Wait and see if the dumb ass union members vote for it. They will go on strike for 30 days for a thirty cent raise over two years and are to stupid to figure out they lost money.Just my opinion as I worked for Eastern Airlines and watched as the union destroyed the company.
I would beg to differ with you on that one...I would say Frank Lorenzo had plenty to do with that failure. Just one example: System 1-Eastern airlines computer reservation system sold to Continental airlines for $10 thousand then Continental was kind enough to rent its use back to Eastern for $5 million a year. We wont even begin to talk about spare aircraft parts being shifted from Eastern to Continental.
Cant say I love self serving unions like the one I belong to, but in the world of Greedy CEO's we live in, they are a necessary evil.
Can't say for sure the dollar values quoted are correct but I promise you the selling price was much less than the rental price.
One last comment...Frank Lorenzo was banned from ever being involved in the operation of another U.S. airline.
I will spare turning my wife loose on you, as she was also a Eastern airlines employee.
Let me guess you worked in management.