Originally Posted by
LeeFXDWG
bumped,
Wrong, the 1113c "dream sheet" from the company became nothing once the required negotiations went into play. Wedoff could not have ruled on anything other than the "last/best offer" from the company in the required negotiations. Not the original term sheet. In other words, you would have gotten the same contract with a "amendable date" of BK exit. Doesn't mean you'd have a contract today. But, you would have been in section 6 since that date. And, that much closer to release.
This is not interpretation but precedent. The "contract" would have been no worse than the one you have, and would be open for renegotiation once the company exited.
Now, if you want to talk about the merits of "fair and equitable," then in my opinion, Wedoff could have never ruled in the company's favor in an 1113c ruling based on the percentage of concessions being sought from the pilots relative to the other groups. That is of course based upon competant legal counsel.......we had Cohen Weiss and Sh*thead.....same folks TWA had.
Their legal scorecard since the 70's isn't too impressive. For some reason ALPA Nat'l endorses them. They are a labor law firm and never should have been the lead in the BK process.
Frats,
Lee
I've never heard this, and that was most definitely NOT the way it was explained to us during the roadshows, so I'm not sure what precedent you are referring to? I don't know of a pilot contract that was imposed by a judge during Ch 11 to use as am example. I also don't buy for a SECOND that the judge would require an equal percentage of concessions from pilots as other employee groups. Where did you get that from?