Glanzer chims in “you will not get a trustee - it will only happen in a liquidation or for fraud and if you turn down the agreement - the ATSB will walk.â€
Crocker asks Glanzer, “But what about Hawaiian? They have a trustee and are making money.â€
Glanzer to Crocker - Because they had fraud - they stole money from Boeing.â€
Crocker says, Who? – Boeing, the airplane company.
Baier then asks to speak. To the makers of the resolution. - if we have good information from our advisors why do you want to force the company to give us a 1113(e) filing? Why not fore stall a 1113(e)?
Freshwater to Abram, “Will that happen?â€
Abram responds, “Yes. They will try to get a decision by the 14th or 15th. If we send have an agreement they will not force the S.1113e filing if we have a reasonable count date. If this is agreed upon the count will happen on the 31st and it will be another week or two before the court will approve your contract. You will be taking a 23% pay cut until the court approves it.â€
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