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ALPA financial folks likely had an accurate picture of each airline's financial health, but no accurate guess as to who would pull the bankruptcy trigger.
Agreed.Originally Posted by Carl Spackler
In fairness to ALPA's financial folks, it would have been difficult to determine whether managements would have pulled the bankruptcy trigger. In the case of the old Delta, some analysts at the time said they were in such bad shape that Delta was days away from liquidation. In the case of NWA, some analysts called it a contrived bankruptcy to freeze pensions and extract concessions when NWA was not even close to being insolvent. ALPA financial folks likely had an accurate picture of each airline's financial health, but no accurate guess as to who would pull the bankruptcy trigger.
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I'm not sure that's true. With my limited knowledge of Section 1 of our contract, I understand that we had little to no protection against international codesharing in the past, let alone these new-fangled "Joint Ventures." Only in the past several iterations has the contract added limitations to such arrangements, with at least a requirement to attempt negotiating a production balance, etc.Originally Posted by Carl Spackler
That is 100% true. Now we're relaxing top end scope.
Could be wrong here.