Feel sorry for all the personnel involved.
But as far as the company directors are concerned my feelings are quite different. One such director is Mr.Gutelman who now swiftly goes through his second airline bakruptcy in ten years: first TEA in 1991, now City Bird in 2001.
'Bis repetita placent'.
The Courts will decide whether he was fraudulent or just unfortunate yet again(?).
But one thing is for sure: he should not get a third chance, neither directly, nor indirectly with someone else acting on his behalf.
Let City Bird's liquidator be warned! He should not accept any take over of City bird assets that may lead to a third scam!
Gutelman or his companies now owe billions of dollars to a multitude of creditors, but he keeps his smile...