Heil,
Well first off AAWH is not privately owned. Nor was CGO. So not much was "paid for". The statements and numbers I reference are all available to anyone who wants to read them on "edgar." It is ridiculously easy to discern the "scheduled" vs. "ACMI" numbers even though AAWH tries to hide them.
And then there are the company releases. I have a few friends at both carriers. The company confirms that Polar has never made money. I used to work for Southern Air. Polar never made money there. Yes I know they were a start-up. Funny how Atlas was a start up on their own certificate, at almost the same time, yet they made money.
Yes, I know what a relief it would be if AAWH would dump Polar. Not Naive at all, although still do have a small position with AAWH.pk. It's unfortunate that the Polar pilots feel as they do. You'd think they would have wondered about things when GECC dumped them for a mere 50 mil + releasing AAWH from ALL debt. CGO was a player. AAWH is not. Too bad.
Not really taking sides; just hate to see the Polar pilots ride this one into the dirt with their blinders firmly in place. Seems like most Atlas pilots I know are aware of the drill and most are actively seeking employment elsewhere. The Polar guys, however, seem comitted to riding this one into oblivion with their bugles blaring. Too bad. They should learn to read financial statements and the company rumor board.
Atlas could still be viable, but not with Polar attached. ACMI might be limited but there is still a small niche there. Polar, with their limited sales ability, as proven over their history, is dead. Just hope they don't take Atlas with them. hhhmmmmmm.....ok well maybe I am taking sides a little bit. Just my opinion of course.