Arrow Air to cease operations

[pilotpm]

1. ATA
2. World
3. NAA
4. Arrow
5. ??

who's the 5th?

I forget the name but it was a South or Central American airline.

 

[mbw]

I forget the name but it was a South or Central American airline.

yea..I remember now...VARIG, which is technically no longer....so that only leaves NAA, and World!

 

[sat74]

NAA is doing quite fine and making some serious profits with their AMC business.

 

[pilotpm]

NAA is doing quite fine and making some serious profits with their AMC business.

Good to hear. I had heard they were loosing airframes.

 

[WabiSabi]

Good to hear. I had heard they were loosing airframes.

Mama Bear MP doesn't give me the warm and fuzzies. However, I believe NAA is gaining airframes. I recently saw a newly acquired 757 in Leipzig with an ugly green tail from whoever was the former operator.

 

[alpine1989]

Mama Bear MP doesn't give me the warm and fuzzies. However, I believe NAA is gaining airframes. I recently saw a newly acquired 757 in Leipzig with an ugly green tail from whoever was the former operator.

That green beauty in EDDP was probably Ryan Intl N526NA.

http://www.airliners.net/photo/Untitled-(Ryan-International/Boeing-757-236/1391763/L/

The aircraft continues to operate with the original National Airlines registration.

Global may be profitable, but they carry a heavy debt load.

 

[billjohnson321]

yes they do carry a huge debt thanks to ATA

 

[Sky Jet]

They shed all the ATA debt in BK. That after using ATA as collateral to buy NAA/World. These guys are scum who I would wish ill to except that when they go down they will take many employees lives with them. They have left a swath of destruction at every airline they have touched. I would however like to have 5 minutes in an alley with them.

 

[WabiSabi]

That green beauty in EDDP was probably Ryan Intl N526NA.

http://www.airliners.net/photo/Untitled-(Ryan-International/Boeing-757-236/1391763/L/

The aircraft continues to operate with the original National Airlines registration.

Global may be profitable, but they carry a heavy debt load.

It was the "NA" that got me!:0

 

[alpine1989]

They shed all the ATA debt in BK. That after using ATA as collateral to buy NAA/World. These guys are scum who I would wish ill to except that when they go down they will take many employees lives with them. They have left a swath of destruction at every airline they have touched. I would however like to have 5 minutes in an alley with them.

Both WOA and NAA were unsecured creditors in the ATA BK case. WOA apparently loaned ATA approximately $30 million in survival cash prior to the shutdown.

 

[billjohnson321]

World had about 50 million in the bank when ata holdings purchased them and north american for 350 million.at the time world was publicly traded and to go private it cost around 10 bucks a share to buy out the shareholders.ata drained the 50 million bucks in a few months then shut down.so world and north american basically bought themselves for 350 million and is now saddled with that debt.that debt did not go away with the bankruptcy.the people who ran world at the time walked away with millions for selling out.

 

[billjohnson321]

capitalism at its finest

 

[Sky Jet]

We are talking about the same thing. ATA airlines bought no one. M/P was behind all of these deals (ATA Holdings, GAL etc.). They used different names and different shell holding companies, but it was them behind the curtain. ATA was run by some klowns, but they could not of thought up these kind of deals for all the tractors in Hooterville. These deals were put together by Wallstreet shisters and they most likely will kill off the remaining airlines with their greed and leave the employees and creditors holding the bag while they jet off to their next conquest.

Jet

 

[YV-135C]

so, allegedly AR nearly bought it but changed his mind at the last minute.
it's all up in the air now, but allegedly LS will be footing the purchase bill.

 

[rod farva]

Is Arrow's callsign "Big A"?

 

[pilotpm]

Is Arrow's callsign "Big A"?

Yes it is.