Originally Posted by
air101
The only benefit would be to have a judge throw out the labor contracts, and SKYW can basically scare XJT into signing a deal that cuts costs or shut them down. They can also renegotiate some of the CPAs. Like I said, I don't believe bankruptcy is in the plans.
The thing you are missing is the can renegotiate all the leases on the jets 50 seats or less. And/or eliminate them. These aircraft are basically worthless.