Does AA liquidate one WO
05-02-2020 | 04:34 PM
#11
Gets Weekends Off
Joined: Aug 2013
Posts: 134
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wow, I haven’t seen so much wrong in a long time.
First, merging PSA and Envoy is easier and cheaper.
second, seniority list mergers are not straight Date of Hire anymore and haven’t been for years.
Third, there is some savings in the areas you mentioned, but not as much as you seem to think. You still have to recruit, train and manage the same number of pilots. The real savings are more on the manager and up level, not on the worker bee. Reduced facility expenses is there too.
First, merging PSA and Envoy is easier and cheaper.
second, seniority list mergers are not straight Date of Hire anymore and haven’t been for years.
Third, there is some savings in the areas you mentioned, but not as much as you seem to think. You still have to recruit, train and manage the same number of pilots. The real savings are more on the manager and up level, not on the worker bee. Reduced facility expenses is there too.
05-02-2020 | 08:01 PM
#17
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Joined: Feb 2012
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From: CRJ FO
The problem with liquidation in AA’s case is that they could liquidate and still owe tens of billions to their creditors. So they likely wouldn’t opt for that. Some money is better than no money at all. That being said Chapter 11 and a lot of shrinking or distressed debt restructuring are very likely.
05-03-2020 | 06:17 AM
#20
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Joined: Jan 2019
Posts: 1,130
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The problem with liquidation in AA’s case is that they could liquidate and still owe tens of billions to their creditors. So they likely wouldn’t opt for that. Some money is better than no money at all. That being said Chapter 11 and a lot of shrinking or distressed debt restructuring are very likely.
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