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Old 05-10-2023, 11:45 AM
  #1  
AirBear
Gets Weekends Off
 
Joined APC: Dec 2017
Position: Retired NJA & AA
Posts: 1,920
Default Wheels Up consulting Bankruptcy Advisors

https://www.ainonline.com/aviation-n...ource=hs_email

-CNBC is saying after an additional 21% stock price drop the company is consulting bankruptcy advisors

-Warren Buffet says clients who prepaid for block hours at WU are "going to be disappointed"

-Lawsuits are being filed over the restatement of 2022 financial results

-Kenny Dichter is receiving a VERY nice exit package. Keeps getting his $80K/month salary for the next 2 years, an immediate lump sum payment of $3M, 100 hours of flight time in WU aircraft (a questionable benefit at this point), and some stock options.
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