Lorenzo did the same thing when he took over Eastern. He moved or sold assets to for a pittance to other companies he had formed. He sold one of the few assets that ever made money, SODA the Eastern reservation system for pennies on the dollar.
A true dirtbag...[/quote]
As an Eastern A300 s/o I was doing the walkaround on fine day in IAH next to a CAL A300. A nice new air cart was between our aircraft with a nice new CAL logo sticker. THERE WAS AN EAL STICKER UNDERNEATH! Thats when I decided to bail and go freight(1987). It was not the CAL pilots fault by ANY stretch....it was dirtbag business by Frank and the like.