I dont know about PSA, but if it is Allegheny we have a sucessorship clause in our restructuring agreement that stipulates an immediate activation of our furlough protection and a return to our original payscale in the Dashes.
There are a few reasons that someone would buy a wholly owned from Airways:
First, we 3 are amoung the very few pilot groups that have agreed to JFJ. Buy one of us and you already have the go ahead for adding RJ's
Second, our jet rates in 50 seat and smaller RJ's are tied to Express One rates till 09 (Which means we are amoung the cheapest in the industry unfort.)
Third, the recent modification to the mainline restructuring agreement allows a "unnamed" affiliate to operate 25 CRJ-700's. But if you purchase a Wholly owned you also can be sold the right to operate those 25 aircraft...
All in all a plausible rumor, hope it is true as I would hazard a guess that the fortunes of those employees would be better on the outside instead of tied to the mothership.
Just curious, I was told PSA's certificate does not allow the operation of 70 seaters (just like the potomac air certificate Airways was trying to use for MDA) while ALG and PDT's does allow for such a thing. wonder if that plays into this thread as well...?
Ahhhh rumors, not really worth the effort, but always interesting none the less