Originally Posted by
gloopy
We are not only bailing them out, we are insuring their mad scientist outsourcing scam becomes even more viable long term. If this was merely a bailout, we'd just be allowing 70 more 90 seaters for now while requiring the sunsetting of the next 70 existing 90 seaters to come off contract. But we're not. This is about far more than helping management out of multibillion dollar bad management mistakes. This is about giving them a permanent "NewCo" with 325 planes (for now, who knows how high we will go later).
Speaking of NewCo: I've been looking through the old "propaganda" sent out during the NW TA and found interesting tidbits:
"In order to provide an incentive for northwest to order 77-110 dc-9 replacement aircraft during this agreement [goes on to talk about narrow-body threshold and larger rj's]....." (we all know how well that worked out)
"The decision to set the threshold one year after emergence from bankruptcy instead of immediately was the result of.......this one year date seemed to pose an acceptable level of risk." (Ratio snapshot not until 2014 anyone?)
"However, all evidence indicates that shrinkage of the mainline narrow-body fleet is not part of management's current business plan.
Management has indicated that mainline growth is planned" (again, we all know how well that worked out)
And one of the mitigating factors they listed for anticipated furloughs due to
work rule changes: "...and the success of the Pilot Early Retirement Program (PERP)."
Lots of other language and verbage that sounds eerily similar in all of that material..
History folks.