Lets make this more accurate...
FAPA is participating in concessionary negotiations, but pay rates will not be reduced.
RJET is attempting to restructure out of court.
Unfortunately, we have become pretty adapt at negotiating concessions over the past few years. We exited BK with all of our work rules in place and wages were supposed to snap back to original book in 6 months.
Unfortunately, BB is looking $120 MM from a few "key stakeholders".
FAPA is a stakeholder.