UA76Heavy From United States of America, joined Apr 2007, 181 posts, RR: 0
Reply 2, posted (7 years 6 months 2 weeks 3 days 7 hours ago) and read 1959 times:
I read (I think it was in AWST) that many in the finance world viewed O8 as being under-capitalize for the business model they were pursuing (no feeders, just OD traffic). In their short existence, they racked up a lot of debt, in which case if you bought the airline you'd also be buying its debt. Similar situation to AQ.