Ok RV4 the clock is running, your signing your cards. Time for a side note. AA management isn''t calling the shots any more. XXX corporation (texas pacific, Citigroup) or whoever is calling the shots now. While filing BK, AA states it can''t fufill all of its financial obligations. It lists assets valued at XXX, and obligations (debt) at XXX. (remember there is a problem with servicing this debt, thats the reason for filing BK.)
Ok, now, XXX corp, or whomever, agrees to provide "debtor in possession" financing. This financing has all sorts of strings attached to it. Its the money AA need to operate, and emerge from BK.
So how is the card thing going, Money is burning faster on the property now because history has shown us up to about a 10% decline in bookings because of peoples fears of buying tickets on an bankrupt carrier.
The judge sends you back to the table with what union? Remember the D.I.P. money has a price. XXX corporation tells AA management you can have the money you need to operate if your labor costs don''t exceed X$
Hows the card drive going?