Originally Posted by
3pointlanding
The best way to figure how Apollo will affect Atlas is to look at their other airline purchases. The airlines may be cargo or passenger, but the purchasing company's philosophy is the same. When Icahn bought TWA we all new what was to come, same with Eastern. Hopefully for my Polaroid friends things will turn out better
Luckily they haven't gutted previous airlines. That said having successive bank failures occurring combined with dropping freight rates right as Apollo buys us is a little unsettling. Credit Suisse and a basket of other American banks are creaking under strain tonight. A lot depends on how Apollo's other investments look.