Does this mean 330 guys are asking your 737 drivers to pass some part of their wages to them, but continue doing those pretty high hours each month? Wouldn’t a 80 or 90% part time 330 FO still earn more than a full time 737 FO?
Yes that's true. Hence the general negative reaction to that concept.
I don't necessarily disagree with pay cuts across the board if it is looking really bad, however the original suggestion was that the 737 subsidise the WideBody with leave, when the WideBody can take paid/unpaid leave, get some more days off and still get paid more money than the 737.
paywalled article in AFR. Not sure of details. Anybody have access?
Virgin Australia boss Paul Scurrah will have some nerves to calm when he addresses investors on Friday. Mar 5,
According to the article there were some meetings with the Debt Note holders who are currently concerned as they have lost 20% on what is supposed to be a pretty safe investment. There is concern that if they bust a covenant who is going cover it of the shareholders?