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It was all timing. Delta didn't acquire Pinnacle until after the vote. Had the vote not passed or if the judge didn't impose the contract, Delta would not have acquired Pinnacle. The bankruptcy judge already said he would impose the labor contract with a few minor changes. Either way, we would've got rapped in the deal. The big thing for Delta was the money carrot. It locked Pinnacle in into a longer contract before it became amendable. With a bankruptcy imposed contract it would've become amendable in a year. Delta also hinted that if it was voted down it was game over. They already had other carriers lined up to transfer planes to.Originally Posted by Waitingformins
How can you be so sure of this. Delta was not in BK. A BK judge looks out for the creditors not the company wanting to buy a busted company. The Pinnacle management company could have had a better time forcing a deal through a judge, but not Delta. Delta would have to show that the labor contract is in fact the reason for BK, also since you no longer working as a Delta contract carrier, if Delta buys you, it would be difficult to show that Delta could not afford to pay your old labor rates. The entire business model changed. No, the only way to get screwed as hard as you did is to vote for it.