PPRuNe Forums - View Single Post - Jetsgo Ceases Operations
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Old 15th Mar 2005, 03:28
  #40 (permalink)  
Left Coaster
 
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Read the CTV article on MSN Sympatico...he was doing it at ROYAL, and did it at Jetsgo..using unearned revenue to pay bills and salary, it's called a PONZI scheme and it's the only way he knows how to play. It means that all the $$$ the company claims to have hasn't been earned yet, only projected. How the industry in Canada puts up with time after time is a mystery. Those who "trusted" Leblanc with their cash won't get it back and too bad for those who thought it was OK. It drove the industry back into the dark ages to when guys like Millard got away with the same sort of money for hire nonsense. Wake up Canadian pilots, your jobs are in danger from these kind of men...
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