Southern was small but profitable...making about $12 million a year prior to the purchase. The bankruptcy shed a lot of debt (at the expense of the creditors). However, with small earnings it was difficult to lease additional 777s. Customers wanted 777s but weren’t willing to commit until a plane was on property for them. Little Ol’ Southern didn’t have the cash to buy or get the banks commit to a lease that runs $1.3 million a month or more unless they already had a customer. Atlas didn’t buy Southern because it was losing money. It’s made them a tidy profit the last 2 years.