Thread: Pace Airlines?
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Old 09-13-2009 | 11:29 AM
  #111  
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yoke jerker
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no way someone walks in and buys it without:

1) bringing pay current 1.5 mil (guess) 3 pay periods
2) having enough to make pay current and keep it current for some time until revenues allow for company to be operated with positive cash flow
3) makes payroll taxes, quarter ends sept 30
4) works a deal with airport auth for back rent 880k owed
5) reworks leases or gets a deal on those
6) pays insurance premiums going forward
7) proves to state,federal agencies including but not limited to
IRS,FAA,DOT,DOL, and others that it has cash to operate properly

we are not going from the frying pan into the fire... no way, no mas

Last edited by yoke jerker; 09-13-2009 at 12:40 PM.
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