phasersonstun2
Veteran
- May 1, 2003
- 560
- 4
This is our game seven. The TA is the worst contract I have seen in my 27 years in this business.
The perceived battle here is the pilots vs the company. The real enemy here is TIME.
If the pilot group rejects this TA, a cascade of events will fall on us, some so swift and profound that no one will be able to stop them.
• Creditors will not wait around for the pilots or anyone else to turn down agreements many times over. The pilots have a lot of clout here, and probably the fate of the airline. A rejected TA will cast the pilot group in the role of doomsday makers, and the bankruptcy judge will grant the company any request to stave off liquidation.
But it would already be too late.
• A massive loss of bookings would ensue due to the inevitable negative press the airline will receive. Momentum would certainly take the airline into a liquidation not because of the rejected TA, but the effect it would have on outsiders.
I'm voting for survival.
The perceived battle here is the pilots vs the company. The real enemy here is TIME.
If the pilot group rejects this TA, a cascade of events will fall on us, some so swift and profound that no one will be able to stop them.
• Creditors will not wait around for the pilots or anyone else to turn down agreements many times over. The pilots have a lot of clout here, and probably the fate of the airline. A rejected TA will cast the pilot group in the role of doomsday makers, and the bankruptcy judge will grant the company any request to stave off liquidation.
But it would already be too late.
• A massive loss of bookings would ensue due to the inevitable negative press the airline will receive. Momentum would certainly take the airline into a liquidation not because of the rejected TA, but the effect it would have on outsiders.
I'm voting for survival.