Originally Posted by
V1 ROT8
There is a clause in the contract and leases that says AAG could assume the leases on the aircraft if RAH is unable to meet a certain performance metric.
There is not. Only in the event of a work stoppage can those leases be assumed.
Originally Posted by
V1 ROT8
AAG essentially co-signed for the aircraft.
This CPA was signed when AMR was in bankruptcy and their "co-signature" wasn't worth anything...also AAG didn't even exist yet.
Anything else you'd like to tell us?