Then why did a profitable company like Comair have to be included in Delta's bankruptcy? Because if they did not, then Comair would have been an unprotected asset and they would have come under immediate attack from the Delta creditors. It would have been a catastrophy for Comair. (this is very old news).
Why can't Comair exit bankruptcy on it's own? From all the legal postings and jargon I've read, they can, once all loose ends are tied with their creditors. They just finished a lengthy fight with the pilots, which was required for them to emerge from BK and they are still negoiatng with lease agrements on a few remaining aircraft. They still have a ways to go.
Why is Comair using Delta's bankruptcy to force bankruptcy court approved paycuts on it's employees? That is too simple ... BECAUSE THEY CAN
Comair has to exit with Delta for the same reason they entered, because they still will be an unprotected asset. I do understand they are separate companies and have separate work agreements within their respected organizations. They are connected though, they may have separate identities but Delta is the reason they are in bankruptcy.