JonnyK,
Pretty close. Global parked all their MD-11s. The only airplanes left are 2 World 744s and the NAA 767s.
The Atlas CEO has expressed publicly that Atlas wants to get into the Charter pax biz in a big way. Absorbing the Global assets would give you guys an instant turnkey Charter Pax business.
The other thing that would do for you is negate the downside of training/hiring issues in a start up deal. You'd have qualified crews and airplanes in place. There has been a persistant rumor that Atlas wants an East Coast base. JFK is perfect for that because it reduces the travel costs for positioning crews where the planes are.
Airplanes. Crews. Established base. Global dumps the airplanes/crews Atlas doesn't want.
Or as the said in Casablanca: "I'm shocked, SHOCKED to find there's gambling going on."