This is a multi-part message in MIME format. ------=_NextPart_000_00D6_01C63353.4F216A90 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Are we going to see yet another airline brought down by it's unions? Mark What happens literally over the next few days may decide the fate of Northwest Airlines. The airline's management has several aggressive strategies to emerge from bankruptcy that it's pilot and flight attendant unions have vowed they cannot accept. Management is attempting to use the bankruptcy court to void their union contracts so it can proceed with its plans. A court ruling is expected tomorrow. As discussed previously in these pages, the restructuring management proposes is so fundamental (and the potential for other airlines to copy Northwest's moves if they succeed so great) that it is difficult to see how the unions can compromise. In strikes follow they probably cannot occur for several weeks, but analysts predict that the airline cannot survive even a brief strike, especially by the pilots. The situation warrants watching closely. Read reports at: [ http://pacific.bizjournals.com/pacific/stories/2006/02/13/daily32.html ] [ http://www.wzzm13.com/news/news_article.aspx?storyid=50498 ] [ http://www.forbes.com/business/feeds/ap/2006/02/15/ap2530355.html ] ------=_NextPart_000_00D6_01C63353.4F216A90 Content-Type: application/x-pkcs7-signature; name="smime.p7s" Content-Transfer-Encoding: base64 Content-Disposition: attachment; filename="smime.p7s" MIAGCSqGSIb3DQEHAqCAMIACAQExCzAJBgUrDgMCGgUAMIAGCSqGSIb3DQEHAQAAoIIJCTCCApEw ggH6oAMCAQICEBSHbnx1WJ4YFU1fjCTYlb4wDQYJKoZIhvcNAQEEBQAwYjELMAkGA1UEBhMCWkEx JTAjBgNVBAoTHFRoYXd0ZSBDb25zdWx0aW5nIChQdHkpIEx0ZC4xLDAqBgNVBAMTI1RoYXd0ZSBQ ZXJzb25hbCBGcmVlbWFpbCBJc3N1aW5nIENBMB4XDTA2MDIxNDAyMzg0MVoXDTA3MDIxNDAyMzg0 MVowZzEfMB0GA1UEAxMWVGhhd3RlIEZyZWVtYWlsIE1lbWJlcjEfMB0GCSqGSIb3DQEJARYQdWJp Y29uQHRlbHVzLm5ldDEjMCEGCSqGSIb3DQEJARYUbWdyZWVud29vZEB0ZWx1cy5uZXQwgZ8wDQYJ KoZIhvcNAQEBBQADgY0AMIGJAoGBAMh3g4MClrS3vG4ZDGC/cmMow7Z/WNQVutsYTKf7L0EALtHR Y0xVRA2fYSefHRrYOk3F+qLtDoFX+3Zm/qzfLONbQwHTiSOqk23gfeprtCOr13jcmyKDqnddgBuq 6zilsaqmgegiANTXUPa1sKObiegYtYkSKDZUVeQF1LWkI/EXAgMBAAGjQzBBMDEGA1UdEQQqMCiB EHViaWNvbkB0ZWx1cy5uZXSBFG1ncmVlbndvb2RAdGVsdXMubmV0MAwGA1UdEwEB/wQCMAAwDQYJ KoZIhvcNAQEEBQADgYEAZufKKzxwBPp9xNaKom4lVX0De3Ub4hii9EwFJjiBM3AdUPcf4ZXSqNA3 ntOcm24ydoFR0CTGJFK3fnosydveM9s+BSU75VxX9dBYjqkzBLdZerHIrcOOv0tuPajak3uc82Yp vZkkOKPQmxrx4mGAQOhXLNct4RM4cPKYy5S+EFEwggMtMIIClqADAgECAgEAMA0GCSqGSIb3DQEB BAUAMIHRMQswCQYDVQQGEwJaQTEVMBMGA1UECBMMV2VzdGVybiBDYXBlMRIwEAYDVQQHEwlDYXBl IFRvd24xGjAYBgNVBAoTEVRoYXd0ZSBDb25zdWx0aW5nMSgwJgYDVQQLEx9DZXJ0aWZpY2F0aW9u IFNlcnZpY2VzIERpdmlzaW9uMSQwIgYDVQQDExtUaGF3dGUgUGVyc29uYWwgRnJlZW1haWwgQ0Ex KzApBgkqhkiG9w0BCQEWHHBlcnNvbmFsLWZyZWVtYWlsQHRoYXd0ZS5jb20wHhcNOTYwMTAxMDAw MDAwWhcNMjAxMjMxMjM1OTU5WjCB0TELMAkGA1UEBhMCWkExFTATBgNVBAgTDFdlc3Rlcm4gQ2Fw ZTESMBAGA1UEBxMJQ2FwZSBUb3duMRowGAYDVQQKExFUaGF3dGUgQ29uc3VsdGluZzEoMCYGA1UE CxMfQ2VydGlmaWNhdGlvbiBTZXJ2aWNlcyBEaXZpc2lvbjEkMCIGA1UEAxMbVGhhd3RlIFBlcnNv bmFsIEZyZWVtYWlsIENBMSswKQYJKoZIhvcNAQkBFhxwZXJzb25hbC1mcmVlbWFpbEB0aGF3dGUu Y29tMIGfMA0GCSqGSIb3DQEBAQUAA4GNADCBiQKBgQDUadfUsJRkW3HpR9gMUbbqcpGwhF59LQ2P exLfhSV1KHQ6QixjJ5+Ve0vvfhmHHYbqo925zpZkGsIUbkSsfOaP6E0PcR9AOKYAo4d49vmUhl6t 6sBeduvZFKNdbnp8DKVLVX8GGSl/npom1Wq7OCQIapjHsdqjmJH9edvlWsQcuQIDAQABoxMwETAP BgNVHRMBAf8EBTADAQH/MA0GCSqGSIb3DQEBBAUAA4GBAMfskn5O+PWWpWdiKqTwTRFg0G+NYFhh rCa7UjVcCM8w+6hKloofYkIjjBcP9LpknBesRynfnZhe0mxgcVyirNx54+duAEcftQ0o6AKd5Jr9 E/Sm2Xyx+NxfIyYJkYBz0BQb3kOpgyXy5pwvFcr+pquKB3WLDN1RhGvk+NHOd6KBMIIDPzCCAqig AwIBAgIBDTANBgkqhkiG9w0BAQUFADCB0TELMAkGA1UEBhMCWkExFTATBgNVBAgTDFdlc3Rlcm4g Q2FwZTESMBAGA1UEBxMJQ2FwZSBUb3duMRowGAYDVQQKExFUaGF3dGUgQ29uc3VsdGluZzEoMCYG A1UECxMfQ2VydGlmaWNhdGlvbiBTZXJ2aWNlcyBEaXZpc2lvbjEkMCIGA1UEAxMbVGhhd3RlIFBl cnNvbmFsIEZyZWVtYWlsIENBMSswKQYJKoZIhvcNAQkBFhxwZXJzb25hbC1mcmVlbWFpbEB0aGF3 dGUuY29tMB4XDTAzMDcxNzAwMDAwMFoXDTEzMDcxNjIzNTk1OVowYjELMAkGA1UEBhMCWkExJTAj BgNVBAoTHFRoYXd0ZSBDb25zdWx0aW5nIChQdHkpIEx0ZC4xLDAqBgNVBAMTI1RoYXd0ZSBQZXJz b25hbCBGcmVlbWFpbCBJc3N1aW5nIENBMIGfMA0GCSqGSIb3DQEBAQUAA4GNADCBiQKBgQDEpjxV c1X7TrnKmVoeaMB1BHCd3+n/ox7svc31W/Iadr1/DDph8r9RzgHU5VAKMNcCY1osiRVwjt3J8CuF Wqo/cVbLrzwLB+fxH5E2JCoTzyvV84J3PQO+K/67GD4Hv0CAAmTXp6a7n2XRxSpUhQ9IBH+nttE8 YQRAHmQZcmC3+wIDAQABo4GUMIGRMBIGA1UdEwEB/wQIMAYBAf8CAQAwQwYDVR0fBDwwOjA4oDag NIYyaHR0cDovL2NybC50aGF3dGUuY29tL1RoYXd0ZVBlcnNvbmFsRnJlZW1haWxDQS5jcmwwCwYD VR0PBAQDAgEGMCkGA1UdEQQiMCCkHjAcMRowGAYDVQQDExFQcml2YXRlTGFiZWwyLTEzODANBgkq hkiG9w0BAQUFAAOBgQBIjNFQg+oLLswNo2asZw9/r6y+whehQ5aUnX9MIbj4Nh+qLZ82L8D0HFAg k3A8/a3hYWLD2ToZfoSxmRsAxRoLgnSeJVCUYsfbJ3FXJY3dqZw5jowgT2Vfldr394fWxghOrvbq NOUQGls1TXfjViF4gtwhGTXeJLHTHUb/XV9lTzGCAvgwggL0AgEBMHYwYjELMAkGA1UEBhMCWkEx JTAjBgNVBAoTHFRoYXd0ZSBDb25zdWx0aW5nIChQdHkpIEx0ZC4xLDAqBgNVBAMTI1RoYXd0ZSBQ ZXJzb25hbCBGcmVlbWFpbCBJc3N1aW5nIENBAhAUh258dVieGBVNX4wk2JW+MAkGBSsOAwIaBQCg ggHYMBgGCSqGSIb3DQEJAzELBgkqhkiG9w0BBwEwHAYJKoZIhvcNAQkFMQ8XDTA2MDIxNzA3NDcx MlowIwYJKoZIhvcNAQkEMRYEFG+fU78OjPqmGo36/8H2cvbX3RPCMGcGCSqGSIb3DQEJDzFaMFgw CgYIKoZIhvcNAwcwDgYIKoZIhvcNAwICAgCAMA0GCCqGSIb3DQMCAgFAMAcGBSsOAwIHMA0GCCqG SIb3DQMCAgEoMAcGBSsOAwIaMAoGCCqGSIb3DQIFMIGFBgkrBgEEAYI3EAQxeDB2MGIxCzAJBgNV BAYTAlpBMSUwIwYDVQQKExxUaGF3dGUgQ29uc3VsdGluZyAoUHR5KSBMdGQuMSwwKgYDVQQDEyNU aGF3dGUgUGVyc29uYWwgRnJlZW1haWwgSXNzdWluZyBDQQIQFIdufHVYnhgVTV+MJNiVvjCBhwYL KoZIhvcNAQkQAgsxeKB2MGIxCzAJBgNVBAYTAlpBMSUwIwYDVQQKExxUaGF3dGUgQ29uc3VsdGlu ZyAoUHR5KSBMdGQuMSwwKgYDVQQDEyNUaGF3dGUgUGVyc29uYWwgRnJlZW1haWwgSXNzdWluZyBD QQIQFIdufHVYnhgVTV+MJNiVvjANBgkqhkiG9w0BAQEFAASBgHc1wtRrnPyM50NU8seaY9laq3Vk VDvckDfkJ0acbm6dFjuyir+r9f3vkd93n3tmNSPBdBPUpROFupmF30odBt2MpAUldZScsHc3ETE9 R2in81dV7J/bxDSJEHx1WZAzZc+JNgIeA3KJEXeTS88jPnt8XOyNB9uz7dW+/PyzCiDGAAAAAAAA ------=_NextPart_000_00D6_01C63353.4F216A90--