A thought going through my head -- corporate America might like to see UA go Chap 11 because the pilots' union gets it in the neck -- they have the most equity so they lose the most. The company has to restructure to stay in business since there is no shortage of pilots to replace the current ones who run for their pensions. Current pilots (and shareholders) who stay decide its better to lose equity than jobs paying a fortune so they cave and new equity comes in and takes over the company. The Chap 11 ordeal so shakes the unions they all shut up -- they also likely lose memberships. Unions know if they push their luck at UA, it goes belly before USAirways, and their worst nightmare is that Steve Wolf makes money out of them again. Rather than let Steve save USAirways, they bite the bullet and keep UA afloat at all costs. These costs of course coming from their own hides. Just my mind wondering..... -----Original Message----- From: The Airline List [mailto:AIRLINE@LISTSERV.CUNY.EDU]On Behalf Of Dennis W Zeuch Sent: Tuesday, February 12, 2002 7:04 PM To: AIRLINE@LISTSERV.CUNY.EDU Subject: Re: UA mechs vote to strike Before you jump on this critically, think are all the UAL corporate execs willing to roll back their pay to 1996 levels? etc etc We dont have all the details of the proposal so lets not start blaming the mechanics for destroying the airline--the managers can do that with out any help Dennis