Midwest Airlines Pressing Hard For Pilot Concessions Using Bankruptcy Threat – 07/25/08
By Doug Cunningham
Midwest Airlines is pressuring pilots for concessions threatening to declare bankruptcy if the pilots union doesn’t give the airline what it wants. The union says the concessions are drastic. Midwest has set a Friday deadline for a concessions agreement it says it needs to avoid a bankruptcy filing. Cuts are being imposed on flight attendants as well. Midwest is owned by a private equity consortium headed by TPG Capital.