Hoya From United States of America, joined Jun 2004, 361 posts, RR: 0 Posted (7 years 9 months 5 days 22 hours ago) and read 2282 times:
Hello all,
Just came across an interesting article on MSNBC. It basically says that UA's bankruptcy process will be the model DL and NW will try to pursue, calling UA at one point the 'bankruptcy leader.' Some facts they list from UA's bankruptcy:
10 fleet types reduced to 5
UA fleet reduced from 567 to 455
Half of passenger revenue is from international routes
Also, one analyst predicts that NW's bankruptcy will be similar to US's first one, meaning NW should emerge in about 8 months.
AirRyan From United States of America, joined Mar 2005, 2530 posts, RR: 6 Reply 1, posted (7 years 9 months 5 days 22 hours ago) and read 2244 times:
Quoting Hoya (Thread starter): Also, one analyst predicts that NW's bankruptcy will be similar to US's first one, meaning NW should emerge in about 8 months.
I would agree that NW will be the first to emerge between they and DL but unlike US's first Ch11 filing NW will not be back in BK court anytime soon after that.
As for the rest of the article I agree - both will be able to take the lessons learned from UA's Ch11 filing and make effienct use of the legalities available to them. I think DL will emerge perhaps a little sooner than UA and while there is a chance they don't come out I think it is slim. NW is in a much stronger posistion entering into Ch11 here and think they will be one of the strongest airlines upon emergence out of the BK protection.
Srbmod From United States of America, joined Mar 2001, 16896 posts, RR: 51 Reply 2, posted (7 years 9 months 5 days 16 hours ago) and read 2124 times:
Oh so they'll spend about three years before emerging from CH. 11 protection?
Quoting Hoya (Thread starter): Also, one analyst predicts that NW's bankruptcy will be similar to US's first one, meaning NW should emerge in about 8 months.
And will they follow US's path and file again in a year or so?
In all honesty, holding UA up as the example to follow is not too clever. While some of the things they are doing can serve as a model for them, some of the bankruptcy law reforms (especially for corporations) can be attributed to United's protracted bankruptcy. Typically, if a company in most industries stays in CH. 11 more than 18 months, CH. 7 soon follows.
StevenUhl777 From , joined Dec 1969, posts, RR: Reply 3, posted (7 years 9 months 5 days 15 hours ago) and read 2070 times:
Quoting Hoya (Thread starter): Just came across an interesting article on MSNBC. It basically says that UA's bankruptcy process will be the model DL and NW will try to pursue, calling UA at one point the 'bankruptcy leader.'
In more ways than one, United Airlines is a true pioneer and trailblazer in the airline industry. To quote the license plate frame: lead, follow, or get out of the way...
Quoting Srbmod (Reply 2): And will they follow US's path and file again in a year or so?
Depends all on the cardinal rule of Ch. 11: Don't leave a penny of potential cost savings on the table. Don't leave a day too early or a day too late. How you determine when that day comes depends on how well you know your (and that of your competition) business...
Personally, as a life-loyal UA fan, I'm cheering 110% for Delta !!!!!
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From United States of America, joined Jun 2004, 361 posts, 
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