Originally Posted by
27 driver
Where is this info. It was my understanding that Oak Hill bought SAI and not C360. Please post a link as it might shed some light on the situation.
Look for a link to the DOT (OST) website. Then look for either one of the carriers and you can read all the legal details.
It's all explained there in the legal filings. The way OHCP worked it was to fund C360 to buy SA, then fold it into a new company called Soutern Air Holdings. They get to depreciate the assets again that way - Score: Oak Hill 1, IRS 0!! Score: C360 crews F@cked!