islandflyer
Member
- Joined
- May 5, 2002
- Posts
- 12
The organizing committee is doing the honorable thing
islandflyer said:The above is a discussion of aircraft sales. Next is the reporting of service and management revenues.
When are management or flight hour revenues reported to stockholders (over a billion dollars) not unqualified revenues. Answer, when you have reason to believe you might have to refund those money's for whatever reason to the aircraft owners. Owners who may find out many of their flights were made in aircraft the management company knew to be unairworthy.
If there is a chance of this then the stockholders have to be informed. You have to audit your wayward division and find out just how bad the damage is. You do this with the SEC axe over your own head knowing that if you don't, they will and then you will have lost all control over remedies.
When you are done auditing, you report to stockholders. If you want to know if the auditing is complete look for statement on February 3rd or 4th report to stockholders.
If there is no report to stockholders concerning flights in unairworthy aircraft and possible refunds of previously reported revenues to owners then it means that the auditing has only just begun and will get much more thorough. Flight leg by Flight leg. This buys Raytheon more time under the pretense of being thorough.