Upgrade
A pilot who upgrades to a smaller jet (32-59 seat) captain
position is not eligible to bid for transition to a larger jet (60+
seats) captain position for twenty-four (24) months
commencing on the effective date of the staffing award or
the completion of training, whichever is sooner.
The Company is not required to award a vacancy to a pilot if
the vacancy requires initial, upgrade or transition training
unless the awarded vacancy has a higher rate of pay.
New hire first officers shall be frozen in status and equipment type
until eligible to upgrade to a captain position.
Meaning F/O can upgrade to any CA position. EX: 170 F/O to 145 CA 24 months later to 170 CA
MidAtlantic
Prior to the effective date of US Airways' plan of reorganization, but no later than December 31, 2005, US Airways may exercise its option to obtain approximately $110 million through the sale and financing of certain assets including ten EMB-170 aircraft currently owned by US Airways and three EMB-170 aircraft currently committed for delivery to US Airways, other EMB-170 related assets and a sale/leaseback financing of 113 commuter slots at Washington Reagan National Airport and 24 commuter slots at New York LaGuardia Airport. In addition US Airways will assign to Republic the leases for an additional 15 EMB-170 aircraft. Republic would also work with US Airways to locate an Embraer heavy maintenance facility at an agreed upon location within the US Airways network. Republic would enter into a regional jet service agreement that would continue the operation of the EMB-170 aircraft as US Airways Express. At any time during the term of the slot sale/leaseback agreement, US Airways will have the right to repurchase the LaGuardia and Washington slots at a predetermined price after US Airways emerges from Chapter 11 bankruptcy protection.
After the effective date of US Airways' Chapter 11 plan of reorganization, in the event that US Airways has not exercised the slots sale/leaseback option, Republic will have an option to purchase/assume leases of all 28 EMB-170 aircraft and to fly them as US Airways Express.
In the event that US Airways draws down the equity commitment, Republic, at the request of US Airways, may purchase, finance and operate as US Airways Express an additional 22 Embraer 170 and 190 aircraft.