FlyerTalk Forums - View Single Post - Jazz & AC talking over a new Capacity Purchase Agreement; agree to keep talking
Old Dec 31, 2008 | 10:58 am
  #3  
tomh009
 
Join Date: Jul 2001
Location: YYZ
Programs: AC SE100K, HH G
Posts: 2,454
Originally Posted by LeSabre74
In short: AC is back again to burning the furniture to survive thanks to Milton and the hedge funds. They are desperate for cash and will look to squeeze the money out of Jazz. If you hold units of Jazz Air Income Fund better think about selling 'em.
How is this "burning the furniture?" If you are going to squeeze down costs, surely you would also want your (independent) regional carrier to do the same.

"Burning the furniture" would be better applied to asset sales to cover spending, whether by AC or our federal government.
tomh009 is offline