Minorite Invisible
Good post you seem to have a handle on the goings on at AC. Everyone thought that the vulture funds were tossing AC a helping hand during the bankruptcy but reality proved quite different. AC survived in the past in spite of all the Government meddling by being a whole company. The vulture funds with the help of inept senior management/board of director’s sold off all the profitable arms of AC and then expected it to survive and service its financial obligations in a worldwide recession. A classic story of money manager’s greed with little knowledge or insight into the blight of the industry. The travelling publics wish to travel on the cheap but cry foul when the industry training/ maintenance safety standards go down the toilet hasn’t helped the industry.
Maybe in the collective wisdom of government a new regulation will be passed prohibiting airlines from losing money.