Guest ACguy Posted March 10, 2003 Share Posted March 10, 2003 In short, the "Loyalty Bonus" is in fact a misnomer. The Bonus was proposed by AC Management during contract negotiations in lieu of requested pay raises. The Company was trying to soft shoe around all the "me too" clauses negotiated in many of the union collective agreements. It would mean an instantaneous trigger of pay raises for many employee groups. The company over estimated the intrinsic value of the SAUs they offered. Realizing the management was artifically inflating the value of the SAUs to each pilot the arbitraitor, Mr. Outhouse, translated the SAUs to cash value for the pilots. This was payable over each year of the contract at agreeable installments. In the timeline of things, AC had been preforming quite well, and had asked for many "extras from the pilot group". The money was not for loyalty but contractual abitration. At the time the AC pilot's counter-parts (CAIL ALPA) had signed on to a different contract. As other employee groups began negotiations they nicknamed it a loyalty bonus. In fact it was a me too request and offered to many employee groups if they would sign on to "long term" collective agreements to provide labour peace as the company called it. The company said it was to realize the synergies of the merger. Of course we realize they dropped the ball on this one by allowing many employee groups to continue on seperate contracts. Link to comment Share on other sites More sharing options...
Homerun Posted March 11, 2003 Share Posted March 11, 2003 AC has averaged between 10 and 11 hours per day for the last few years. Are you saying CAI flew their a/c 20 hours per day? Link to comment Share on other sites More sharing options...
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