Well lets see.
Chowdry's BBJ was a lease, and a mighty good one at that. In fact Boeing just about GAVE him the thing. The Albatross was bought with his own money.
I any case the 600 mil that Atlas had in the bank was after Chowdry passed away but before Atlas bought Polar. The proof that Polar is AAWH downfall is obvious to anyone who can read and understand an 8k or 10k report.
AAWH is going down the tubes and has been since they bought Polar. GEE I wonder what can be causing it. Atlas lost a few ACMI contracts and gained a few. Atlas has a few more airplanes and have dry leased some. Nothing in the mix could be causing the hemorrage except Polar. Polar is the ONLY thing in their current business model that could possibly be the big money loser.
Once they bought Polar they comitted to the business model and to the scheduled routes. I agree that Atlas management is no great brain trust but they would be a whole lot better off financially if the Polar section wasn't dragging them down. How can Polar pilots say they are supporting Atlas when Atlas is going broke at such a rapid clip? What kind of support is that?
BTW B74flyer, since I have invested in CGO in the past and since I invest in a number of airlines that operate out of my city, I listen in on the company and AIRINC freqs to get a hows-it-going feel for my investments. Polar has left the International Airport (not the AFB) a few times in the last 2 months headed west with "Zero-Cargo."
Last edited by Beaver Driver; 9th January 2004 at 09:27.