Originally Posted by
Three Green
Tell Phil Trenary that when I was with Pinnacle. Unfortunately, someone shot him in a robbery attempt a couple years back
Obviously airlines can and do go bankrupt. And private equity does some very creative and sleazy things.
But there is a world of difference between a management team of a public company following a strategy that fails (such as rapid growth or acquisitions), and a management team taking a public company that is profitable and deliberately running it into bankruptcy.
The latter does not happen; pilot belief systems notwithstanding.