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Old Mar 29, 2014 | 6:17 pm
  #3  
ELY001
10 Years on Site
 
Join Date: Dec 2012
Location: NYC Area
Programs: UA Premier Platinum, Hyatt Plat
Posts: 1,312
Originally Posted by sds1493
I think it's time to place bets on when LY will go bust (or taken over)
It won't be taken over with its current union contracts and debt obligations.

Nobody wants to assume the mess that is the current EL AL. The company needs major restructuring but both the employees and the management are heavily unionized and therefore no serious restructuring can take place at this juncture.
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