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Old 22nd Sep 2020, 06:50
  #779 (permalink)  
Atlantic Explorer
 
Join Date: Feb 2018
Location: UK
Posts: 276
Received 5 Likes on 2 Posts
Lake can only boast about his cash reserves as he keeps shovelling his own money into the company, has done so for years. It’s his pet, always has been and any other normal business would have gone bust years ago. The difference this time maybe is there’s a limit of how much he is willing to pour into a black hole. Paying staff the industry rock bottom and operating clapped out old turboprops is certainly a saving grace financially however.

Having Ejets/ ERJs sitting about not earning any revenue though is of concern as they’re leased.
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