The short answer is yes. Documents that came out during the Global/World/North American bankruptcy painted a picture that neither airline was expected to survive after the wind down of the war. The Matin Patterson folks desired to pull as much cash out of the operation before it happened.
Originally Posted by
CLMP
Thanks for the info. One question: was North American already on shaky financial ground when this guy was brought in? The reason I ask is that Allegiant is very strong financially and I don't see a shutdown anywhere in our future (except for the one WE are going to create). This guy seems like a hired gun brought in to keep employees at bay and make the ultra rich even richer. He's going to be met with 500 fed up pilots on Day 1.