Originally Posted by
longhauler
You all have very valid points. The most pointe of all is BB can and probably will still take the company CH 11 and shove an 1113 contract in your face and take everything back and then some.
First a judge would have to green light that request and BB would have to justify it as necessary for survival. But again, think about what would happen to RAH if he did ?
A mass pilot exodus and ZERO replacements resulting in complete chaos in an already tenuous existence and that would have his meal makers (the legacies he feeds) abandoning RAH in rapid form. In short order, he wouldn't have a pot to pi$$ in or a window to throw it out of. His airline would collapse.
Great strategy if he wants to liquidate and wipeout remaining shareholder value. Not so good, if he wants to reorganize.
