johnsonrod
Well-known member
- Joined
- Feb 25, 2006
- Posts
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A good Delta buddy of mine attended an LEC meeting and heard some interesting tidbits about the merger negotiation:
- Equity - about $1 billion in equity would have been offered the pilots equating to roughly $100K apiece
- NWA work rules would have equalled Delta's, necessitating an additional 200 newhires alone for work rule changes
- Pay increases: for DAL pilots alone: 7% first year increase then 4% the 2nd year, 4% the 3rd year and 4% for the fourth year
- NWA would have had a 15% pay raise during the first year to come up to Delta's level.
The merger negotiating committees involved the following:
- For Delta: 3 total Delta pilots (2 MD88 PICs and one 767ER FO)
- For NWA: The Chairman of the NWA committee was a 56-year old former Republic pilot. Their committee had 3 pilots, 2 alternates and 10 observers. So, it was 3 Delta pilots on one side and 15 NWA pilots on the other.
Evidently, it all came down to the NWA Merger Committee Chairman (former Republic "Greenbook") who had a lot of influence on the outcome and may have scuttled the deal (maybe he had his own agenda). So, he was apparently very aggressive and may have been largely responsible for neither pilot group gaining the above-mentioned improvements. Way to go!!!!!
Just think about the improvements mentioned above - do you think either pilot group will see those improvements individually in the near term with $110+ oil? It's not going to get any easier for either pilot group.
It's true that my info is 2nd hand info - has anyone heard a different story or perspective? Can anyone confirm this?
- Equity - about $1 billion in equity would have been offered the pilots equating to roughly $100K apiece
- NWA work rules would have equalled Delta's, necessitating an additional 200 newhires alone for work rule changes
- Pay increases: for DAL pilots alone: 7% first year increase then 4% the 2nd year, 4% the 3rd year and 4% for the fourth year
- NWA would have had a 15% pay raise during the first year to come up to Delta's level.
The merger negotiating committees involved the following:
- For Delta: 3 total Delta pilots (2 MD88 PICs and one 767ER FO)
- For NWA: The Chairman of the NWA committee was a 56-year old former Republic pilot. Their committee had 3 pilots, 2 alternates and 10 observers. So, it was 3 Delta pilots on one side and 15 NWA pilots on the other.
Evidently, it all came down to the NWA Merger Committee Chairman (former Republic "Greenbook") who had a lot of influence on the outcome and may have scuttled the deal (maybe he had his own agenda). So, he was apparently very aggressive and may have been largely responsible for neither pilot group gaining the above-mentioned improvements. Way to go!!!!!
Just think about the improvements mentioned above - do you think either pilot group will see those improvements individually in the near term with $110+ oil? It's not going to get any easier for either pilot group.
It's true that my info is 2nd hand info - has anyone heard a different story or perspective? Can anyone confirm this?
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