Originally Posted by
slice
The question is, will the financial problems of the 737 operation bring the whole company to a halt ? Or have they managed to financially quarantine the profitable turboprop operations from the 737 ops ?
From publicly available information there's no financial firewalling between any of Rex's operations. The "parent" Regional Express Holdings has deeds of cross guarantee with all the Rex entities (
eg Pel-Air, Rex Freight and Charter, Rex Investment Holdings, the Pilot Academy, etc). The debts of any entity become the debts of the parent and
vice versa. Much like Billy Joel sang, "we'd all go down together".