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There will be no merger, so don't worry about that. Worry about Matlin Patterson Global Opportunies Partners II, the vulture fund that raped and pillaged ATA, saddled it with the debt from purchasing WLDA, and torched it.
I believe they are in the process of closing on Arrow Air, and a company like Gemini fits right into their M.O. They are eager to resurrect their South American interests, since their Variglog deal turned to sh!t and they had to run around S.A. repo'ing airplanes this winter.
Good luck, you're going to need it.
I disagree, regarding the debt and I may add all significant operational support effectively ended when the GAL transaction closed. M-P picked the operation with the highest labor costs, and deliberately tanked it.
World and NAA - if they are profitable now - are only so because of the HUGE windfall of business they recieved as a result of the lion's share of the AMC flying being re-directed to those properties. They'll look like hero's when they launch the IPO - at the expense of 2,500 ATA employees and their families.
How are our former DC-10's working out for you, by the way?
MD11 Drvr, I don't think you will change Cat. Seth's mind. It's plainly obvious he has a chip on his shoulder and wants to place blame on fellow pilots instead of the corporate weenies or maybe his own company.
But I appreciate the posts, very educational.