Joevollers---the next Nancy Grace
You are on the creditors committee...so you have a vote... not final say... you are in BK...so your contract is changable...ask any BK lawyer...
Once again... I am not wishing this on you...Just make sure you don't over play your hand early!
I guarantee you that your scope clause will have nothing to do with whether or not this deal goes through.....Many other factors will, as you have pointed out.....But I will bet you anything that your scope won't....
I seem to have heard someone say that this deal would not have the value that it has now if it were to happen after BK...Why? you can change contracts.
Fondly,
---- General Sherman
(I couldn't resist the FLAME)
Get it?
Oh, wait, we needed to have a BK lawyer going through this process? What? Why didn't someone tell Dalpa? Oh, what a huge mistake..... We must have done this all by ourselves...what a bunch of dumb pilots....
Hello? Are you really serious? You don't think we have good representation? You don't think we have consulted with many people, paid millions of dollars, and gotten everything approved through the BK judge? You don't? Are you Johnie Cochran? Wait, he is dead. Read this again, and then KNOW we had it approved by the BK judge first, and he would deal with any possible suitor that got by our creditor committee, then through the DOJ...... You must watch a lot of Court TV....
From Moak:
Parker mistakenly believes that he can somehow magically overcome the scope protections built into our contract and to date refuses to discuss the contract in anything other than superficial terms. The Delta PWA is a part of Delta's Plan of Reorganization and must be a part of
any such plan of reorganization. Parker, however, simply ignores the implications of our contract.
For example, in response to just a single issue, he has been quoted as saying, "We don't know enough about the contract and how this clause came to be." Pilot contract issues will not go away regardless of how much money Parker throws at this merger. For example, our contract:
o Prohibits a "code-sharing" relationship between Delta and US Airways that is critical to the success of the merger plan.
o Dictates that, in the event of a merger, our contract is the controlling document and all provisions remain in force, provisions which prevent many planned US Airways synergies.
o Provides that the amount of Delta flying cannot decrease during a merger transition period until full operational integration, a period that would take years.
o States that Delta pilots must fly any aircraft configured for over 76 seats. US Airways would be prohibited from operating an entire portion of their fleet of aircraft as a result of this provision.
o Most importantly, the Delta pilot contract is binding on any successor or affiliate, including a transaction where Delta is bought by another carrier or holding company subject to the provisions of Letter of Agreement 7, Bankruptcy Protection Covenant.
The Delta pilots will not change any provision of our contract in order to facilitate the hostile takeover of our company.
Tell me again General Sherman (wow, that was a good one), where a BK lawyer could pick through this above......I guess the LETTER OF AGREEMENT 7, BK Protection Covenant could easily be broken.. Yeah, that's the ticket..
Bye Bye---General Lee