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Old 09-14-2020, 07:45 PM
  #11  
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Originally Posted by usmc-sgt View Post
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.
If I recall correctly, they’ve gotten away with that play more or less every time. Here’s hoping this time is different, but it rarely is.
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Old 09-14-2020, 08:21 PM
  #12  
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Hmmmmm........
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