Originally Posted by
BMEP100
The largest single financial concession was freezing the A plan. The alternative would have been Ch.11 and a bankruptcy contract.
The decision not to have a snap back of the A fund, when the airline returned to profitability was political, not economic. Everyone else in ALPA was moving away from DB plans.
No one but ALPA EVER mentioned the word "bankruptcy"....no one. That was a fear balloon successfully floated to speed up the process. The guys who were negotiating were not interested in snap backs, wage restoration, coach deadhead, etc because it didn't affect the majority of those greedy DB's because they were all short timers. The most important thing for them was gettting it done BEFORE they retired and we all paid for it.