EIL/Unpaid Leave Extension????
Bankruptcy puts pressure on other airlines because the ones that do go through the process get to write off a lot of bad debt or at least pay pennies on the dollar for it. Therefore we are at an unfair advantage as we are still paying full price plus whatever interest for our large amounts of debt when everyone in bankruptcy isn’t, plus the bankruptcy courts will destroy union contracts while others can’t. You can renegotiate airplane orders and loans... List is to long to write everything out but it certainly has the potential to snowball and certainly puts pressure on other management teams to try and even the playing field..