Assignment:
As you review the information, pay particular attention to those elements that pertain to the role you have assumed. Your instructor will assign you to a group of no more than 6 people by Day 1 of the week. You and your group members will each assume at least one role. If your group has fewer than 6 members, some people may have to assume an additional role so that all roles are accounted for. Your group will send an email to the instructor by Day 2showing what members are assigned what role, and the instructor may decide to make alterations in order to ensure the best learning outcomes.
Bankruptcy trustee (and record keeper)
Long-term bond holder
Lease holder (lessor) of aircraft leases
Pilots
Flight attendants
Management- this is YOUR ROLE
Your task is to reach a mutually agreeable resolution through negotiations that is fair to all and meets the requirements stated above in order to allow the airline to continue operations. You will use the following guidelines for your activity:
1. You will negotiate based on your assigned role (Manager); one role will be that of the trustee who will keep records of the current state of negotiations.
2. Although in practice this is a multiparty negotiation where all parties are negotiating with all other parties, all offers and proposals will be made through the trustee.
3. Representatives of each group should first propose to the trustee how much they are willing to give up. Each party should negotiate both the immediate debt reduction needs and the ongoing expense reductions (through wage/benefit cuts, reductions in outstanding debt, or interest rate concessions, etc.).
4. For the employee groups, assume that the currently owed debt is negligible, and thus the only debt that that employees can immediately forgive is from the pension obligation.
5. Based on this first round of offered concessions, the trustee can negotiate with the parties individually or can present an overall plan.
6. Each party is also free, at any time, to propose an overall plan where total concessions equal the totals needed in order to keep the airline viable. The overall goal is a plan that is acceptable to all groups that meets the two primary criteria. In your negotiations, you should keep in mind that every group must give up something.
Schedule of Activities:
Your initial response to the trustee of your initial offered concessions is due by Day 3 of this week.
The trustee will respond by Day 4 of this week.
Additional rounds of negotiation will continue until a consensus is reached.
Your written assignments must be 2 paragraphs must follow APA guidelines. Be sure to support your work with specific citations
Attachment:- Bankruptcy Negotiations.rar