ASAFOE120
Well-known member
- Joined
- Jan 12, 2002
- Posts
- 353
Isn't this all a moot point anyway? Section I (Scope & Recognition) states that no more than 15 CR7's and no more than 40 CR2's can be transferred to skywest entities over the duration of the contract.
How will they get around that?
Jon Rivoli stated: "the only reason you (ASA) are profitable is because the contract SkyWest inherited when it aquired ASA is not tied to performance, were you paid under a contract similar to SkyWest's you would NOT be making any money. This contract has about three more years then it reverts to perfomance based compensation."
So you are stating that Skywest Inc. purchased ASA knowing that 3 years later we wouldnt be making Inc. any profits? Surely Atkin and the BOD would not have wasted all those millions to purchase us knowing that 3 years later we would be dead weight.
How will they get around that?
Jon Rivoli stated: "the only reason you (ASA) are profitable is because the contract SkyWest inherited when it aquired ASA is not tied to performance, were you paid under a contract similar to SkyWest's you would NOT be making any money. This contract has about three more years then it reverts to perfomance based compensation."
So you are stating that Skywest Inc. purchased ASA knowing that 3 years later we wouldnt be making Inc. any profits? Surely Atkin and the BOD would not have wasted all those millions to purchase us knowing that 3 years later we would be dead weight.
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