US Airways snap-back?

[Crzipilot]

Not sure what you mean by the 35 mil. lump sums not materializing, as we've gotten those payments...

 

[ackattacker]

Not sure what you mean by the 35 mil. lump sums not materializing, as we've gotten those payments...

Really? Sorry I was misinformed. I'll edit my post to avoid confusion.

 

[Flybywire44]

That would be great if they got their snap back!

 

[Bringupthebird]

That would be great if they got their snap back!

And a pony too. :laugh:

 

[becket]

That would be great if they got their snap back!

Those delusional idiots are going to get what they deserve...jack shizz!!

 

[get2flyin]

And a pony too. :laugh:

I was thinking they'll probably get the snapback AND a unicorn. I'm sure USAPA could comfortably make that promise. What a wonderful day that will be for everyone.

 

[doh]

There is no explicit "snap back" provision. The arbitration decision hinges on whether a "snap back" was implied in contract language which specifies that the concessionary rates have an expiration date of December 09. The actual legaleze is not something I am qualified to discuss, but to me the "implied" snap back is there, but perhaps not legally enforceable.

Does it actually say expires or becomes amendable? If it uses the word expire, then you should win.

 

[ackattacker]

The rates of pay specified in Section 3 of the Agreement, as modified by the Restructuring Agreement, will be revised as follows:
1. Freeze current rates effective 5/01/04 through 12/31/09
2. Reduce rates as frozen by 18.0%
3. Reduce International pay override,............. etc

In my mind, vague enough to tie up a few lawyers for a good while.

 

[Crzipilot]

Hence why it's tied up waiting for the arbitrator.

As most people understand, Airline contracts become amendable at a certain date, and do not "expire" Same with LOA's, UNLESS there is a definitive drop dead date stated.

LOA's and contracts continue into perpetuality until they are replaced with another agreed upon contract.

So, LOA 93 doesn't have an "expiration" date on it, BUT the pay freeze has a specific time frame listed. Why was that?

I believe that's the argument. Inherited management (who wasn't involved) says the dates mean nothing. USAPA says it's a drop dead date.

I suppose when the arbitrator is done with his hip surgery and moving his son to Russia, we will find out....

 

[MCDU]

Well said

M