Originally Posted by eaglefly

Mimic the TWA transaction ?

No.

But Envoy does have assets besides aircraft (including labor) which could be acquired by another entity or "absorbed" by another wholly-owned operation that has its own management and assets. AAG is still as much of a corporate shell game as it was when Arpey ran it and it was AMR. As pilots bail from Envoy including flowing to AA and it becomes smaller, its percentage of "topped out" senior pilots (in both seats) increases and in effect, it becomes even MORE uncompetitive from a labor cost standpoint. That means ultimately, SOMETHING has to give to "reset" those remaining pilots (and likely even F/A's) to the equivalent of lower scale.

Thus, at some point in the fairly near future, whenever the trigger is pulled on whatever "transaction" occurs involving Envoy, those high cost employees will have to accept new employment at substantially reduced rates if they want the opportunity to transfer via an "offer of employment". Those who do would likely face an arbitrated seniority process as well. Those who don't ?

Well, they'll either get a "we wish you well in your future endeavors" statement as they exit or like the other poster stated, they'll not get so much as a "harrumph" in acknowledgement for perhaps decades of loyal service. Don't expect much from Envoy going forward no matter what Glass waves in front of your face. This is what those here advocating dropping to their knees either fail to or refuse to understand (although a couple have deliberately ulterior motives). Expecting anything good by giving more concessions at this point is essentially milking a dead cow.