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Old 08-18-2010 | 05:49 PM
  #45489  
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80ktsClamp
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Joined: Oct 2006
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From: Poodle Whisperer
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Originally Posted by Carl Spackler
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.



See above...after you check with management first that is.

Carl
Bingo, Carl.

Slow gets the special ed post of the day. I couldn't believe what I was reading when I read that. Especially since widget land was a management fart away from going full belly up a few short years ago.