Originally Posted by
Timbo
I'm pretty sure it's the Creditor's Committee that is in charge now...not Horton or Parker. They will each make a 'pitch' to the CC, but in the end, it's the Creditors who decide what's best for them, ie. will make THEM the most money.
When DWI Dougie tried to buy DAL in CH11, DALPA made the pitch to the CC that it would NOT be a good thing...for THEM, money wise, going forward. Is the APA going to make a similar pitch to their CC?
I think he lost out on Delta by one vote, but had turned his back on their labor. Delta pilots didn't have anywhere near the history that AA pilots have endured over the last 10 years. Reading the tea leaves now, AMR doesn't have many fans anywhere and I think Parker needs only one more ingredient added to this nasty stew to become the NEW chef.......and that's imposition of draconian bottom-of-the-industry term sheets.
The kitchen doors will then open shortly thereafter for a humdinger of a cook-off.