Originally Posted by
flyguy19348
How can you say that RAH doesn't need help? It basically doesn't even exist. RAH was a public company, and now all the stockholders are done, adios, caput, no more. And the new Republic is 60% owned by the majors which means the remaining 40% has to be owned by someone. That is fact straight from SEC filings. Bedford is an employee just like the pilots. He didn't own anything or if he did own stock then he now owns nothing. Fact remains the remaining 20 million shares of the new company has to be owned/purchased by someone. I am not suggesting it's AWAC, but please don't keep saying Republic is fine.
Good observation.I don't even understand how Bedford still has a job. He drove the thing in to the ground and they keep him after all this. To my knowledge there has not been a BK that did not result in pain for the pilots or employees in general. I know everyone there is trying to stay positive but don't be surprised if things go sideways. It would not be Bedford's first time.