I do not understand why the Flex pilots think this is such a great deal for the FO pilots. You should be a little worried.
Sure they will go to the bottom of your seniority list and all become coffee boys, what you all seem to be missing is what else is going to happen.
Kenn is going to see that Flight Options pilots are willing fly CL300 and Lear 45 for 100K per year and a 401K match with a promise of a small raise in 4 to 7 years.
It will just prove to Kenn that the Flex pilots are over paid since he will now have a group of pilots willing to do the work for $40K less per year then he is paying the Flex pilots. His next move will surely be to freeze the Flex pilots pay, change your schedule to an 8/7 and cut some benefits. When the Flex pilots get pi$$ed off and start to look for other jobs due to the changes he will be able to just bring up the FO pilots and give them $110 K per year.
The FO pilots will increase in pay and benefits a little and be happy, he will get rid of some of those high price Flex pilots then bring in the furloughed Options Pilots to fill in the holes left at Options from pilots who slide over to the Flex side.
In the end Kenn wins.