UAL Bagsmasher From United States of America, joined Sep 1999, 2131 posts, RR: 11 Reply 1, posted (10 years 9 months 3 weeks 4 days 21 hours ago) and read 702 times:
I just had a look at the proposal for mechanics. I venture to guess that there isn't a snowball's chance in hell of that being approved by the membership. LOL. I can't wait to see what they have planned for Ramp.
UAL Bagsmasher From United States of America, joined Sep 1999, 2131 posts, RR: 11 Reply 3, posted (10 years 9 months 3 weeks 4 days 19 hours ago) and read 649 times:
UA knows full well that no one will agree to these BS proposals. The only reason they are coming out with this stuff is to show the government that they "tried" to get concessions for the loan guarantee. If and when the loan gets rejected, UA will blame its labor as usual when it files for Ch. 11.
Artsyman From United States of America, joined Feb 2001, 4741 posts, RR: 42 Reply 4, posted (10 years 9 months 3 weeks 4 days 18 hours ago) and read 622 times:
Despite what you say about Management etc, most of the big-wigs have stock options out their ears that become worthless the second they file Chapter 11. Same for the pilots, etc, they own 55% of UAL and all of that investment goes down the pan the second they file. No-one wants UAL to file chapter 11, it is not a nice experience. I posted a few weeks ago about the operational advantages for airlines that file such as being able to renegotiate their payments whether it be on planes, staff..suppliers etc. There is concencus within the industry that if UAL file Bankruptcy, AMR, DL and CO will follow. Not because they are in the same boat, but because of the advantages that UAL will gain. AMR and CO will not be happy to continue to pay Boeing etc full or nearly full rate, when UAL gets to pay them 50 cents or less on the dollar.