Originally Posted by
daOldMan
They were the advisors that saved Monarch Airlines, if memory serves correctly.
Seabury was also an engineer of the Pinnacle/Mesaba/Colgan bankruptcy.
This is starting to sound like the Pinnacle/Phil Trenary playbook--a sham bankruptcy for Bedford to extract as much money as possible from the shareholders prior to Chapter 11, after which one of your codeshare partners or a private equity group will finance you out of bankruptcy, slap a bankruptcy contract on you, and lay out a plan for your future operational structure.