Originally Posted by
Denny Crane
You do realize that's not the issue? Everyone knows the contract not bankruptcy proof. The problem is if pilots take the EO they could lose 100% of income and healthcare. I they stay they still have an income and healthcare unless the company goes into liquidation.........and in that case it would be better if they stayed too!
Denny
Denny,
Why is it a forgone conclusion to everyone that a bankruptcy judge would throw out the EO completely and cease all payments and not just reduce the pay by X% like everyone else still active? (Serious question). This isn’t the DB...on the grand scale, the early out isn’t an expensive item.