The objection is that "European ownership" and "European control" of GSS are shams (a more politically correct term I've heard in relation to this is "legal fiction"). Atlas came up with the idea. An Atlas vice-president set up the original "UK" company ("Nouvelle Ligne" or something like that) whose name was changed to GSS. Atlas shopped around for a UK partner to become the "principal investor," finding John Porter after at least one other backed out late in the game. Atlas will reap the income of dry-leasing the airplanes to GSS off the top, before risking any market loss (that will be shared 51% by John Porter's group). Anyone who believes that anyone other than Atlas will be calling the shots at GSS has been drinking some funny kool-aid.
GSS is nothing more than Atlas management's plan to continue to line their pockets, regardless of who is hired at pauper's wages or who is furloughed or "made redundant" or who else loses their shirts. Those who are advocates of "UK" or "European" based companies doing UK or European work should object, too.
Last edited by Intruder; 29th May 2002 at 18:17.