FLY DOG DUDE!!!!
Let me spell this out for you.
1. Atlas Worldwide Holdings owns Atlas.
2. Atlas Worldwide Holdings owns Polar Air Cargo.(they purchased Polar from General Electric during last QTR. 2001
3. Both Companies fly B747 Classics and B747-400's.
4. If Atlas furloughs 170 Pilots where do you think they will look for their next job? Not a tough question FLYDOG...
5. Where do you think the 747's that Atlas is furloughing these guys from will go? Again not a tough question since we already know Polar is hiring.
6. Now for the financial questions.....
7. Will the Equipment Payments change for Atlas Worldwide Holdings??? No, since they own both companies it just goes from one balance sheet to another.
8. Will the Pay Roll change for Atlas Worldwide Holdings? Yes since all of these furloughs are on at least second year pay and it will take most of them at least another year to get back to that pay. --Hope your still with me.
9. Now, the Big question......What kind of deal does
Atlas Worldwide Holdings have in place for Training Costs. Its probably pretty good since the wheels are turning.
By the way Flydog, The Yellow on Sectionals is proportionate to the amount of dogs in urban areas peeing on Fire Hydrants at any given time of Day. LOL