Sounds to me like selling the UNSECURED assets to pay creditors will only get them a few cents on the dollar. May not be the best thing. In this respect the unions have management over a barrel. Liquidation will likely mean that the RSA loses everything, lease holders lose almost everything, and the ATSB guaranteed loans get paid off. 737s get made into beer cans, and some third world airline (like Virgin America) leases the airbusses at extremely cheap rates, with the glut of airplanes in the desert and all. UAIR liquidating is a losing proposition for everybody except the holders of the ATSB guaranteed loans.
[post="176742"][/post]