I think MC wanted it all - I think that buying Polar was next in line after his failed attempt to sell us to FedEx and be the President of FedEx World Wide - that is where the negotiations supposedly broke down.
The deal for Polar was 84 mil with 30 mil of forgiven debt and debt free airplanes. This smacks of Michael - he always wanted to deal with the big dogs. This is one reason he was so successful selling his product in Asia. And he was a fan of good deals. 54 mil for an entire airline was about what he paid for one of his converted freighters 534MC I think - so I am sure he would have seen it as a good deal even as a break up. His death probably put the whole thing into the tailspin it has been in since then. He was no dummy and I bet he saw the writing on the wall. But who can say.....
He was a great salesman. But he thought all of us (pilots) were glorified truck drivers. I wonder what he thinks now?
Last edited by DHC2 Driver; 1st Feb 2007 at 06:20.