Originally Posted by
iPilot
And let's not forget those "guaranteed" contracts only last until the major goes bankrupt.
Not always true: When SKYW bought ASA part of the deal was a new extended fee-for-departure codeshare deal for both SKYW and ASA and that SKYW would hold back $100 mil. of the purchase price for one year or until the guaranteed terms of the codeshare agreement were affirmed in BK court (DAL had not yet declared, but all signs indicated it was imminent).
SKYW got their contract re-affirmed and DAL got their cash.