The PHI contract won't be settled soon. Note that the Air Log contract expired over 2 years ago. The company has no incentive to settle when the status quo stays in place indefinitely. The longer it takes until a new contract is signed, the longer the company can keep on paying the current salaries and benefits. Thus I completely understand Air Log's holding out for as long as possible, but I don't understand the current position. If things go as they seem to be doing, Air Log could be bankrupt and out of business in the foreseeable future, but the management team will rely on the golden parachutes already in place. Give me a few million dollars and I wouldn't care about the future of the company either.