I am not sure that anyone could really tell you what will happen. Not even Parker, Bedford or the Judge. They all will have their individual plans but will all influence the process along with the creditor committee.

One can only look at the various actions and speculate. For instance, I found it quite interesting that Delta has not petitioned the court to be on the Creditor's Committee. That tells me that Delta is little interest in furthering its relationship with RAH. That tells me that we will very likely see RAH drop Delta flying.

It is also interesting that after years of attempts by envoy's MEC and CEO to institute a bonus program and being turned down by Parker, that all of a sudden, the same week that RAH files BK that AAG is in a big rush to institute bonus programs for current and potential pilots. AAG, as the guarantor of most of RAH "American Eagle" jets, has the first call on assuming the ownership of those aircraft. They could give them to Compass, SkyWest or envoy almost overnight. All anyone can do is speculate but it is interesting that AAG suddenly has become motivated to attract current 121 pilots.

We could argue the advantages of a WO or non WO to the end of time but most businesses like stability and controllability. Given the current and more importantly, the future volatile environment of Regional Airlines, WO have the clear advantage in those regards.