Originally Posted by
SASless
Surprise...surprise...surprise! As Gomer Pyle used to say..
https://www.financierworldwide.com/f...s-in-25bn-deal
Private Equity Funds buying businesses they know nothing about....done on a house of cards.....what possibly could go wrong?
The big shareholders who scored big on the sale are probably laughing into their Latte's this morning.
Aaron Todd's words ring a bit hollow today.
How do you reckon this will pan out SAS? Chapter 11 is not exactly the end of the world, death knell for the organisation?? Wonder how many jobs loss, medical clinics / hospital contracts up for renewal will not be reneweed?
With the size of the organisation, i guess it be nigh on impossible for the employees , say 100 or so pilots and engineers administrators / flight ops managers to take over themselves...
cheers