Thread: Eagle TA
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Old 08-14-2012 | 06:00 AM
  #63  
fisherman
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so let's say we vote no and the judge imposes the term sheet. then we negotiate a new contract after we exit bankruptcy, but how long would that take to negotiate the new contract? i could easily see negotiations taking 5 years. So we could be working under the horrible term sheet for as long as the AIP would have been good for, except we would be making a lot less money with worse work rules under the term sheet than if we would have voted yes. I don't think we will exit bankruptcy and immediately be able to get some great new contract.
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