AvTalk Episode 293: All right, everybody back to work

AvTalk - Aviation Podcast

Flightradar24

Places & Travel, Society & Culture, Business News, News, Leisure, Aviation

4.8 • 911 Ratings

🗓️ 8 November 2024

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week’s episode of AvTalk, Boeing machinists in the pacific northwest ratify a new contract, ending a 53 day strike. We discuss what’s in the contract and where Boeing goes from here.
Spirit Aerosystems, the maker of 737 fuselages, says it may not have long as a “going concern.” Spirit Airlines will furlough hundreds more pilots next year as it continues searching for a path out of the financial hole it’s in. The Wall Street Journal reports that Russia is behind the series of parcel fires in air cargo shipments in Europe. Dublin’s passenger cap is on hold for now, Air Canada is bringing back a pair of 767 passenger jets, and airlines in the US must now refund you for significantly delayed or canceled flights if you choose not to fly. And we pay tribute to Ben Baldanza, former Spirit Airlines CEO and US ultra low cost carrier pioneer, who died this week at the age of 62 after a battle with ALS.
Helpful links for this week’s show

* The machinists new contract compared to previous contract
* Wall Street Journal report on incendiary devices in air cargo
* Air Canada 767 parked in the desert

Thank you for listening!
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Please click here for a transcript of this week’s episode.

Transcript

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0:00.0	Hello and welcome to episode 293 of AvTalk. I am Ian Petchnik here, as always with Jason Urbanowitz.
0:17.8	Hello, Ian. How's your Wednesday? It's going all right. Better than your
0:23.5	Wednesday. We almost didn't have a podcast today. Yeah, probably not for reasons that many listeners
0:29.4	have jumped to the conclusion of. No, no. But I was at the dentist and the dentist made
0:34.2	scary words at me about having to remove a wisdom tooth immediately,
0:38.8	or I might die. But that has not happened yet, but the next week's podcast, I don't know.
0:44.5	There's still time. Oh, boy. Oh. Hey, there's good news in the world of aviation. Possible.
0:53.5	There is good news in the world of aviation. Possible. There is good news in the world of aviation.
0:55.7	The machinists are headed back to work.
0:58.6	Boeing machinists and the company have agreed on a new four-year contract.
1:04.8	They ratified the contract proposal on the 4th of November near midnight.
1:10.8	And here's what's in it. And we're not
1:13.6	going to be exhaustive because there's a lot to it. And there's a lot even I don't understand
1:18.0	because there are acronyms for acronyms. So we're unpacking the high level stuff here.
1:23.6	But if you want to read the full contract and what's in it and what the differences are
1:29.3	compared to the previous contract and previous proposals, you can click the link in the show
1:34.1	notes and follow along there. Top, top, top line. A 38% wage increase over the life of the contract.
1:42.8	So that split into multiple different wage increases over the life of the contract. So that split into multiple different wage
1:46.1	increases over the four years of the contract, but overall a 38% increase in wages. The machinists
1:54.5	will each receive a $12,000 ratification bonus for approving the contract. The retirement matching from Boeing has been increased.
2:04.4	However, one of the largest asks and something that Boeing said was absolutely not on the table
2:09.8	wasn't included in the contract, which is there is no defined retirement benefit or pension
	...

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