akjetBlue
Posts: 777
Joined: Wed Dec 03, 2003 1:59 am

What Made Rich Int'l Go Under?

Fri Dec 26, 2003 5:21 am

What made JN go under? What were the final days like? I know they had an affiliation with IAL (leased the DC8 from them). Any and all info would be awesome. They were a great airline.
Save a horse! Ride a Cowboy!
 
DB777
Posts: 864
Joined: Wed Apr 11, 2001 1:16 pm

RE: What Made Rich Int'l Go Under?

Fri Dec 26, 2003 11:21 am

I don't know all the details but I read in the paper the other day about George Batchelor's estate being divvied up and that Rich has a claim for about $25 million because they allegedly got screwed by Batchelor and/or IAL. IAL was left saddled with debt and taxes up the yang-yang.

Don
Photographing aircraft since the Earth was flat and on Airliners.net since #338
 
luv2fly
Posts: 11056
Joined: Tue May 13, 2003 2:57 am

RE: What Made Rich Int'l Go Under?

Fri Dec 26, 2003 11:59 am

Here is an old thread on Rich International it should answer some questions you might have, hope it helps.

http://airliners.net/discussions/general_aviation/read.main/1266646/
You can cut the irony with a knife
 
Bluewave 707
Posts: 2793
Joined: Thu Jun 07, 2001 8:21 am

RE: What Made Rich Int'l Go Under?

Fri Dec 26, 2003 6:27 pm

Part of the JN shutdown was due to FAA violations.

The old thread may give you the answer.
"The best use of your life will be to so live your life, that the use of your life will outlive your life" -- D Severn
 
ClipperMonsoon
Posts: 12
Joined: Fri Dec 26, 2003 5:45 am

RE: What Made Rich Int'l Go Under?

Sat Dec 27, 2003 2:23 am

worked there till just before shutdown, lots of bad management moves, especially when it came to dealing with batch/ial
just my 2 cents worth
 
Bluewave 707
Posts: 2793
Joined: Thu Jun 07, 2001 8:21 am

RE: What Made Rich Int'l Go Under?

Sat Dec 27, 2003 4:53 am

When I flew them on a tour charter flight from HNL to LAS, I could tell that the L-1011 we flew on had been around the block a few times. Looking at the reg #, N104EA, I knew that Eastern must have worked that jet while they had it. There didn't seem anything wrong with the planes. I slept all the way home. Just seemed old and battered.
"The best use of your life will be to so live your life, that the use of your life will outlive your life" -- D Severn