"Most of the aircraft and engines we own are subject to mortgages." 2009 CAL 10K
Are you sure about that? CAL had hocked everything and was looking at bankruptcy #3 and I dont think you are allowed 3 chapter 11s, its chapter 7 time and ALPA fragmentation policy.
Craig
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WOW thats some powerful crack !
CAL was the bankrupt carrier with parts hocked for credit?
Please, go ahead and make that argument to the mediators.
Amazing to see how you guys went from constantly talking about how badly you wanted this merger to "your welcome"
"Sometimes when you try to help a drowning man, you only get pulled under with him"
-Larry Kellner on walking away from the UAL merger