Go Back  Airline Pilot Central Forums > Airline Pilot Forums > Major
Forbes: SWA Going Nowhere >

Forbes: SWA Going Nowhere

Search

Notices
Major Legacy, National, and LCC

Forbes: SWA Going Nowhere

Thread Tools
 
Search this Thread
 
Old 06-16-2007 | 12:26 PM
  #81  
OscartheGrouch's Avatar
Gets Weekends Off
 
Joined: Jun 2006
Posts: 998
Likes: 0
From: B737/Capt
Smile

Originally Posted by NGINEWHOISWHAT
Exactly. That raises the point of private equity. The Blackstone group is about to go public for the same private funding that saved U.S. Air through the Texas Pacific Group. USAir is doing well, but it is not due to corporate welfare. The government turned them down, they had been in BK twice, and were on their way out. In stepped David Bonderman and the TPG. No welfare, no subsidy, just a savvy business man that realized a tarnished name that needed a little help. I'm a little foggy on the AmWest loans, so I'm sure someof you will correct me.

Tom
Tom,

This horse has been beat to a pulp. In bankruptcuy someone loses including the employees and creditors (as well as others). Only management seems to come out with their financial future secure. Bankruptcy is welfare and a subsidy just ask the Alabama Pension Fund which lost tons of money in USair's first BK. Just my observation. A savvy businesman knows when to come in and pick at the bones.

Last edited by OscartheGrouch; 06-16-2007 at 05:20 PM.
Reply
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Gman
Major
116
11-18-2013 06:40 PM
S80 Dude
Major
11
05-16-2007 08:07 PM
Riddler
Major
30
04-27-2007 12:20 PM
SWAjet
Major
0
05-10-2005 03:54 PM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



Your Privacy Choices