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How long could management drag their feet after exiting bankruptcy to negotiate a new contract if a concessionary contract was imposed by a judge?
That said, why would APA even endorse something so concessionary and waste time bringing it to the pilots?
Again I should have been more up on the facts before posting. Goodluck AA guys.
They sent it out to the pilots so that they could maintain some goodwill with the creditors and the BK court. If they hadn't sent it out, they would have been vilified for being intransigent. Instead of having a small APA board of directors as the enemy, now they have the entire pilot group to deal with. Excellent move, in my opinion. Anyone who thinks they should have approved it hasn't really drilled down to the details of what they were voting on.
This is not smart on behalf of AA pilots. To think management will come back with a better deal while creditors creep up their necks is futile thinking. What this pretty much does is leave the future of AA pilots in the hands of the BK court.
Thanks for the mature reply Cave. This has nothing to do with me having balls or not. I'm not an AA pilot so I don't have their perspective. But from an outsider's viewpoint, with AA currently in BK, I am skeptical that a much better deal will come soon. I hope I am wrong and I will be the first to enjoy a healthy helping of crow if I am.
Anyway, congrats to the AA pilots for standing up for their livelihoods. And I hope things work out for the best one way or another.