Originally Posted by
eaglefly
As for the AA/TWA deal, I wasn't on the AA property then. What I do understand was that it was the acquisition of the assets of a TRULY bankrupt carrier (actually not its first) with approximately 2-3 months operating cash at its then current burn rate. As part of the acquisition, the acquiring carrier agreed to offer employment to the employees of the acquiree. The F/A's all got stapled, but although the AA contract efectively stipulated the same for pilots, the TWA pilots got a better deal with only about half being stapled (and many of them already on extended furlough).
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Self RATIONALIZATION. I guess those TWA pilots were at fault for TWA's downfall and therefore should be "lucky to have jobs at AA".
Define "truly bankrupt". I guess AA's present predicament is really not "bankrupt".
What if AA is in real trouble ,and perhaps a few months out from chap 7. Will you accept a STAPLE sli?
You keep referring to digging holes!! Just because I argue your logic does not make YOU righteous.
Question: Are you a NATIVE AAr or a FLOW-THRU?