Originally Posted by
747Flyer
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!
Maybe I am a little slow but here we go. If in fact C360 did purchase SAI then how are the C360 crews hosed. Wouldn't it be the SAI crews?