Originally Posted by cloud kicker
i just think its funny that you file chapter 11, when your still kinda turning a profit....how does that work exactly?
Hence the term "fake bankruptcy". Everything is all fine and dandy at Mesaba right up until September '05. Profitable quarter after profitable quarter.
Then NWA declares chap.11 in mid Sept. Then because they are in BK, they don't make their payment to Mesaba for our services. Nice "excuse". Well that just gives XJ mgt. an excuse to declare BK.... and demand 15-20%paycuts from the pilots. They've already forced cuts on non-union workers (beginning in April). So basically, mgt. believes the pilots should pay for the company's loss (and their inability to run this company) and rising fuel costs. Or the judge can force it on us. Hopefully the judge will have some common sense and see right through Mgt.'s B.S. Otherwise we'll be the next Mesa..........
