Originally Posted by
clipstone1
The biggest risk for the airline employees (current and former) is potential loss of pensions that have been accrued over many years. Sure a whole bunch of new airlines, probably with almost the same names, will start up to fill gaps of any that do disappear (all paying less money and with worse t&cs than those which have gone) but that will still leave employees with huge holes in their legacy pension schemes.
Why? Pension schemes are not owned by companies. They are independent. As long as the companies have kept the schemes fully-funded, there should be no problem.