PPRuNe Forums - View Single Post - swiss
Thread: swiss
View Single Post
Old 15th Mar 2002, 14:17
  #4 (permalink)  
Few Cloudy

ex-Tanker
 
Join Date: Apr 2000
Location: Luton Beds UK
Posts: 907
Likes: 0
Received 0 Likes on 0 Posts
Lightbulb

Efcop, swissair already did own 75% of crossair shares before the debacle. They actually sold them to the banks, so a takeover it can't be.. .. .Aviatrix, the crossair pilots were offered a 10% rise, lower pensionable age and better pension. The swissair pilots were offered 30%+/_ pay cut, higher pensionable age and lower pension.. .. .The swissair pilots have shown signs of accepting this. The crossair pilots have walked out.. .. .The reason they walked out is that the A320 family pilots will earn more than the Saab/Embraer boys. For the time being, this means ex swissair pilots until some turnover occurs. In the future, however, the whole short and long range palette will be open for the crossair pilots - not as soon as they would have liked but hey! it's a darn sight better than what they have now.. .. .The management is almost entirely ex crossair.. .. .It was plain from the start that compromises have to be made. I am rather surprised to see who is prepared and who is not prepared to make them.
Few Cloudy is offline