Maybe for you but not for myself considering how hard CAL has already tried in the past. The same reason MESA has been fighting so hard to stay out of BK can be applied here. BK means that they are not financially stable and opens the door for contract cancellation or modification. XJT does not own it's own aircraft and does not have very many assets to leverage. The best they could do is renegotiate current debt. I have no doubt that CAL would use that to at least downsize their portion of flying with them to source out to others so that their eggs are not all in one basket. Since a regional's cash flow is direct and constant from the majors, unless branded, their future is usually sealed with a declaration of BK. Especially in today's environment. It's far more than a simple reorganization when the revenue is all from one direct source especially when a very large chunk of your expenses go right back into that sources pockets. If XJT goes BK and CAL thinks they can't pay the lease agreements on those aircraft they can farm that flying out to anyone else regardless of what's in their contract.