Aha! (ExpressJet) ceases operation

Well technically it's an LOA they can pull whenever they wish. However this may be a 5 yr one if rumors are true. I think the envoy one was 2 yrs? This can't be sustainable right?
LOAs cannot be just "pulled." It depends on what was negotiated for the duration. The Duration clause in this LOA runs concurrent with the CBA. Therefore, these are the new rates, retention bonuses, instructor overrides, etc until it is renegotiated.
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