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AQ PILOT said:I'm curious....what is Lydia giving as an excuse? She SO needs to go bye bye....
English said:Here's what happened over the last three weeks...short version...ARGHH!
Uhhh, I thought he was flight ops. You are at the point I have been in the past with companies where nobody would help. It's time to be such a nuisance that they pay you so that you will just leave them alone. Call PM, call, Pua, call every stinking person in Flt Ops. Everyday. Everyday at 8am. Then call them at 4PM. They'll get sick of it. Ask every one of them what they would do and how they would feel if they were in your shoes.English said:Did that. He said I had to go through flight ops.
Hugh Jorgan said:Don't read the second to the last paragraph while drinking milk.
English said:Good news then bad news, then good news, then ?
Aloha Airlines Closes on Financing, Pays Off ATSB
HONOLULU, April 1 /PRNewswire/ -- Aloha Airgroup, Inc. and its principal
operating subsidiary, Aloha Airlines, Inc., today announced that they
have finalized a $65 million debtor-in-possession (DIP) financing
facility with Ableco Finance, LLC, an affiliate of Cerberus Capital
Management, L.P., and Goldman Sachs Credit Partners, L.P. With the
facility secured, Aloha's first order of business is to use a portion
of the funds to pay off its Air Transportation Stabilization Board
(ATSB) federal loan guarantee and certain local bank term loans.
Aloha is repaying its ATSB loan guarantee two and a half years ahead of
its scheduled maturity. The ATSB program was designed to help the
nation's air carriers recover from financial losses due to the
terrorist attack on the United States on September 11, 2001.
Source: Aloha Airlines
Eagle-ista said:In bankruptcy, lost $8.1 in the last two months, and the first priority is to pay off low interest, federaly subsidized ATSB loans by begging for $65 million from Cerberus and Goldman Sachs?
I doubt Wall Street is loaning Aloha money at a rate lower than the government.
RJP said:Any validity that the $60 mil loan AQ is getting is at some ridiculous 'credit card' rate like 18% plus a mil transaction fee, plus etc.
dash8driver said:i dont know about the fees, but that 16.xx% rate that was in the paper is supposedly wrong. its actually (supposedly) more closer to a home 1st mortgage rate.