Originally Posted by
Sink r8
Good luck trying to convince pilots on this board that actually have gone through the CH11 process with our families, that what happened was a government subsidy. As an employee, and a shareholder, I find the "argument" adds insult to the injury of Etihad's cheating.
You're right… part of Chapter 11 allowed the airline to use its employees as a subsidy, by allowing it to reject current collective bargaining agreements and forcing pay/benefit cuts. It's also allowed them to cash in on the insurance and leave pensions underfunded by billions, again at your expense.
All this happened before Etihad was even formed.
I'm truly sorry for those who lost big on pay and retirement plans, but this is a cat fight between several large companies. I have no emotional stake in these arguments, my loyalties are to whoever is signing my paychecks.
I get that you see ME3 encroachment on US markets as potential threat to your welfare as an employee, however empirical evidence would show your largest threat being those in your corporate offices shielded by golden parachutes.