Sure the term sheet has that pay protection item in there, BUT if you read the sheet I was reading it also states. The APA will produce 12million/year ADDITIONAL cost savings, for each year of pay protection that is provided. Sooooo there is pay protection, but in essence, the PILOTS are paying for that pay protection. Term sheet has a bunch of those ...."additional cost savings" little things in there...
Hi Crzpilot I sure hope Birdie will finally tell us she gets leverage because this "term sheet" is not good for me or her. We need Birdie to tell us how to get leverage NOW!