Thanks SkyW

[Nevets]

The regular stock purchase is predicated on the lower of the two amounts of the stock on opening day of the 1/2 year cycle, or the closing day. On top of that, its either 15 or 20% discount on top of the lower amount. If it opens at $20 of January 1st and closes at $18 on June 30th, you buy it at a discount from the $18. Make sense?

Yeah, its like the standard employee stock purchase program. Thanks.

 

[WAVIT Inbound]

That sounds more reasonable than what I had been told. At XJT, the company is required to make enough weeks available to pilots so that if every pilot bid all their weeks, they could ALL be awarded (if you forget to bid, you are assigned a an open week). There is no yoy accrual of vacation.

The best part of Skywest vacation is that it transfers over year to year. So me as an FO I take no vacation. It would be a waste for me. I am saving all my vacation until I upgrade. Then all the vacation can be cashed out at Captain pay rather than FO pay.

 

[Nevets]

The best part of Skywest vacation is that it transfers over year to year. So me as an FO I take no vacation. It would be a waste for me. I am saving all my vacation until I upgrade. Then all the vacation can be cashed out at Captain pay rather than FO pay.

That is assuming you are approved though, right?

 

[WAVIT Inbound]

That is assuming you are approved though, right?

No I could end up not taking a single day off for vacation and just cash the vacation pay out for extra money. You do not have to actually take a day off to get vacation pay.

 

[Nevets]

No I could end up not taking a single day off for vacation and just cash the vacation pay out for extra money. You do not have to actually take a day off to get vacation pay.

You can have it paid out every year or only when you leave?

 

[10nCLR]

Ah, the joys of kicking back, sippin on an ice cold glass of turkwise Kool-Aid and reading 10 pages of useless, uninformative, monotonous but funny FI bull********************. Tis another day is coming to an end on FI with dreams of even a better day tomorrow. Wait, what was the topic of this thread again, oh yeah!!!
Thanks SkyWest, for at least allowing me to have a job with an airline, a competitive airline at that, the best in the regional business.

 

[No.W.]

So after one year you get a grant that is vested after year four and then on year two you get a grant that is vested on year five and so on?

Yeah, but you don't get grants until(I think) three years in. My first vests next year, then every year after that.

 

[No.W.]

You can have it paid out every year or only when you leave?

I think you can do it every year.

I've never had enough in my user and vacation banks to take out...I'm always taking time off after working too hard.

 

[No.W.]

Yeah, but you don't get grants until(I think) three years in. My first vests next year, then every year after that.

OOPS...someone already answered that one ALOT better than I did.

 

[WAVIT Inbound]

You can have it paid out every year or only when you leave?

You can have it paid out whenever you want in the form of adding credit to your month in Sched plus. You can add credit on a day you didnt even work just to have some vacation paid out to you if you wanted to.

 

[No.W.]

You can have it paid out whenever you want in the form of adding credit to your month in Sched plus. You can add credit on a day you didnt even work just to have some vacation paid out to you if you wanted to.

I totally forgot about that.

I think you need three consecutive days off to do that and they plunk 4:18 out of your bank into the middle? I did that once, way back when...I had time to spare.

 

[flynd94]

Well after talking with a local Alpa rep all I can say is NO. The deal Skywest is offering us is unacceptable and, in its current form won't stand a chance with our pilot group. No one is immune from the most junior (me) to the most senior.

Hopefully, the MEC can negotiate a better deal. I am willing to take a furlough (everyone should always be prepared) if the deal is acceptable.

As it stands right now the only people who will benefit from the deal is Skywest, CAL and, what ever pilot group (ASA or Skywest) that gets the CAL flying.

Before you flame away the deal is for 205 aircraft for CoEx flying, contract to be evaluated in 1 year. If we (Xjet) are still to expensive Skywest can transfer 5 aircraft/month to one of their affiliates. Also, they will keep 29 of the 69 aircraft and, staff them with Skywest pilots.

This is a big sh*t sandwich that JA is trying to shove down our throat.

 

[Dubya]

Well after talking with a local Alpa rep all I can say is NO. The deal Skywest is offering us is unacceptable and, in its current form won't stand a chance with our pilot group. No one is immune from the most junior (me) to the most senior.

Hopefully, the MEC can negotiate a better deal. I am willing to take a furlough (everyone should always be prepared) if the deal is acceptable.

As it stands right now the only people who will benefit from the deal is Skywest, CAL and, what ever pilot group (ASA or Skywest) that gets the CAL flying.

Before you flame away the deal is for 205 aircraft for CoEx flying, contract to be evaluated in 1 year. If we (Xjet) are still to expensive Skywest can transfer 5 aircraft/month to one of their affiliates. Also, they will keep 29 of the 69 aircraft and, staff them with Skywest pilots.

This is a big sh*t sandwich that JA is trying to shove down our throat.

Try to think of it as a smooth, creamy sh!t sandwich with fresh homemade bread....cause the one you're getting from Jimmy R. will have chunks of corn in it.

Good luck XJT.

W

 

[joe_pilot]

Well after talking with a local Alpa rep all I can say is NO. The deal Skywest is offering us is unacceptable and, in its current form won't stand a chance with our pilot group. No one is immune from the most junior (me) to the most senior.

Hopefully, the MEC can negotiate a better deal. I am willing to take a furlough (everyone should always be prepared) if the deal is acceptable.

As it stands right now the only people who will benefit from the deal is Skywest, CAL and, what ever pilot group (ASA or Skywest) that gets the CAL flying.

Before you flame away the deal is for 205 aircraft for CoEx flying, contract to be evaluated in 1 year. If we (Xjet) are still to expensive Skywest can transfer 5 aircraft/month to one of their affiliates. Also, they will keep 29 of the 69 aircraft and, staff them with Skywest pilots.

This is a big sh*t sandwich that JA is trying to shove down our throat.

The Brown and Nutty Sandwich you're being asked to sample is a result of the Economy, specifically oil prices and nothing else. There’s nothing greedy or underhanded in it. JA sees opportunity for you guys and his shareholders, so he's pursuing it.

I have several good friends over at XJT; they think the deal isn't the best, but not as bad as the alternative. I hope you all do what is best for both your wallets and conscience.

Either way, I'm having a beer. You're welcome to one yourself if you like.

 

[ToiletDuck]

No I could end up not taking a single day off for vacation and just cash the vacation pay out for extra money. You do not have to actually take a day off to get vacation pay.

We have it the same way at RAH. I just let the days build up. If I need them I need them and if I don't I'll just wait till upgrade. All you do here is send an email or call and say "Hey I want to cash in XX amount of vacation pay". It'll be on the next check.