Tim Nelson
Veteran
Talk of immediate liquidation is cheap and not anything more than manufacturing or positioning. To rightly divide the questions regarding liquidation, one must not look to the immediate but to the larger picture.
Let me suggest that the President of the United States has something to say regarding the ATSB or calling in a particular loan, and to believe otherwise does harm to the division of the issues. The simple truth is that US AIRWAYS employs between 10,000-15,000 Americans from the state of PA, and a good deal from NC.
We already know that the President now enjoys a slight advantage in PA for the purposes of the National election, however, it is clearly too close to call. If the ATSB calls in the loan then I believe US AIRWAYS stands a better than average chance of liquidation before Nov 2. In which case, the liquidation of US AIRWAYS could very well sway the close PA voting into the hands of the topsy/turvy Senator from Mass...and possibly the Presidency. Further, with a liquidation and thousands laid off in NC, it could spell trouble for Bush in NC. At any rate, the point is that any liquidation of US AIRWAYS will play a significant role in the Presidential campaign.
The problem for Bush, IMO, is that the AFLCIO understands this and may actually want US AIRWAYS to go under before Nov 2 to help position their golden child called leftwing politics, and also indirectly grant competitive relief for United. Certainly any action or inaction by the Union Boss's to induce a quick chapter 7 woul result in zero benefit to US AIRWAYS employees.
In conclusion, IMO, the ATSB and Bush's administration shows a favorable hand to US AIRWAYS, and it might very well mean chapter 11, but chapter 7 will be along way from home. And although A union may have self helps at its disposal to devastate 28,000 jobs, I think such self helps won't become legal until sometime after Nov. 2. Specifically I don't believe US AIRWAYS will be granted the right to arbrogate contracts until [at least] sometime after November 2.
Regards,
Let me suggest that the President of the United States has something to say regarding the ATSB or calling in a particular loan, and to believe otherwise does harm to the division of the issues. The simple truth is that US AIRWAYS employs between 10,000-15,000 Americans from the state of PA, and a good deal from NC.
We already know that the President now enjoys a slight advantage in PA for the purposes of the National election, however, it is clearly too close to call. If the ATSB calls in the loan then I believe US AIRWAYS stands a better than average chance of liquidation before Nov 2. In which case, the liquidation of US AIRWAYS could very well sway the close PA voting into the hands of the topsy/turvy Senator from Mass...and possibly the Presidency. Further, with a liquidation and thousands laid off in NC, it could spell trouble for Bush in NC. At any rate, the point is that any liquidation of US AIRWAYS will play a significant role in the Presidential campaign.
The problem for Bush, IMO, is that the AFLCIO understands this and may actually want US AIRWAYS to go under before Nov 2 to help position their golden child called leftwing politics, and also indirectly grant competitive relief for United. Certainly any action or inaction by the Union Boss's to induce a quick chapter 7 woul result in zero benefit to US AIRWAYS employees.
In conclusion, IMO, the ATSB and Bush's administration shows a favorable hand to US AIRWAYS, and it might very well mean chapter 11, but chapter 7 will be along way from home. And although A union may have self helps at its disposal to devastate 28,000 jobs, I think such self helps won't become legal until sometime after Nov. 2. Specifically I don't believe US AIRWAYS will be granted the right to arbrogate contracts until [at least] sometime after November 2.
Regards,