TypeIV and Gorter, re speculations from an amateur layman, thank you for labelling it as such, imho your speculations are bordering on conspiracy theories (of which there are already too many on PPRuNe). To spell it out, you speculate BK is planning some kind of criminal heist, essentially white-collar bank robbery by defrauding lenders, aka bankruptcy fraud. I think the explanation is far simpler: BK tries to build a clever corporate legal structure to circumvent certain laws (and this is not a crime). He has already done that, by having pilots employed in NAN, NAS is able to wetlease aircraft and use pilots not employed by NAN to break the streak without making it strikebreaking from a legal standpoint. The way I understand it, if pilots were employed by NAS directly, he would not be able to do that (legally). What he already does is a legal grey area, a "creative" legal structure. And his plan is to "perfect" his parent/subsidiary (holding/operating company) structure, with more front-ends to further split pilots, employing them at different T&C's etc, and destroying their abilitities to effectively bargain collectively (and strike). It's a much simpler, and therefor more plausible explanation imho.