Originally Posted by Dutch74
They did this years ago by buying a couple of -400's when the market screamed for classics... Almost put them out of businness.
It's true that AAWH filed for and subsequently emerged from bankruptcy but that doesn't mean they were almost out of business.
The bankruptcy was a legal maneuver after the SEC wanted to do an investigation.
SEC: We want to see your records.
AAWH: Um, we seem to have "lost" them.
SEC: We're still going to investigate.
AAWH: Actually, did I say we lost them? I meant we're bankrupt. You wouldn't investigate a poor little bankrupt airline would you?
So: Atlas may have almost been smacked around by the SEC but was never in any danger of going out of business due to the -400 acquisitions.
And now: The customers are screaming for -400s. The backbone of the fleet.