Midway Still facing troubles

[KingAirer]

http://www.dfw.com/mld/dfw/business/6657740.htm

Midway facing possible liquidation.

 

[Intruder One]

Stick a fork in them..........their done.

 

[I.P. Freley]

"But the carrier also needs its pilot union to agree to amend its contract in order to get US Airways to extend the terms of a $12 million loan. If not, the loan will come due on Oct. 31 unless a reorganization plan has been confirmed, Ferguson said.

"It's clear we can work out a deal with US Airways" to extend the deadline, Ferguson (Midway Pres & CEO) said. "Whether we can work out a deal with ALPA is another matter." ALPA, the Air Line Pilots Association, based in Washington, D.C., represents Midway's 85 pilots."

Well at least we know it's the PILOTS' fault.

This particular USAirways tactic is already familiar.

 

[js31pilot]

Stick a fork in them..........their done.

Midway has come back from the dead more than once.

 

[the turtle]

For what it's worth, DCA ops has told it's rampers that Midway will stop operations on Sept 24th.

Mesa TDY has pilots heading from CLT (again) starting end of the month.

 

[BigFlyr]

It never fails... If you're going to lose your job it's usually just before the holidays! Merry Christmas everyone!

 

[the turtle]

True, and the judge decided to make his announcement at the beginning of Labor Day weekend. How ironic.

 

[Mercy98]

FWIW,

The BK judge MAY decide to go ch. 7, and if he does the company will begin to close its doors after Oct 31. The shutdown will be finished within two weeks from that. Flight crews and attendants will be first, followed by all others. Looks like a 50/50 chance, unfortunately.