Thread: Wheels Up consulting Bankruptcy Advisors
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Old 05-19-2023, 07:25 AM
  #3  
halcyon4
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Joined APC: Feb 2014
Position: B767, Captain
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Originally Posted by AirBear View Post
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.
Once the rumors fly it becomes a self fulfilling prophecy.
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