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.