Publishers
Well-known member
- Joined
- Sep 20, 2002
- Posts
- 1,736
Bobby
Bobby,
The fact is that in the case of US and UAL, the management is in different hands now. There is also a different mentality in the current economic situation than in previous major airline bankruptcy.
The bankruptcy financers are in control and they hold no airline passion. It is amazing and will be amazing how quickly the labor groups come to terms when they realize they are dealing with people even more dangerous than Frank Lorenzo who at least wanted to be in the airline business.
These people want their money repaid and they are not too quick to liquidate assets to get it. With the full support of the bk judge, things will change and now.
Bobby,
The fact is that in the case of US and UAL, the management is in different hands now. There is also a different mentality in the current economic situation than in previous major airline bankruptcy.
The bankruptcy financers are in control and they hold no airline passion. It is amazing and will be amazing how quickly the labor groups come to terms when they realize they are dealing with people even more dangerous than Frank Lorenzo who at least wanted to be in the airline business.
These people want their money repaid and they are not too quick to liquidate assets to get it. With the full support of the bk judge, things will change and now.