Owens - Schalk - Peterson, and all remaining AMFA clones:
All of you are missing the point. The judge was evaluating the term sheet, not the Company’s LBFO to the pilots. All the Company has to do to achieve abrogation is to change its term sheet to match up with its LBFO on these two items. On everything else the term sheet is far worse than the LBFO, and they will be allowed to impose the term sheet. So tell me what have they gained except, possibly, a few weeks? The judge approved of the Company’s business plan and rejected every one of the pilot’s valuation claims. He acknowledged that they will now be near the bottom of the industry, a result which he said is typical in a bankruptcy and gave him no problem. He has allowed huge concessions in scope. This is why the APFA has correctly stated that the judge ruled against the pilots on every significant item.
You keep saying that the judge would have found problems with the tentative agreement and told the Company to improve it. The judge wasn’t looking at the tentative agreement, he was evaluating the term sheet. If he found problems with the term sheet provided to the TWU (which is speculation because he only took issue with pilot specific matters) this decision makes clear he would have temporarily denied the motion and allowed AA to correct the term sheet. Once this happens we would have been exposed to the balance of the term sheet which calls for more lay offs, less pay, less, pension, and more outsourcing. So tell me how more jobs would have been saved if we rejected the LBF.