Originally Posted by fireman0174
Airline Ills Outlast Last Resort
By Ted Reed, TheStreet.com Staff Reporter
...Speculation is widespread that there will be additional industry mergers when Delta and Northwest approach the ends of their bankruptcies, since bankruptcy law would enable the carriers involved in a merger to shed unwanted assets such as aircraft leases, just as US Airways and America West did....
Not to mention unwanted pensions, scope clauses, medical benefits, etc.
Look for another round of concession demands to "enable" the mergers and bankruptcy exits. Money for the lawyers has to be found somewhere!
