It is my guess that if a merger should occurr the managing carrier would try to cash out the NWA pilots' retirement, in a manner similar to the early out packages Delta pilots were offered before bankruptcy.
What early out packages were offered to Delta pilots before the bankruptcy?
I can't recall anything being offered. I do recall that we had a contractual right to a lump sum payout that was already a part of our negotiated DB plan, but nothing was offered.