It is 10:00P ET and we have a Tentative Agreement with management for a new Contract.
After three days of intense negotiations we are happy to report that we have reached a tentative agreement on our entire contract. We will be working to finalize the contractual language over the next few days.
The next step in the process after we complete the final language is for the MEC to meet and approve the tentative agreement. If the new contract provisions are approved by the MEC we will begin road shows to address the pilot group as to the terms and conditions of the new collective bargaining agreement.
We know many are anxious to learn the contents of the new agreement, and we will be working to give you a comprehensive overview of the entire contract as soon as possible. Here are a few highlights of the issues discussed and tentatively agreed to over the last few days:
Scope protection: The Association was able to secure job protection provisions that will secure employment for our pilots. The Scope protection is multifaceted and achieves some protection through a no furlough clause, fragmentation provisions and a letter that binds our holding company to Section 1 Scope.
Pay Rates: See the tables below.
Signing bonus: $13,500,000.00 The distribution of this money will be decided by the MEC.
Profit sharing: The pilots will receive profit sharing.
Duty rigs: The agreement contains duty rigs that are 1 hour of pay for each 2 hours of duty up to 12 hours of duty and then 1 hour of pay for each hour after 12 hours, on a scheduled basis. The duty rig will apply to CDOs. The minimum day agreed to is 3.75 hours.
We know you are curious to see all the provisions and we will work diligently to get out a comprehensive overview as soon as possible. Please be patient as we work to finalize the language and put together a presentation for your review. We will provide details about road show schedules in the next week or so.
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