Sadly I'm of the humble opinion that XL is ultimately doomed. While part of the Avion Group they never made money, the costs of the ACMI arrangement meant that they involved themselves in a debt for equity swap to pay AAI'S bill 40 % first year then 40% next The Avion Group then sold back to XL in a management buy out a dead duck that is a long wayfrom making a profit. The writing is on the wall guys. XL have had a torrid year to date with horrendously unreliable 75 and 76's probably caused by inadequate maintenance in put. This obviously cannot go on. Next Feb the company might not even exist. The stats do not point in a particularly favourable direction.
