Atlas $2.4B in debt, Bain to invest in Titan
#1
Atlas $2.4B in debt, Bain to invest in Titan
WOW didn't realize balance sheet was this bad.
https://www.freightwaves.com/news/bain-capital-to-invest-in-atlas-airs-aircraft-leasing-unit
https://www.freightwaves.com/news/bain-capital-to-invest-in-atlas-airs-aircraft-leasing-unit
#2
Gets Weekends Off
Joined APC: Jun 2017
Position: 777 Left window seat
Posts: 632
I’m guessing that going to Bain wasn’t their first choice. However, given AAWW’s recent financial performance I’m sure the capital markets were not very welcoming.
#3
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Joined APC: Feb 2008
Position: Retired
Posts: 651
WOW didn't realize balance sheet was this bad.
https://www.freightwaves.com/news/ba...t-leasing-unit
https://www.freightwaves.com/news/ba...t-leasing-unit
#5
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Joined APC: Apr 2007
Posts: 1,796
#6
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Joined APC: Feb 2008
Position: Retired
Posts: 651
But yea, it is the fault of the current pilots.
#8
Line Holder
Joined APC: Dec 2018
Posts: 95
#9
Last 747 class of 24, 17 pilots showed up, from what we heard.
#10
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Joined APC: Apr 2016
Posts: 698
There is a work slowdown, because there's not enough pilots at Atlas/Southern to do the work asked for by the customers. The ONLY way to fix the work slowdown, including a lot of parked airplanes due to lack of pilots, is to get a new, good, contract done ASAP.
Last 747 class of 24, 17 pilots showed up, from what we heard.
Last 747 class of 24, 17 pilots showed up, from what we heard.
A 777 class in early December netted 1 (one) whole pilot.
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