Originally Posted by
JonnyKnoxville
.......At least AMR could not void their current contract through bankruptcy.......
Not necessarily true. AMR CAN do this if, "there is a material deterioration in the company's financial condition or financial PROSPECTS, whether because of general economic conditions or OTHERWISE." This is a subjective standard determined SOLELY by the debtors (AMR). APA has no rights other then to object. AMR has stated they don't anticipate profits for several years, so any time during the remainder of the C11 period they can go back if they deem the competitive landscape less then desirable, AKA their "financial prospects".
Many of the so-called "improvements" in the TA have a "wiggle exit" for AMR, due to either ambiguous language or flat-out statements like the above.
Caveat Emptor.