So as of today those of you who signed up for the GMR retention in Aug os 2022 now have $10K which the headshed is holding for you. On this day next year that will increase to $20K, and on Jan 1st 2026 $40K will be paid out. How many of you might have planned a move or retirement are planning to stay because of the bonus?

Roll on Jan 2026 :-)

I was planning to move to mars but 40 grand changed my mind.

Elon you are exactly what is wrong with this forum. 

I'm betting no one will see a dime. With KKR's debt payment coming due they will weasle out of paying it and there is no contract or agreement signed to hold them too it. You've been played. 

But I've heard that you will be automatically disqaulified for the $40k if you make a slight mistake on your RA, CF, RAMCO, or miscaculate the formula for executing an autorotational test flight.   

Not a lawyer but imma gonna guess those bonuses evaporate in the Chapter 11 filing...

anything about whether bonuses will get paid or not. AMC paid out all bonuses while in chapter 11.

I was told the judge could and would deny the bonuses

... they made a direct retention contract with their pilots!   It was a written promise done in a policy.  They could not renege without legal woes and a judge's approval when individuals sought payment privately.

The employees were promised to be paid a wage (bonus) for staying with the company.  Those are now employee wage claims, which is first to be paid.  CBA or not, those employees already worked for that compensation.   So, regardless of the CBA, they would be paid.  Each employee would have a separate claim to the bankruptsy court for wages earned here!  And, they don't need a union or a CBA for that!

Totally depends on what type of bankruptcy they choose:  pre-packaged, pre-arranged, free fall.  And if they want to impair claims and have a creditor committee, which takes longer and costs more for lawyers, etc.  For AMC, harder to get rid of CBA which has specific protections in bankruptcy code.  For GMR time will tell, but any payment due will not be protected if they want to get rid of it.

It's a work contract for wages already earned.   It's owed money to employees.  They don't cast that off in a bankruptsy.  It's the first thing paid!

why don't you sue them if they don't

You GMR guys are getting 10k year one, 10k year two, and 20k year 3? They change your bonus payout???

It did not change, the way it was described in the original meeting was slightly confusing.  

that they are holding it for you but not a dime for 2 more years. what a scam lol

their bag 

obama's stash

$40k IOU, we're screwed...

GMR had over 400 pilots when this offer was put into effect. Should 50 % be the after three years thats alot of dollars.

$40,000 x 200 = $8,000,000

Do you think this was a wise investment?

They kept their word.. 

will never understand how things really work.

will never understand how things really work.

Under Chapter 11, the court could tear up the existing CBA, but it can't tear up unpaid wages/compensations!  Employees were not investors or lenders, they get paid first for wages promised/earned!

that can't even spell bankruptcy

Yeah in 4 years you could be at a major airline and set to make 300k for the rest of your career and you losers are excited about little retention bonuses.