Between a rock and a hard place.
Vote Yes and accept conditions some are not happy with.
Vote No and you play straight into Joyce's hands finally giving him the perfect opportunity to tackle pilot costs.
If ever there was a right time, this is it. Supportive government, depressed market conditions and new business venture with new aircraft.
The reason you may have been forewarned is not because they want to be nice to you. It is because it is what is going to happen and they can say that you knew the consequences of your decision. Its no bluff.
I would put my money on the No vote being Joyce's preferred outcome. He gets to start with a clean slate instead of being lumbered with legacy conditions.