OP
USA320Pilot
Veteran
- May 18, 2003
- 8,175
- 1,539
- Thread Starter
- Thread starter
- #31
Tadjr:
I believe you're talking semantics here, but that's o.k.
The only union who has exchanged contract proposals and entered into direct negotiations is ALPA. Other unions have met to hear details of the new business plan or to provide cost cut suggestions, but to my knowledge no other union has engaged in direct negotiations with the company except the pilots.
I believe US Airways wants to reach new LCC type contracts will all of its unions and its up to each union on whether or not they want to reach an accord or probably enter bankruptcy with their current contract in place.
In regard to entering a pre-packaged bankruptcy, maintaining ATSB funds, and preserving equity, it may or may not occur, but I do know this...management and its advisors are working on a plan to do just that -- if all stakeholders do not consensually agree to participate in the "Transformation Plan". Furthermore, I do know labor relations and the law firm of Arnold and Porter have been evaluating bankruptcy code S.1113/S.1114 options, if necessary.
ALPA believes a Chapter 11 filing will occur and the union has offered a very significant cost cut proposal, which has been made public knowledge, because of the pending formal reorganization. It's up to each union to decide what to do prior to the potential filing.
Respectfully,
USA320Pilot
I believe you're talking semantics here, but that's o.k.
The only union who has exchanged contract proposals and entered into direct negotiations is ALPA. Other unions have met to hear details of the new business plan or to provide cost cut suggestions, but to my knowledge no other union has engaged in direct negotiations with the company except the pilots.
I believe US Airways wants to reach new LCC type contracts will all of its unions and its up to each union on whether or not they want to reach an accord or probably enter bankruptcy with their current contract in place.
In regard to entering a pre-packaged bankruptcy, maintaining ATSB funds, and preserving equity, it may or may not occur, but I do know this...management and its advisors are working on a plan to do just that -- if all stakeholders do not consensually agree to participate in the "Transformation Plan". Furthermore, I do know labor relations and the law firm of Arnold and Porter have been evaluating bankruptcy code S.1113/S.1114 options, if necessary.
ALPA believes a Chapter 11 filing will occur and the union has offered a very significant cost cut proposal, which has been made public knowledge, because of the pending formal reorganization. It's up to each union to decide what to do prior to the potential filing.
Respectfully,
USA320Pilot