If NWA Merges, the CBA still applies until ALPA agrees to modify it. Until the language below changes, CPS can't be sold (not even to the mighty RAH).
1-11 Section 1 – Recognition and Job Security
B.7.c.(7)(d) Feeder Carrier Affiliate The Company may establish a Feeder Carrier which is an Affiliate (as defined in Section 1 B.1) (Feeder Carrier Affiliate), and which operates 51–76 seat aircraft which carry the NW code designator, provided that such Feeder Carrier Affiliate operates in accordance with the following provisions of Section 1 B.7.c.(7)(d)1' through Section 1 B.7.c.(7)(d)8':
B.7.c.(7)(d)1' The Feeder Carrier Affiliate operates only 50 seat aircraft (as defined in Section 1 B.7.c.(6)) and/or 51–76 seat aircraft for so long as it remains an Affiliate of the Company; and
B.7.c.(7)(d)2' The Feeder Carrier Affiliate makes all pilot positions (Captain and First Officer, including check pilots) available to Company pilots in accordance with Letter of Agreement 2006-10 (the "Flow Agreement"), before filling any such pilot positions with new hire pilots; and
B.7.c.(7)(d)3' The Feeder Carrier Affiliate recognizes ALPA as the representative of the pilots employed by the Feeder Carrier Affiliate; and
B.7.c.(7)(d)4' The Feeder Carrier Affiliate enters into a collective bargaining agreement with ALPA in accordance with the provisions of Letter of Agreement 2006-07; and
B.7.c.(7)(d)5' The Company or an Affiliate of the Company owns more than 50% of the Feeder Carrier Affiliate when it starts operating as a Feeder Carrier for the Company; and
B.7.c.(7)(d)6' Except as provided in Section 1 B.7.c.(7)(d)7', the Company or an Affiliate of the Company controls the Feeder Carrier Affiliate, and the Company or an Affiliate retains more than 50% of ownership of the Feeder Carrier Affiliate, and
B.7.c.(7)(d)7' If at least 10 77–110 seat aircraft have entered into active service at the Company the requirements of Section 1 B.7.c.(7)(d)6' shall no longer be effective, provided however that the carrier (the "Feeder Carrier Successor") may nevertheless continue to operate as a Feeder Carrier under this subparagraph B.7.c.(7)(d), provided (i) the Feeder Carrier Successor remains in compliance with the provisions of Section 1 B.7.c.(7)(d)2' and Letter of Agreement 2006-10 (the "Flow Agreement"), (ii) all pilots of the Feeder Carrier Affiliate have the right to transfer to the Feeder Carrier Successor, and (iii) the Feeder Carrier Successor is in compliance with the successorship provisions of the pilot collective bargaining agreement of the Feeder Carrier Affiliate. In the event that the foregoing requirements of this subparagraph B.7.c.(7)(d)7' are met, the 51–76 seat aircraft upper cap of Section 1 B.7.c.(7)(a) shall continue to apply to the Feeder Carrier Successor, and;
B.7.c.(7)(d)8' In the event that (i) the requirements of Section 1 B.7.c.(7)(d)7' are not met, or (ii) the rights to pilot positions or flow rights set forth in Section 1 B.7.c.(7)(d)2' together with Letter of Agreement 2006-10 as they may apply to the Feeder Carrier Affiliate or Feeder Carrier Successor, are modified or terminated for any reason, other than through a written agreement between the Company and Association as representative of the Company’s pilots, the maximum number of 51–76 seat aircraft permitted by Section 1 B.7.c.(7)(a) shall be reduced to the lower cap (i.e. 55).