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Old 9th Mar 2006, 19:47
  #28 (permalink)  
potkettleblack
 
Join Date: Nov 2005
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If you really want to ensure that pilots T&C's are what they were in the "glory days" then there is only one real solution that I can think of - an MBO (management buy out). This would require the majority of the pilots in an airline to front up with however much it costs (min of six figures for a start I would have thought). You would then form a new holding company, write articles of association that state in minute detail how the company will be run and what percentage of profits goes to the pilots/pensions/reinvestment in capital etc. There would invariably be some cost savings due to wiping out the dividends paid to institutional investors and there would no longer be the need to make double digit growth or whatever else the city analysts put the board under pressure to achieve in the past. To swing this though would be a massive undertaking to say the least. Not least seeing just how many (or few) of your fellow pilots shared your same aspirations.
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