Lee,
I would like to add that this is what the Rail Road employees have to protect them under the RLA:
11 USC 1167 - Sec. 1167. Collective bargaining agreements
U.S. Code - Title 11: Bankruptcy
Linked as:
Notwithstanding section 365 of this title, neither the court nor the trustee may change the wages or working conditions of employees of the debtor established by a collective bargaining agreement that is subject to the Railway Labor Act except in accordance with section 6 of such Act.
About 2 years ago, CAPA was attempting to amend the RLA as it applies to Air Carriers so that in the event of a bankruptcy, labor could have the same protections as the Railroad employees have. But, ALPA, through its political contacts sabotaged CAPA, The Teamsters and the IAM's hearing before congress on 3 December 2009 and had it cancelled. ALPA fought CAPA all the way through this process.
So, because ALPA National, under John Prater did not want CAPA's, language to amend the RLA to reflect the protections as the railroad employees have, Airline Labor got nothing and American Pilots are going to suffer a worse fate than had CAPA been able to successfully amend the RLA to get the same protections as the railroad employees.
ALPA is a cancer to the Airline Pilot Profession!
Craig