A question for Midway pilots

[Groucho]

Can anyone from Midway tell us just what happend concerning the contract??

Dave Seagull is sprouting on about this and that without any details and blaming the Midway pilots for the Chapter 7 filing.

What did the secret invester want??

The secret invester was probably the Alabama Pension Fund and Segulls boss.

 

[VADriver]

Airline Management 101:

Divide and Conquer
It is always the pilots (labor) fault.

 

[GearUpJammer]

Basically, management presented us with a take it or leave it proposal from the so-called investor after Beta Capital opted out.
We were told that Beta's financing plan would not be acceptable to US Airways.
Midway management asked us for 31 changes to our second concessionary contract within two years.We later learned that the new investor required only 4, we agreed to 2.
Some of the major sticking points were a 10-year contract from DOS with the loss of agreed upon snapbacks and pay rates for larger airframes which were not even on the property. It would appear that U. would then use these rates as a whipsaw to MDA.
In the end, Midway's attorney filed the motion for Chapter 7 after stringing along the bankruptcy for so long. Apparently, Midway management never had a plan and the mystery investor was "fishing" for the lowest cost pilots he could find.