Originally Posted by
El10
Did the pilots get .97 cents on the dollar for your bankruptcy claim? Also was PS introduced as an offset to the concessions?
If so how are you valuing those items as part of your restoration?
I don't know what pre-merger NW got for their claim but pre-merger DL got about $.60 on the dollar. PS was introduced to offset the concessions but, when you add in the loss of the pension, the many years without significant PS (We've only had that for a couple of years), and all the concessions in pay and QOL items given in BK, the pilots are so far behind it will make your head spin....
Denny