Originally Posted by
FriendlyPilot
The question is will the 363 sale be large enough that one acquirer buys enough assets to be forced to take all the employees or will the creditors just want an auction sale of assets to maximize their return?
I'm pretty sure that you are *never* required to take any employees in 363... that's the whole point, it's a BK mechanism.
If somebody buys a big chunk of planes and gates, would they maybe want the employees too so as to continue operations? Possibly, but that's their choice.
Also, when push comes to shove union contract provisions do not supersede bankruptcy proceedings.