Originally Posted by
carlomonte
Nothing will change in regards to current contracts with delta, united, and usairways. Under reorganization plan they can cherri pick contracts for ch11. As I understand only certain aircraft leases are in ch11 filing.
They can cherry pick contracts with their vendors.
Customer contracts are not protected, they simply stand on their own merits. Theoretically, they could continue as though nothing happened...except all regional feed contracts have a provision to allow instant termination in the event of BK, due to liability concerns. If johny is broke and can't afford to maintain his airplanes, mainline would be raped in court in the event of an accident.