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The 120 day suspension was because the company filed it to try to save the integrity of the 121 certificate. They want to sell the certificate to investors, and if the FAA has control of it, then there is absolutly nothing left. The only saving grace is that they can sell the certificate and use if for other purposes, which is supposedly the plan. Apparently the consent agreement between the FAA and Regions was signed late this afternoon. Investors have made their proposal and Corpexers should be hearing something next week. Good or bad for the employees, who knows??? Only time will tell...
Good Luck. Hopefully the furlwd Pace guys will find a good flying job.
Hey 10early,
The lights are still on here. The investor is a real person. The
DO met with him for quite awhile. Been told he is a nice guy.
His idea about things has been stated fly airplanes, have fun doing it and make some money. Also have been told the deal may have already been done. thats all I know about it. But there is always a chance it could still get screwed up. Give me a call