[rawhide]

And, in Ch 11, they can get rid of their pension plan.

[kingu]

And, in Ch 11, they can get rid of their pension plan.

Health care for pensioners; that's the major cost. But yes, I'm sure that is on someone's drawing board. But of course, most of all, they want bailout from congress. Always bailout from congress.

[RFEngineer]

"And, in Ch 11, they can get rid of their pension plan"

getting rid of pensions, unfavorable union contracts, unsecured debt will be merely a formality. They'll be able to get out of contracts for gates at major hub facilities, if they are too expensive.

Still, I think it would be better to let these marginal airlines go out of business so that companies that know how to make money can do it without competitors that are subsidized by government loans and protected by bankruptcy courts.

Anybody know if the government loans of post 9-11 get priority over other creditors?