The most suprising thing of all is that IMCA lacks any knowledge of succesfully managing even a small airline!! They have taken over a dutch BA franchise BASE and that went bust. Restarted it and that went almost bust (only 4 staff left) they bought KLM franchise KLM Exel who are almost bust and now they act like they can do what both Swissair and BA couldn't do????
These guys are traders and want to finance aircraft but running a near bankrupt airline with a lot of union involvement? I would be very surprised..