Originally Posted by
Boomer
Understand this - you could agree to a 50% pay cut to help the company, and if Pinnacle files Ch11 the next day your efforts will not be recognized by the judge.
Only concessions given during BK count as a good faith sacrifice toward the 1113c motion that Pinnacle will certainly file against the pilot group.
+1 Thanks, Boomer. As a former OH guy myself, I've been trying to explain that history is repeating itself to everyone I speak with out on the line.
Someone should mention this to the ALPA guys that sent out their "FAQ" last night where they say any givebacks now will be looked favorably upon by the bankruptcy judge.