<font face="Verdana, Arial, Helvetica" size="2">Originally posted by stewlevine:
Yeah - but given AA's history, the business plan should have called for that money to be set aside. AA fought a bloody, bloody fight from the bus ads "Leave Love Alone" to enlisting the Fort Worth city council, to building gates in a place where it did not have a valid lease.</font>
I have to agree. If you knew that lawsuits were going to be filed, and remember, CO Express had a suit filed against them (if I recall correctly) when they were trying to fly RJ's from DAL-CLE - before Legend announced its intentions - then some sort of legal fund, insurance, emergency line of credit, etc. should have been taken out to protect them against this activity.
Studley
P.S. I read in Plane Business Talk (and this is merely a rumor at this point) that the creditor who bailed on Legend was going to allegedly make good on the money to them so they could get going again.
The thread then talked about whether or not they could get the operating certificate back (and apparently, they can); of course, since the planes were specially modified, no one else at this point has bought them, so they could probably be made airworthy again, etc. As I said, this was merely a rumor floating around in there (it has to be kind of taken with a grain of salt).