New owners
The word on the street is that the 29th August is about new ownership not ATRs.
Regional Aviation requires a more committed leadership team. Commuting Accountants and lawyers rarely fit in general or regional aviation leadership. Could be a case for maintaining the Current fleet as suitable for the operating environment. New owners would focus on the customer, rationalise routes, abandon the cash-flow/high utilisation model and give the aircraft time in the shed.
Will be a tough turnaround but possible. The leaseback arrangement is a major impediment on the business again the masterstroke of bean counters.
Senior leadership and far to much influence from the major (65%) shareholder has long been APNG,s issue.
As Charles from Darwin apparently said "Fish always rot from the head" or was he talking about adapting to change?