I doubt there will be any furloughs or concessionary contracts going on at MAG. Ornstein is a snake of a businessman. Don't be surprised if an announcement is made in the coming months that he has placed 36 ERJ's with another carrier. All is not lost for the pilots. This will, I believe, put a hold on contract negotiations.
I have doubts that Ornstein will be able to find a home for the ERJ's as profitable as the DLX flying has been. Freedom is one of the biggest money makers for Ornstein, and this blow will certainly put MAG in a precarious situation if he can't place those planes.
Good luck MAG pilots. As much as I dislike your company, it would be devastating to see any jobs lost due to the likes of Ornstein.