OP
USA320Pilot
Veteran
- May 18, 2003
- 8,175
- 1,539
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- #16
Justaramper:
The difference between the United and US Airways restructurings is that the court knows in the case of the Chicago-based carrier that the airline has been unable to articulate a plan of reorganization (POR) and the ATSB rejected their proposal three times.
However, that was not the case with US Airways who had a POR, ATSB approval, and now a new business plan. It is widely accepted in most circles that any union that does not have an agreement in place if the company files for bankrutpcy will have a S.1113 motion filed and then the court could order deeper cuts.
Respectfully,
USA320Pilot
The difference between the United and US Airways restructurings is that the court knows in the case of the Chicago-based carrier that the airline has been unable to articulate a plan of reorganization (POR) and the ATSB rejected their proposal three times.
However, that was not the case with US Airways who had a POR, ATSB approval, and now a new business plan. It is widely accepted in most circles that any union that does not have an agreement in place if the company files for bankrutpcy will have a S.1113 motion filed and then the court could order deeper cuts.
Respectfully,
USA320Pilot