I don't think that is plausible. If they buy you, then they have to merge the companies seniority lists. Unless that's what you mean, merge the lists and then just not fly the silver the airplanes. They would still be on the hook for the aircraft leases and whatnot.

Remember way back (maybe you don't) when American purchased the "assets" of TWA? They didn't buy the company, the company folded and employees were on the streets. Many TWA pilots were hired at American, but I believe they went to the back of the bus. At the time, TWA actually owned assets (airplanes). Today, nobody owns airplanes, they are all leased.

In fact, I'm not sure that any airline out there really owns anything at all.