120% Torque
Well-known member
- Joined
- Oct 17, 2002
- Posts
- 277
From another message board:
Unofficial" contract details from a normally reliable source.
....An immediate raise to the 'Delta' rates (8% to 14% increase
depending on
aircraft and seat).
....A 4 year deal with raises of 7%, 4%, 4%, and 4%.
....5% equity ($750 million minimum to be shared with all (DAL and NWA)
pilots. The sharing would probably be done in the same way as our last
equity. 3 different tranches.
....7% profit sharing using the "Delta" model, which is reported to be a
better (higher payout) model than the one we have at NWA.
....A huge increase in Defined Contribution. 11% DC growing to 14% DC.
....The total number of 51-76 seat aircraft would be capped at 255. The
current number of that size aircraft already operating at NWA and DAL is
reported to be around 240, so the 76 seat deliveries are just about
finished. This is a very favorable change to our scope language.
....Remove the 90-110 seat pay rates from the contract. The effect is
that
the "DC9 replacement aircraft" would come online as a "new" type, and we
could negotiate a brand new (higher) pay rate.
.....NWA earned sick leave is "grandfathered" in the deal. We do not
lose
any sick pay. Future sick will use the DAL model.
....We retain "BSTG" (Bid Schedule Trip Guarantee).
....Per diem increases
....No changes to bases
..... access to more widebodies
..... access to better bases
.....better management
.....more trips to Europe
Unofficial" contract details from a normally reliable source.
....An immediate raise to the 'Delta' rates (8% to 14% increase
depending on
aircraft and seat).
....A 4 year deal with raises of 7%, 4%, 4%, and 4%.
....5% equity ($750 million minimum to be shared with all (DAL and NWA)
pilots. The sharing would probably be done in the same way as our last
equity. 3 different tranches.
....7% profit sharing using the "Delta" model, which is reported to be a
better (higher payout) model than the one we have at NWA.
....A huge increase in Defined Contribution. 11% DC growing to 14% DC.
....The total number of 51-76 seat aircraft would be capped at 255. The
current number of that size aircraft already operating at NWA and DAL is
reported to be around 240, so the 76 seat deliveries are just about
finished. This is a very favorable change to our scope language.
....Remove the 90-110 seat pay rates from the contract. The effect is
that
the "DC9 replacement aircraft" would come online as a "new" type, and we
could negotiate a brand new (higher) pay rate.
.....NWA earned sick leave is "grandfathered" in the deal. We do not
lose
any sick pay. Future sick will use the DAL model.
....We retain "BSTG" (Bid Schedule Trip Guarantee).
....Per diem increases
....No changes to bases
..... access to more widebodies
..... access to better bases
.....better management
.....more trips to Europe