Originally Posted by
APCbot
I hate to be a Debbie Downer, but will that even accomplish anything? Say airline X goes bankrupt, they can't gut the contract, so the just close down the company and magically reopen as airline Y. Everyone gets a ****ty new contract and first year pay. What's to stop them from doing that?
Sure that’s a possibility, not sure how likely though. Still better than them using BK’s as a negotiation tactic. Heck some companies file BK’s just to force a cheaper contract. That’s what the bill aims to stop. A company is way less likely to shut down every eight years than file BK.