Originally Posted by
astrojet
it was a while ago ...but I believe TWA was in chapter 11....then they declared chapter 7....so in theory AA purchased assets of the liquidated airline...this was never an actual merger....that is why the twa pilots were stapled to aa list. did twa actualy HAVE to declare chapter 7?? ...is the fishy part.
Not quite.
TWA was not in Ch 11 before purchase took place. AA required TWA to file for Ch 11 as a condition of the purchase.
Regarding the integration/staple, APA molded it exactly the way an arbitrator would have - to withstand the eventual lawsuit, which it did. Fair, depends on who you ask. I'd say the majority of TWA pilots got hosed - but it was expected, much like the way anyone getting purchased by SWA will also get hosed seniority-wise.