so a couple of Jetrangers on those contracts appears to be the core of what is left.
Let's not forget the poor sods who are in the middle of training ... for PPL, type, CPL whatever ... they have also been left in the lurch, not knowing where, or if, they can continue their training elsewhere.
Me, I just have an LPC to worry about.
Just where did all the money go?
Ain't that just the million dollar question.
The current losses appear to have been caused by crippling interest payments on the mortgages plus some ill-qualified lawyer and and an even more ill-qualified MBA decided to gamble and re-mortgage the assets in Euros thus suffering even more crippling exchange losses.
Cheers
Whirls