Originally Posted by
pylit4lyfe
...Daddy Delta would only give the $74 mil in financing (which in reality is only $30 since Delta is going to take $44 off the top for PNCL purchasing Mesaba, which was forced upon them) if they stopped operations with UAL and US Airways, returned the Q-400s back to the lessor, and Delta approves a 6 yr business model. Its great how Menke basically said the only way they would get that money is if greater concessions are given up than they originally asked for. I love how it's the pilot groups fault for mgmt bad choices yet they get massive raises and the labor groups have to pay for both!
Not to cut Menke any slack (the guy is still a lousy sack of ****) but this is more of Delta's doing than anything. I hope the judge doesn't approve their DIP financing.