NJ contract

[CA1900]

Looking at it, you're basically right: the only prerequisite is that they have to have at least 85% of US accounts' international flights flown by pilots on our seniority list. (I don't know if the integration was enough to achieve this, though, if too many of those flights were done by NJE.)

Then, if they do extend it, they agree to maintain the health coverage to the new amendable date in 2016, add ten more crew bases (probably irrelevant now), and adjust the payscales based on CPI-U annually for each remaining year of the extended contract.

 

[gunfyter]

I think they will NOT extend it ....

Savings by not extending the contract: Assuming 5% inflation.

Year 1 $20 million
Year 2 $40 Million
Year 3 $60 Million
Total $120 million.

 

[gutshotdraw]

Sorry Gun. I think they will extend.

Your numbers are off since the Bamster's gub'mint is cooking the inflation books. CPI will be closer to 3 percent and that is a VERY cheap price for an additional three years of relative labor "peace" while they try and rebuild credibility with current and potential clients. Any protracted "unrest" during a contract negotiation in Netjets' current state would be devastating. And I think the brain trust actually IS smart enough to recognize that much, if not much else.

 

[T-1GUY]

I have to agree. They will extend. If they choose not to, it would be a disaster...

 

[gunfyter]

I can't imagine the CPI coming in at less than 5% ... 3 years = 16% raise. I can't see them taking that when they can just not extend. Between that and signs like the Golden Goose ....

But we'll see....

 

[fischman]

They won't be able to extend. International flying isn't where it needs to be, and all grievances have to settled.

Not gonna happen...

 

[Jack Campbell]

How can anyone PROVE any figures provided by management? For example, does anyone really believe they sold off less than 11 days in 4Q10? I don't. And no, I have no proof for that position. Its my opinion. Bottom line is that there is no definitive way to prove any of the numbers they share with the union.

 

[VGerect]

How can anyone PROVE any figures provided by management? For example, does anyone really believe they sold off less than 11 days in 4Q10? I don't. And no, I have no proof for that position. Its my opinion. Bottom line is that there is no definitive way to prove any of the numbers they share with the union.

That there's the facts. Jack, I fully agree.

 

[T-1GUY]

What date does the extension have to take place ??

 

[gunfyter]

Should be November 2012