Originally Posted by
sailingfun
I don't believe the bill that was passed on mergers would have had any effect on the TWA merger. TWA pilots accepted the AMR list as a prenuptial agreement and I believe even had member ratification on the list. At a minimum I know their MEC's voted on it. There is nothing in the new law to prevent a prenuptial in any future merger. If you agree and accept a list its done and the law does not apply.
Actually Sailing, not entirely true: APA/AMR crafted the agreement and forced it onto TWA as a condition of purchase, i.e. take it or leave it. The TWA MEC did NOT sign it - it was forced onto them.