As Mike Abram, ALPA General Counsel, and Michael Glanzer, ALPA's Investment Banker
(Who was paid by US Airways) said, US Airways is not demanding the cost cuts, the creditors are demanding the cost cuts
(Funny I don't see the creditors in negotiations with the unions). In fact, the GECAS and ATSB agreements have been filed with the court and specifically require the employee cuts or US Airways says it will liquidate in about one month.
(As did UAL and the judge said no you cant force a company to stop its obligations ie UAL Pension Plans)
Do not let the facts get in the way...
Either the cuts come by consensual agreement or by imposition, but they will come one way or another. Judge Mitchell has no choice but to rule in favor of the company and prevent "self help" or the business enterprise will fail.
(See CAL 1983 Strike) Mitchell’s primary responsibility is to the creditor’s and their committee has spoken.
All the chest pounding and rhetoric will not matter in the end. The creditors committee supports the company's motion, ATSB and GECAS guidelines must be met, and a business plan must be submitted to support the POR.
(Company has no business plan as they admitted the first POR was a failure)
Due to union resistance the company's ask has increased to about $1.1 billion and those unions without agreements will likely give more than their "ask", just like ALPA's RC4 negotiated with the company.
(Don't worry you fly boys will open your wallets again)
It's too bad because it did not have to be this way...
Regards,
USA320Pilot
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