Originally Posted by
stbloc
I may be wrong but didn't they help bail US Airways out and provide exit financing? I would find it hard to belive they would leave them high and dry. Also don't they have a seat on trhe board. Can someone chime in with knowledge on this?
They sold all rights to the board seat in 2007/2008. Sold the stock for 400 million plus. AWAC has no rights execpt for what is in the Jet Services Agreement with Airways. Which is confidential.
They did bail them out.. Agreed but that was 6 yrs ago too.