K monies are put in to two separate accts. You manage them, and are allotted two sessions per year with the investors per the PWA. Kind of a nice tool and I have used it to my advantage. There are plenty of options that keep bed time reading quite boring. It is good to have options and I am glad that we do.
It is suffice to say that this deal will be a huge gain for the NWA guys. After all it should be, I guess if could be a payout to have to wear our hat and double breasted coast (TIC :laugh: )

 

[AirportBum]

Great info. Thanks guys.

 

[ACL65PILOT]

Over a 20-30 year period, it is a lot of money.