Quote:
Originally Posted by TallFlyer
I'm on the outside looking in, so maybe there's something I don't know, but if AA were to declare BK, how would the permanent leaves be affected? This may be something that weighs on the minds of those eligible.
That would be entirely up to the bankruptcy judge. He/She is charged with doing whatever is in the best interest of long-term viability of a debtor. In my opinion, the long-term viability of AA would not include maintaining "black hole" contracts, with unsecured creditors, (i.e. the VPLOA folks).
I would expect the judge to cancel those contracts and not allow those pilots to return, within the same status, (i.e. 12+ year, left seat pay).
In my opinion, it's a gamble for anyone to take a VPLOA, especially if they have a small next egg and a lot of bills to pay.