Originally Posted by LadyJustice

Gojet is staying alive with the help of United and Skywest and the prospect of government pandemic money coming through. That money is basically pledged as collateral along with the planes. Assuming the money comes through there will be some maneuvering to get away from the money going to keep people employed and move it over to paying bills and transferring assets. In the end there will be a deal agreed to by everyone for the money to pay the bills, assets that were collateral transferred, and a number of employees going with the planes. I've been a part of 3 of these types of deals in the past. The first time almost 1000 pilots went with the planes, The next 2 were merely the guaranteed interviews. "The deal was not optimal and was not what anyone wanted, but given the economic constraints we all faced this deal provided the best opportunity going forward for all. XXX airline has committed to interviewing all Gojet employees over the next 24 month and to hire a minimum of YYY of those interviewed provided XXXX continues to hire. Everyone will have a chance with this agreement." Then there will be a line added, "The payment of ZZ million to HK and 75k per month until an update future date for his helping with the transition of assets is a standard in the Airline industry for this type of transitions. The US government gas agreed to the structuring of this deal even though the money was originally given to keep employees employed."