BILL LUMBERG
Well-known member
- Joined
- Apr 10, 2005
- Posts
- 2,074
Your own airline, Atlas Air Cargo, came out of Chap 11 BK in 2004. You knew that, right?
Bye Bye---General Lee
Nice work GL......we're done with THIS guy!
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Your own airline, Atlas Air Cargo, came out of Chap 11 BK in 2004. You knew that, right?
Bye Bye---General Lee
It's not a plan but you asked what I'd prefer. I'm not an airplane guy so I guess I'd prefer to not work.
The facts are tough things.
Both Northwest and Delta entered bankruptcy before the new laws changed at the end of Sept. 2005.
Completely fabricated. All leases and contracts re-negotiated because 'we said so'. Pathetic when you look at it for what it was. A way to shed debt because they couldn't manage their way out of it. Management failure, not the pilots or other labor groups. They had to take the pay cuts, again pathetic.
That's pretty bold Kramer......it wasn't fun to go through, and I hope you never have to, at your company or personally. But, this country believes in second (and sometimes third, fourth) chances. If you don't like that, move to Russia. Some people make a lot of money in BK, like the lawyers. Some people never recover. That's life and business in the USA.
Bye Bye---General Lee
Wasn't a slam on you General. Both bankruptcies were a sham to reduce their cost because of poor management and the opportunity to get it done before the laws changed. You disagree?