We (TWA) would have loved binding arbitration. Anything would have been better than what we were made to choke on from the APA.
TWA ALPA waived binding arbitration. We can rehash the details of that waiver, but TWA ALPA was between a rock & hard place. With TWA declaring Ch 11, they were in the process of filing an 1113 motion to abrogate TWA ALPA's right to binding arbitration.