Well riddle me this. If you had such an iron-clad cost-plus contract, for ten years to come, how could Jerry have whipsawed you/us? Then, to purchase XJT with that much time left on such a sweet, iron-clad contract, why would anyone in their right mind undercut themselves? Even if they bought it just to flip the shares, why not milk that sweet deal for 10 more contractual years. Just to screw over the pilots???
Admittedly, I haven't read the filings but something here just doesn't add up.
If you do some research it is not uncommon for a separation fee to be negotiated prior to doing a deal.
I understand the separation fee. Being that this deal was never serious in the first place makes the money paid to Skyw more of a reward than a separation fee.