I think Chocoracer that the smugness you display here, will be erased when Willie gets around to BAExpress. Already FPP's are on far inferior terms than the old cadetship.
It is a worry that a pilot like Hand Solo can suffer such memory loss. Perhaps it is selective? And you too Wiggy. Tutt tutt!
"Balpa said that as part of the deal, pilots would receive shares in the company in three years time worth £13m. The cost saving package involves pilots taking a 20pc cut in certain allowances, as well as accepting some changes in operations"
A no strike clause was also included in the deal
Anyone heard this before?
"Chief executive Willie Walsh has warned that BA was facing a fight for survival as he sought agreement on thousands of job cuts and a two year pay freeze as part of drastic measures to save hundreds of millions of pounds." Then the volcano erupted.......BA £1.7bn in cash and a secure line of credit amounting to £5bn.
British Airways 2009/10 Annual Report and Accounts
"Our liquidity position remains strong with £1.7 billion of cash at the end of the year." CEO Keith Williams.
BA pilots agree pay cut to save airline £26m - Telegraph#
The Fight For Survival
Strong BA performance helps IAG back to profit | Business | guardian.co.uk
Comic Section
"Jim McAuslan, general secretary of Balpa, said: "This is an unaccustomed position for a union to be in but we have pressure-tested the company's trading position and cost base and are satisfied that this step is necessary to help BA recover its position as one of the world's most successful airlines."