Tue, Sep 14, 2004
Grinstein "Hopeful" After Talks With Pilots
Okay, here's the bad news: Delta
airlines executives are meeting with bankruptcy lawyers.
Now here's the good news: The airline says there's a glimmer of
hope in talks with its holdout pilots, the best paid flight crews
in the business.
Just after announcing the struggling airline -- America's
number-three carrier -- would lay off up to 7,000 employees, CEO
Gerald Grinstein said he's now "hopeful" he can reach a deal with
the pilots "by the end of the week."
The "tone" of the discussions is reportedly what fueled
Grinstein's optimism, according to Reuters.
And yet, as if to dangle a sword over the negotiations,
Grinstein sent managers to talk with the lawyers about filing
Chapter 11 bankruptcy.
"We want to be prepared in the event we have to file," Delta
spokesman Dan Lewis told Reuters. "We are doing what is
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