More cheery industry analysis
#11
Gets Weekends Off
Joined APC: Dec 2011
Position: A320 FO
Posts: 846
“This approach is designed to give current airline owners control over any restructuring that might occur, even though they would be totally wiped out under any legally administered reorganization process. It would allow them to impose most of the cost and pain of restructuring onto workers and suppliers.”
They’ve tried this play before. Bankruptcy, ravage any and all contracts, unpaid debts to vendors and suppliers, and the ensured golden parachute for those at the top who always land on their feet.
They’ve tried this play before. Bankruptcy, ravage any and all contracts, unpaid debts to vendors and suppliers, and the ensured golden parachute for those at the top who always land on their feet.
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