January 22, 2007 - Leonidas

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0122Final1411 Q As against $70.06 at America West?12 A That is correct.13 Q Okay, the remainder is the back up and14 detail is it not?15 A That is correct.16 MR. KATZ: That is all the questions I17 have for Captain Hollerbach.18 CHAIRMAN NICOLAU: Do you need some time.19 MR. FREUND: I don't need very much time,20 since this is fantasy land, but I do need a couple21 of minutes. Why don't you give me a half hour?22 MR. KATZ: I thought you didn't need much23691 time.2 MR. FREUND: I want to go upstairs and3 look at this, but -- well.4 (10:58 p.m. -- recess -- 11:35 a.m.)5 CHAIRMAN NICOLAU: Okay, we are ready. We6 are back on the record.7 CROSS EXAMINATION8 BY MR. FREUND:9 Q Good morning. Who is Mike Cross and Lance10 Fenson?11 A Mike Cross and Lance Fenson?12 Q Yes.13 A Mike Cross currently is the LEC chairman14 in Charlotte, soon to be replaced in February. Mike15 Cross, he is the captain representative, and Lance16 Fenson is the first officer representative.17 Q And they have been in that position for a18 while?Page 32
0122Final1419 A Three years, I think.20 Q So the LOA 93, I think you told us,21 produced some 300 some odd plus million dollars of22 annual savings out of pilot work force; is that23701 right?2 A Yes.3 Q And those savings were accomplished by4 reaching agreement on an agreement which was to5 remain unamendable until the end of 2009?6 A December 31st, 2009, that is correct.7 Q So the 300 some odd million dollars in8 savings per year which came out of wage reductions9 and work rule -- wage reductions, benefit reduction,10 work rule relaxations would remain in effect until11 at least the amendable date and how ever much longer12 would it take to achieve a new contract once the13 contract was amendable, correct?14 A On an annual basis, that is correct.15 Q Yes. So, 2000 -- it was negotiated16 sometime in 2004?17 A Correct.18 Q 2005, 2006, 2007, 2008, 2009, and then you19 are an experienced negotiator, two years from and an20 amendable date to get a contract?21 A I haven't negotiated a full section 6, so22 I can't answer that question. But --23711 Q That is not out of the realm of reality2 based on what you know in the airline industry, is3 it?4 A Probably --Page 33
Page 1 and 2: 23260122Final141 BEFORE THE ALPA AR
Page 3 and 4: 0122Final1417 A Hired with Piedmont
Page 5 and 6: 0122Final1411 negotiating committee
Page 7 and 8: 5 A Yes, many pages.0122Final146 Q
Page 9 and 10: 0122Final1422 equity that came into
Page 11 and 12: 0122Final1416 carried up in their e
Page 13 and 14: 0122Final1410 measurement period is
Page 15 and 16: 0122Final144 Q And who benefited fr
Page 17 and 18: 21 A That is correct.0122Final1422
Page 19 and 20: 0122Final1415 became effective, the
Page 21 and 22: 0122Final149 agreement, Captain Hol
Page 23 and 24: 3 calculations.0122Final144 So, for
Page 25 and 26: 20 A Five years.0122Final1421 Q You
Page 27 and 28: 0122Final1414 west as a percentage
Page 29 and 30: 0122Final148 A Well, their pay rate
Page 31: 0122Final142 the longevity of the c
Page 35 and 36: 13 Q To survive?0122Final1414 A The
Page 37 and 38: 0122Final147 Q Was it your view, al
Page 39 and 40: 0122Final141 Q In addition to these
Page 41 and 42: 0122Final1418 did you say something
Page 43 and 44: 0122Final1412 A Timothy R. Phelan,
Page 45 and 46: 0122Final146 which that I can remem
Page 47 and 48: 23890122Final141 Q When was your mo
Page 49 and 50: 0122Final1417 maybe the beginning o
Page 51 and 52: 0122Final1411 from America West or
Page 53 and 54: 0122Final145 bankruptcy, and that i
Page 55 and 56: 0122Final1422 could, you looked at
Page 57 and 58: 0122Final1416 how great the Phoenix
Page 59 and 60: 0122Final1410 A It just generally p
Page 61 and 62: 0122Final144 the green and the blue
Page 63 and 64: 0122Final1421 compares America West
Page 65 and 66: 0122Final1415 in terms of market cr
Page 67 and 68: 0122Final149 in the same group, and
Page 69 and 70: 0122Final143 CHAIRMAN NICOLAU: Yes.
Page 71 and 72: 0122Final1420 A They did, but the s
Page 73 and 74: 14 competing on those; correct?0122
Page 75 and 76: 0122Final148 Q Right. So do you kno
Page 77 and 78: 0122Final142 MR. BRUCIA: Got it.3 T
Page 79 and 80: 0122Final1419 that we were working
Page 81 and 82: 0122Final1413 announced, and you di
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7 West?"0122Final148 A That is what
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0122Final141 A That is, I think tha
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0122Final1418 "Given an improving r
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0122Final1412 fuel and unusuals inc
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0122Final146 charts to eyeball a tr
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24520122Final141 And, while we are
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0122Final1417 West recently reporte
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0122Final1411 leisure, your report
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0122Final145 the company has certai
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0122Final1422 A I don't know what i
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16 you just told us about?0122Final
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0122Final1410 West is not going to
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0122Final144 Q But you gave us thei
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0122Final1421 Q On about $0.06 woul
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0122Final1415 you have any reason t
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9 financing, debt financing?0122Fin
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0122Final143 probably, but not anno
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0122Final1420 that we talked about
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0122Final1414 there were, these are
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0122Final148 marked Exhibit I, it i
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0122Final142 the available seat mil
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0122Final1419 A It shows a loss of
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0122Final1413 over quarter change i
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0122Final147 that you didn't prepar
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0122Final141 Vegas and Phoenix, whi
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0122Final1418 basis. As I indicated
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0122Final1412 CHAIRMAN NICOLAU: Wel
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6 one of them what happens?0122Fina
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25150122Final141 an opportunity for
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0122Final1417 equal to a lifetime o
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0122Final1411 Q So, do you have som
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5 filing.0122Final146 But the merge
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0122Final1422 order to suspend hiri
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0122Final1416 And it talks about in
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0122Final1410 some point if the boa
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0122Final144 the decision of the ar
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0122Final1421 CHAIRMAN NICOLAU: Wha
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January 22, 2007 - Leonidas

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