Originally Posted by ToiletDuck
Get's old posting facts like the company stake in another company and somehow you still manage to try and argue it lol.
Eh, what the hell...what's one more.
1. Shuttle guys didn't get FIRED. I was
much closer to RAH at the time of that integration than you were, believe me.
2. You still haven't made the connection between RAH's BK stake in Delta and owning $91m of Comair. None of the "facts" you have posted support such an assertion, nor do any of the SEC releases I have read over that time say anything about RAH assuming Comair's debt.
Here is the 8-K RJET filed on 14 March:
Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.
On March 13, 2007, Chautauqua Airlines, Inc. ("Chautauqua") and Shuttle America Corporation ("Shuttle America"), wholly owned subsidiaries of Republic Airways Holdings Inc. (the "Company") have amended their fixed-fee agreements with Delta Air Lines. The amendments provide for early removal of all 15 E135 aircraft between September 2008 and April 2009 at a rate of 2 aircraft per month, and an approximate 3% reduction in the reimbursement rates on Chautauqua's 24 fifty seat E145 aircraft and Shuttle America's 16 seventy seat E170 aircraft for the remaining term of the agreements. In return for these concessions, the Company and Delta have agreed to a negotiated pre-petition claim in the amount of $91 million, and Delta will surrender all of its warrants on approximately 3.4 million shares of the Company's common stock.
Don't see anything about Comair or RJ-related debt in there...
As Stark would say, SEEEEEEEEEEEEEEEEEEEEYAAAAAAAAAA