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On 4/2/2003 12:52:28 PM FA Mikey wrote:
The cuts they make will not be temporary. They will be permanent, unless you negotiate with AA for otherwise.
Every contract will be open. The company will be in the position to return any A/C they dont need or want. The ones they keep they will negotiate a lease at drastically low rates. Those rates wont be for 4 or 6 years. They will be for the life of the lease. AA will tell any bank or institution take it or leave it. The judge will care no more for there well being than for YOURS. The judge's only job is to assist restructuring the company.
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Where are you getting your information from? The company?
You're right. Every other contract will be open, except labor contracts which must be handled differently. So, like you said the company can renegotaite all their other deals first, before they come to us. The leased cars for the executives gone. Country club fees, gone. The fee for having American Airlines stuck to the sides of Sports Arenas and Movie THeaters gone. The Contruction contracts on projects like the JFK terminal that were struck during the construction boom, gone. In those cases there is no test of good cause, he can just cancell them. With labor its different, there has to be good cause for rejection. The fact that Unionized employees are being told to accept six years of cuts while management and other non-union workers could see their compensation restored in a year or less is not equal treatment. We have lots of reasons that constitute "good cause" for rejection. And thats all we need.
Oh, by the way do some of the banks that AA is going to dictate to also loan money as well as owning airplanes?
Yo're right in that the Judges primary responsibilty is the creditors interest. But, if XYZ bank feels that they got screwed under the terms of the lease will the airplane that is leased perform any differently? as a mechanic I can tell you NO. It will perform the same. However if the employee feels that he has been screwed by the Judge, the company, or even the Union will his performance be affected? As a mechanic I can give you that answer too. More than likely. If you dont believe me ask Gordon Bethune. Gordon Bethune wrote about this in his book, "from worst to first". He said something to the effect 'You dont want to piss off your mechanics, because if you do you wont get your airplanes. They will work on it alright, but they wont fix it and there isnt much you can do about it'.