Originally Posted by
skeptic
Please consider the source of this info. ALPA has not yet been assessed for any damages, and the $1.2 billion "estimate" from the Delta group is pure BS. Also, ALPA has well above $90 million in insurance coverage for this litigation. It is unlikely that any ALPA member will be assessed to pay any TWA damages. The Delta group is just using this as a scare tactic in their campaign.
The source of the 1.2 billion number was the judge who told ALPA that if they wanted to appeal the case, they'd have to post what he felt was the potential MINIMUM award. They put an attorney in charge whose arrogance cost ALPA dearly elsewhere and they are now in the corner with no way out.
ALPA's insurance; according to staff, may...may...cover the loss. It is not yet known if they will pay out. If they do...or if they don't...the issue going forward will be if ALPA can get any underwriter to insure them again. With the TWA loss, another at UAL (and one pending), and the potential at AirTran...IF they can get insurance, it will beat an astronomical rate.
Don't blame DPA for telling folks the facts. They got shafted by Prater and have the right to be very wary of the future.