I've heard that by the end of the summer, if they dont' find someone to finance them they're done.

sadsad

 

Who would want to finance them? They are worth more dead than alive.

SKyHigh

 

I agree. I hate to say it, but the odds of DIP financing at this point are slim and none. Also, the creditors at some point will want to cut their losses and ask the bankruptcy judge to simply pull the plug. Better to get something on their return than have F9 linger until the very last dollar is spent.

 

Hi Everyone!

This is my first post and my husband is a 10 year captain with Frontier. Needless to say, I'm scared (I'm a SAHM).

Does anyone know if a company liquidates if unemployment can still be collected? I'm thinking not since the company pays for it, right?

This sucks and my heart goes out to all airline families. Big HUGS!!

 

The same was said about TWA in the 80's and yet they survived on their own until 2001.
The same was said about America West when they went into BK in the the Fall of 1991 and they survived..
In the early 90's USAir (pre merge) was losing over 2.5 million per day and did so for years and they stood 2 trips through BK until the 2006 merger.
Continetal was "on the Brink" when they went into their second BK in the early 90's after the CAL Lite fiasco and now they are one of the premier US PAX carriers. NWA was in BIG trouble in the late 80's when Cheechi through a leverage buy out, took a company with the best Cash position and put them into heavy debt over night. They survived and prospered until events after 9/11.
Every one of these carriers were "done" within weeks, yet they managed to survive for years.

I realize the environment is different and things look dire for the entire industry. This industry is fickle but No one is gone until it happens. Let's not start the funeral until the EKG shows a flat line.............and then only after a couple of failed electric shock attempts.

I have ridden Frontier on many occasions and they offer a fine product.
Good luck to you all.

 

Technically, yes, your husband can collect unemployment if the company liquidates. Please check with your state's unemployment office for specifics. Each state has different hoops for claimants to jump through, and I know only about Washington State law. Good luck.

 

OK I give up. What is a "SAHM"

Yes you can, or rather, your husband can collect unemplyment benefits.

 

Never mind. I figured it out. Since I am not a stay at home mom I was not familiar with this term.

 

Hey Pilotswife,

My company based in TX shut down and liquidated and the state of TX paid me in TN because I worked for it and earned it.

Your husband earned his too, which, God forbid, he might have to use. But you should definitely receive benefits either from your state or the state of CO.

So, does SAHM = something..... at home Mom?

Good luck to your family and us all.

Take Care,

B727DRVR

 

SAHM = Stay At Home Mom...I believe.