Originally Posted by
nordo
I'm curious how they got the Go! operation exempted from the filing.
Originally Posted by
H46Bubba
It isn't included. Has something to do with the JV. I think it's being operated as a subsidiary. Comair could have remained out of bankruptcy, but Delta wanted to bring it in so they could reorganize labor contracts and renegotiate aircraft leases and vendor contracts.
From what I've heard, Delta dragged Comair into shamkruptcy so the creditors couldn't confiscate (the still profitable) Comair as payment.
If go! isn't included in bankruptcy protection, then it isn't protected from seizure by creditors.
If JO wanted to keep go! as a part of MAG, he should have included it in the Ch11 filing.
I fly planes for a living so I could be very wrong about this.