[BLOCKQUOTE][BR]----------------[BR]On 1/6/2003 8:59:51 AM deltawatch wrote:
[P]My proposal gives the company the money they say they need, whatâ€™s the problem. Are evil intentions hidden within the present language??? My suggestion is reasonable, if the dollar amount they say they need is really what they plan to take from us, right? CWA members share the pain equally and if the company wants to pull all mainlines out of a city then it goes to MDA. But wait, the pilots wonâ€™t like that because they lose another destination. You see ALPA takes care of its members and the hell with their union brothers at CWA. Me me me me me![/P]----------------[/BLOCKQUOTE]
[P][/P]If that's true, then your union should have approached the company with it. ALPA did just that when management tried to shove the latest proposal down their throats, and a compromise was reached. I suggest you ask your union, not management, why they did not attempt some other distribution of the cuts. The problem is that the company is operating wih limited time, and the DIP financer (who shall remain nameless) is just waiting for an opportunity to yank the rug out from under us. It is clear to me that the financing was only offered as a way to move to the top of the creditors list, and a liquidation would suit them just fine. They would get their money, protect their investment (money could be invested somewhere safer and with a higher guaranteed return). As time progresses and more DIP financers are being added, the RSA has MORE reason to want liquidation sooner, since their money will have to satisfy MORE creditors. This just places more pressure on management, who clearly want this company to succeed.