Arrow Air to cease operations

[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.