Go Back  FlyerTalk Forums > Miles&Points > Discontinued Programs/Partners > Northwest WorldPerks
Reload this Page >

DJ: NW and FA's make tentative deal

Community
Wiki Posts
Search

DJ: NW and FA's make tentative deal

 
Thread Tools
 
Search this Thread
 
Old Apr 26, 2007, 9:38 am
  #1  
Suspended
Original Poster
 
Join Date: Jan 2005
Location: seattle
Programs: UNITED 2K HILTON DIAMOND
Posts: 2,774
DJ: NW and FA's make tentative deal

details to follow. What do ya know, finally^
rwill11 is offline  
Old Apr 26, 2007, 9:45 am
  #2  
Suspended
Original Poster
 
Join Date: Jan 2005
Location: seattle
Programs: UNITED 2K HILTON DIAMOND
Posts: 2,774
met NWs demand for 195 mil in cuts, no details revealed. Has to be voted on by the rank and file, ut oh
rwill11 is offline  
Old Apr 26, 2007, 10:00 am
  #3  
 
Join Date: Jan 2005
Posts: 8,884
Link:
http://www.freep.com/apps/pbcs.dll/a...426029/0/ENT03
SchmutzigMSP is offline  
Old Apr 26, 2007, 10:12 am
  #4  
 
Join Date: Dec 2004
Location: Minneapolis, MN
Programs: SkyMiles, NCR Emerald; Hilton Gold VIP
Posts: 118
Official AFA release:
http://www.nwaafa.org/aefiles/042607...%20TA%20NR.pdf
stpaulone is offline  
Old Apr 26, 2007, 10:40 am
  #5  
 
Join Date: Jan 2002
Location: RST
Programs: Delta Diamond; Hilton Diamond; Accor Gold
Posts: 4,839
NWAAFA needed to do this asap. They lost all court battles so far with no hope on that front for a while plus $182 million at stake.

The FAs still have to vote and we will soon find out how they feel about this new aggrement.
fromYXU is offline  
Old Apr 26, 2007, 10:54 am
  #6  
 
Join Date: Aug 2002
Location: MHT is the closest.... but not terribly close
Programs: NW WP (never an elite)
Posts: 488
Why did they do it? Cause the legal system turned against them at every point, and they were in a corner with no other options. This way, FA's will get $15,000+ each in bankruptcy claims, vs. nothing if they wait any longer. While I empathize with an d support their position, everyone has given them a big fat "no" and this is the only way to salvage anything (that I see) in the current union-busting environment.
shedwannabe is offline  
Old Apr 26, 2007, 7:58 pm
  #7  
FlyerTalk Evangelist
 
Join Date: Jul 2001
Location: Some place in this wonderful world (usually at 39,000 ft in seat 1C)
Programs: CO Gold Elite / NW Gold Elite
Posts: 13,747
Originally Posted by shedwannabe
Why did they do it? Cause the legal system turned against them at every point, and they were in a corner with no other options. This way, FA's will get $15,000+ each in bankruptcy claims, vs. nothing if they wait any longer. While I empathize with an d support their position, everyone has given them a big fat "no" and this is the only way to salvage anything (that I see) in the current union-busting environment.
Since NWA is already in Chapter 11 I dont believe these would be considered claims, I believe the court would allow them to pay these new debts in full just like any other new debt incurred after the original filing
socrates is offline  
Old Apr 27, 2007, 7:30 am
  #8  
 
Join Date: Aug 2006
Location: Ohio
Posts: 388
Originally Posted by socrates
Since NWA is already in Chapter 11 I dont believe these would be considered claims, I believe the court would allow them to pay these new debts in full just like any other new debt incurred after the original filing
They are claims. Currently selling in the open market for around 70 cents on the dollar.
roger/wilco is offline  


Contact Us - Manage Preferences - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

This site is owned, operated, and maintained by MH Sub I, LLC dba Internet Brands. Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Designated trademarks are the property of their respective owners.