Originally Posted by
DiveAndDrive
Doom and gloom?! Sounds like one of our owners just joined the BOD of United
"In 2005, US Airways was in bankruptcy court, trying to raise enough money to emerge and continue operating. CEO Bruce Lakefield put together a deal to raise about $1 billion; among the investors were Richard Bartlett, then chairman of Air Wisconsin, and Ed Shapiro, a partner at Boston hedge fund PAR Capital Management, who last week joined the board of United Airlines."