PPRuNe Forums - View Single Post - Erickson Air Crane troubles continue.
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Old 10th Nov 2016, 11:52
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onetrack
 
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I'll hazard a guess that having a fleet of both rotary and fixed wing aircraft that has at least 12 different types and models in it, as well as the two different flight styles, isn't exactly the way to ensure a low cost base, when it comes to corporate operating costs.

In addition, effectively throwing away $18.5M to settle a lawsuit over a poorly-handled takeover, is also a guaranteed way to get into financial strife.

Maybe the directors need some additional training in how to manage companies effectively, and how to do so, with the primary company aim totally and permanently focused on operating profitably.
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