I think Parker was quoted as saying that AWA sans merger (my personal preference,by the way) would have been in dire financial straights 12-16 months down the road with a possible CH 11 filing and no one willing to provide DIP financing if we did. I also think Parker is a BS Artist. I mean if ATA was able to get DIP financing and they are only half the size of what they once were, I think AWA would have found some willing investors stupid enough to invest here,too. I for one was willing to take that chance,rather than put up with all the merger related crap......but then,what do I know? according to Lear, I'm only a dumb "2 year F/O".....
PHXFLYR
Oh and by the way,another interesting Parker quote from the March 29 Brown Bag lunch at the CLT Training Center which I attend. USAir needed the 125 million dollar deal with Air Wisconsin because they didn't have enough cash on hand to stay in business until the Sept 29th closing date. Don't believe me? Acess the hub and play back the video for yourself..... PHXFLYR