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Cost of Downsizing


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Right seat to left seat. 747 to 767. The training and associated costs go on and on.

Management and the creditors probably realize the costs of training and retraining are insurmountable given the present situation.

How do you get around the seniority issues?

Shut the company down so someone with deep pockets can buy the assets cheap and start up debt free without headaches.

How do you shut the company down and defer blame. "Encourage" one of the more "powerful" labour groups to torpedoe the restructuring.

The Keller award. The ALPA agreement.

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