maxblast72
Well-known member
- Joined
- Jun 5, 2006
- Posts
- 931
Airtran management could get sued by AAI shareholders if they tank this place and take AAI's stock price from $5/share to nothing.What is the worst thing that can happen to them?
Wrong, Airtran has over $1 billion dollars in debt that doesn't just disappear when management wants it to. Also, remember most of upper managements compensation is in the form of AAI stock, some of which hasn't vested yet. The top 15 guys at Airtran have around 2.5 million shares of AAI. That is alot of money to lose if they tank this place.They shut down Airways and keep all the money they already made plus severance?
Considering that Airtran barely is able to run their 138 aircraft now with around 1,400 bidding pilots, do you really think they are going to be able to replace 1,000 or so guys quickly? We need management to come up with a business plan, obtain airplanes, and choose routes to fly them on while management needs us to fly airplanes safely and efficiently. If either side screws up or withdraws their services, Airtran Holdings starts bleeding money real fast. Why shut down a money making business that made on average a little more than $10 million a month in 2009?