ACL65PILOT
Well-known member
- Joined
- Dec 6, 2006
- Posts
- 4,621
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You have a fantastic imagination! It may serve you well when your RJs are parked and you have to look for a job. Maybe children's books? Zed, the Mule, and the Gimp....I like it..... I think that concept may lead to a "Harry Potter" like franchise....I will finance it, and give you 2% of all royalties.
Bye Bye--General Lee
Well, you dominate the LBB market, that is for sure! Good for you.... and watch what we do when a new entrant comes to town.(MSP) Can't wait. And you will soon start LGA service. That ought to be fun. Your model is changing, and that might not be for the better. Let's hope you don't get RJs next for feed.
Bye Bye--General Lee
I think you should worry about your own airline, you stole the pensions of the retired pilots at DAL ....quote]
WOW. This one really baffles me. How did they "steal" the pensions of the retired pilots.
They got a sweet deal and took a large lump sump of cash with them.
It was negotiated, so no one "stole" it.
I think you should worry about your own airline, you stole the pensions of the retired pilots at DAL ....quote]
WOW. This one really baffles me. How did they "steal" the pensions of the retired pilots.
What happened was that the former DAL management lost billions of the pension dollars entrusted to them by making risky investments which projected high returns. This enabled them to avoid contributing cash to the plan for years.
They got a sweet deal and took a large lump sump of cash with them.
"They", meaning the executives, certainly did. The "lump sump"s were also called SERPs (bankruptcy-proof golden parachutes).
It was negotiated, so no one "stole" it.
Except for the fact that retirees had no voice or vote in the deal, one might say that it was "negotiated".
Dalpa figured that the DB pensions were toast anyway, so they agreed "not to oppose" the termination in return for a contract agreement more favorable than the one they feared would otherwise be imposed. They stated that they did not represent retirees, but only active members.