HalinTexas
昇る太陽の土&#
- Joined
- Feb 14, 2004
- Posts
- 1,536
Say NO!
Look at ATA's history since 2004.
We gave one concession before the first BK. A little more after the BK in Jan. '05. An 1113(e) was filed for temporary relief to continue the concessions then the 1113(c) was filed. This basically abrogated our contract for three years. We shut down before that contract was amendable.
I gave over $250,000 back to Matlin-Patterson during this time. I was downgraded to FO. I was just beginning to make the income I was making in 2003 right before I upgraded!
Don't give them anything! Make them fight for it!
Save your money, pay off debt (I got mine paid off before we shut down, and I had lots in savings!), get yourself ready for a change of job or career, but keep that money you've earned so far.
There is no guarantee that they won't come back for more in an 1113(c) filing. There's also no guarantee you'll stay in business. Look at ATA and Aloha.
Look at ATA's history since 2004.
We gave one concession before the first BK. A little more after the BK in Jan. '05. An 1113(e) was filed for temporary relief to continue the concessions then the 1113(c) was filed. This basically abrogated our contract for three years. We shut down before that contract was amendable.
I gave over $250,000 back to Matlin-Patterson during this time. I was downgraded to FO. I was just beginning to make the income I was making in 2003 right before I upgraded!
Don't give them anything! Make them fight for it!
Save your money, pay off debt (I got mine paid off before we shut down, and I had lots in savings!), get yourself ready for a change of job or career, but keep that money you've earned so far.
There is no guarantee that they won't come back for more in an 1113(c) filing. There's also no guarantee you'll stay in business. Look at ATA and Aloha.