Originally Posted by
Aquapilot
Thanks Winglet for the continual updates.
As suspected, they are really going to have to cut some expenses to get back in the black
Aquapilot,
The negative numbers are reflecting the fact that MAG is now beginning to park a large number of aircraft (United Express) but is still obligated to pay leases and interest payments on the aircraft that haven't yet been "
rejected or abandoned". The clock is ticking and there is now some intense pressure to settle the litigation issues and/or get new lease and debt agreements approved by the Court before the piggy bank is empty.
winglet