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Old 08-13-2011 | 08:34 AM
  #15  
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BoilerUP
Doing One Pilot's Job
 
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Eastshore Aviation, LLC got a seat on the LCC Board of Directors, $125M in common stock, and a 10 year cost-plus CPA for Air Wisconsin Airlines Corporation in exchange for $125M in exit financing for the merged Airways/America West. Some folks might remember Republic Airways Holdings also put up $125M in exit financing for LCC.

Eastshore sold their $125M in LCC stock for somewhere around $400M before the stock market tanked in 2008, and surrendered their seat on the board.

Tripling their money in less than 4 years, plus guaranteed profits from AWAC for a decade? The Amigos may be a lot of things, but financially stupid ain't one of them.
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