Originally Posted by
slowplay
Just checking, but didn't NWA nearly go bankrupt in 1993 AND go bankrupt in 2005?
In 1993 we nearly did because of over 4 Billion dollars of LBO debt being piled atop a company that had zero debt prior to the LBO. Had nothing to do with flying DC-9's. How do you think Delta would have faired in 1993 if somebody had LBO'd you and put 4 Billion of debt on your balance sheet?
In 2005, we did file. Someone else did as well on the same day...who was that again? Can't think of the name but it was probably another DC-9 airline.
Originally Posted by
slowplay
Maybe all those gas guzzling DC-9's weren't as profitable as the "spin" you provide!
See above...after you check with management first that is.
Carl