Pay cuts...hmmm
I'm not sure if that's the answer in actual fact or the employee group would have been approached some time ago [it was part of the EB]. The equation will need some fresh batteries in my calculator to work out an immediate solution.
I do hope though that the high level of sick leave that is currently rampant in all departments reduces as this costs the company far more than pilot wages.
If receivership was to occur I understand that the company would continue to trade and be run by an appointed administrator while a buyer was sought.
As other posts have said - things cannot be that bad if they can raise a reported $250M for an airline that made a reported $500000!!
I wonder what the spin doctors have in store for us next.