I for one, cannot see any pilot group taking a paycut in this situation, unless everybody (including the GM) takes a big cut as well. What about the shareholders giving back some of their profits from the last few years?? Unless of course it was some part of a restructuring plan, where the staff buy the shell of the company back.
Rumour has it from the cleaners on Swanston street, that the newspaper boy took 800 mill with him, just to prop his other failing ventures when he left. I guess when you own half the company, you can take what you like!! and ****** what a mess he left. An Chansett accountant is rumoured to have stated at a party on the weekend "Don't plan your Christmas travel with XX" Sad to hear!