Originally Posted by
Gone Flying
I hate to break it to some of you but a BK judge will cut what needs to be cut, regardless of how much we “don’t give an inch”. We can hold strong all day long but as long as section 1113(c) of the US ch 11 Bankruptcy code still exists, a trip to court negates any “holding strong” we do.
I wasn't here when it happened, but in a past downturn did not the pilots give 30+% in pay cuts only to have the company file BK anyway and take more? What would you say about that in the context of “holding strong?”
What you’re saying is technically true, but let’s keep it in perspective. OTH is there value (morally or otherwise) in negotiating something that could mitigate furloughs. That is what we as a group will need to answer.
EDIT: the BK judge “took more”