I don't know the specifics as to why APA went with Lazard. They didn't call me to ask my opinion, and I'm even not qualified to give it.
All I know is that Lazard and the APA leadership tried to sell us a turd, and we waved the B.S. flag. Period. The TA was THE most concessionary piece of crap ever to hit the airline pilot profession, and frankly it was embarrassing to watch Lazard and APA's eyes glossing over it.
So do we get a worse deal by voting down the TA? Dunno. What I *DO* know is that we refuse to live on our knees. If we're gonna get slammed with something worst than the TA, it won't be because we caved.
Make no mistake, AMR, the UCC and Judge Lane absolutely dread not having a pilot contract in place. Therein lies our leverage, and we plan on taking full advantage of it.