Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
0 chance. The company is trying to save as much money as they can so they can get financing to exit bankruptsy.
CFI...huh? Lynx pilots shut down the company? Yeah, that will happen.
I would say we have a 0 percent chance of getting book rates back...why, because this pilot group will give the company whatever it wants. Sad, but true. Now, F9 guys on here, prove me wrong...and i hope the rest of the pilot group finally does as well! The best news is that the concessionary contract expires in 7 days with no new contract to vote on, so maybe we will see book rates for a little while.
As far as the 2 "exit" financing plans...i don't think we even have one plan yet, let alone two. The two plans i believe you speak of were the DIP offers we received so that we could continue operating while "in" bankruptcy while we searched for a financer to get out of bankruptcy.
hockeypilot is right, they will get bonuses...it has already been said by a VP that they "will" get an equity stake in the company upon exit. And yes, they already have been adamant that the pilot group will NOT be included in any equity stake.
Lol. When the company finally exits bankruptcy, huge bonuses will be paid to the executives, and the pilots will still be under the same concessionary contract. This will play out just like every other bankruptcy. We are a disgrace to real labor groups that actually stand up for themselves.