The more i think about it the better it looks. Bronner/Lakefield use the bankruptcy
process to extract MORE concessions, leases etc. Gecas/Gees/RSA and other creditors put up the equity investment.
Lakefield has publicly stated he does not want to run an airline so guess what? AWA management runs the whole thing with no money up front.
AWA Management seems to do better job and this could really get the industry down to 3-4 airlines.
i'd be scared if i was southwest and working for a legacy carrier ala AA, NWA who really haven't taken much of a cut. those pensioins and higher wages are in serious jepardy.
AFA is date of hire no questions. ALPA, with all the aircraft on order should be smoother transition than some feared like (ual/usair). 1-3 year fences etc. no furloughs etc.
This potential airline marriage is something to watch.
process to extract MORE concessions, leases etc. Gecas/Gees/RSA and other creditors put up the equity investment.
Lakefield has publicly stated he does not want to run an airline so guess what? AWA management runs the whole thing with no money up front.
AWA Management seems to do better job and this could really get the industry down to 3-4 airlines.
i'd be scared if i was southwest and working for a legacy carrier ala AA, NWA who really haven't taken much of a cut. those pensioins and higher wages are in serious jepardy.
AFA is date of hire no questions. ALPA, with all the aircraft on order should be smoother transition than some feared like (ual/usair). 1-3 year fences etc. no furloughs etc.
This potential airline marriage is something to watch.