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I was working for Valuejet back in those days and it seems like they mostly wanted a new name so that the pax didn’t associate them with the accident. They may have had other reasons but I think it was primarily driven by marketing rather than liability.
In the case of colgan, they probably need to get to sued, unless the NTSB determines that it was hit by a meteor.
The families are due something, and the insurance company would lowball them if they did not sue...just the way it is. There are kids to support, and put through college...
Once a lawsuit is filled, it is too late to hide assets. I'm sure that Colgan's insurance will get maxed out, but they will also tap CAL...their policy is probably worth one billion or more.
As to whether this will affect 9E, it all depends on the corporate structure...9E will probably be shielded if the corporations were built properly.
That is not something to be proud of. In fact, I would be embarrassed to tell people I flew for Valujet.
I certainly wasn’t trying to come across as being proud.
Why would you be embarrassed?
I was working for Valuejet back in those days and it seems like they mostly wanted a new name so that the pax didn’t associate them with the accident.
I am sure that this rumor was probably started by a bunch of middle management types with no actual info.