whymeworry?
Well-known member
- Joined
- Sep 17, 2005
- Posts
- 701
Der Kommissar said:This has got to be a really frustrating time. On one hand, the pilots and others just don't want to give anything else back. They've already given a substantial chunk of their pay and other stuff... but at the same time, what happens if the investors pull out because of a lack of contract negotiation. Ugh. I hope it works out.
It's really simple, more investors will come. Look, pilot costs are only 1-3% of the DOC for any airline. The problem is, management and the creditors (read: lawyers and consultant) think ALPA is a lame duck and will fold like a wet noodle (ummm, like the NW pilots did) so they feel if they can get the pilots to fork over their pay and benefits, all other parties will be saitisfied and they can move forward.
If the investors walk, AQ WILL NOT shut down. It simply won't happen. The comany will continue to operate in CH11 while they wait for another investor or for the financial climate to change. Look at UAL, they have been in bancruptcy for over 3 years. It's kiind of pathetic really, if there were a limit to the time spent in C11, more airlines would fail, and overcapacity would be addressed.