I will try not to take sides for or against the TA, but as I read this thread there are people pounding their chest that do not fully understand the position we were/are in...
BK, sham or not, on paper it was legal. We were assigned Judge Kishel who ruled in the companies favor to impose twice and ruled it was NOT legal for us to strike. If we won the (imposing) appeal the second time, it would have gone back to Kishel to rule on yet again. The 1113 is an endless process until you emerge from BK.
The fight over concessions was over when the TA was approved by the negotiators and MEC. Yes, the line pilots had a vote, but the overall savings to the company was set in stone...15.3%....Our vote was to approve the TA over where that money came from (vacation, work rules, pay, etc). Had we voted the TA down, they would only have the ability to shuffle where the money came from.
The concessionary TA was an overall savings to the company of 15.3%, but a lot of that was in "soft" money (the multi-class bid was almost a third of the total savings) and one time events, the overall paycut was 5%. Our pay is still on par with the industry and still better than some with comperable fleet types. (Some of which are beating their chests on this thread)
There is a 14.2 million dollar claim. That works out to about $20,000 per pilot that has to be paid on emerging from BK. It will be at the same percentage as all the unsecured creditors (GE, BAE, etc.) Best guess about 40%-60%.
The BK has lasted over a year now, with everything and everyone moving backwards. At one point we had 119 aircraft and 1100 pilots on the property. We are now down to 50 aircraft and 530 pilots. Most of our lost routes and cities were covered by 9E CRJ "growth". This has been a 5 year downward spiral and ALL XJer's have paid the price in one way or another. No one signed on here thinking that all this would happen, but it could happen anywhere, so watch out!!