Originally Posted by
FirstClass
The goal is to exit bankruptcy stronger. Gutting a newly negotiated pilot contract that did in fact slow the hemoragging of pilots as well as increase the amount of new hiring would be counter productive. They would be right back in bankruptcy court in a year. The judge will be made to this.
This bankruptcy will be surgical. Drop all the old 145 and 400 contracts that are sitting around not being flown but costing money every month, drop delta altogether, and renegotiate United and American. United and American will have to decide if they want to continue or not, but that's on them. Alternatively, RAH could be bought and merged with another carrier.
You are living Ina fantasy land. No bankruptcy is surgical. They will try to negotiate with their partners and in the end they will come for the contract. They have to prove the companies path to the court and it's not going to happen on renegotiated CPA's.
I ask what company you think would want to purchase that disaster? Any that can afford it want nothing to do with it.