Originally Posted by
ajeleonard
I work in private equity. What you described is pretty much the opposite of reality.
And my employer is owned by private equity
It's fairly hands off except for what some could say is the sucking sound of the investor group draining off of the profits that should instead be invested in the business.
There is usually a honeymoon in first 6 months or so and then the hammer falls. If Onex is looking for quicker profits, then I expect we will see a slight shift in focus towards more premium services and new Asian routes. Unfortunately, in my experience service levels rarely improve when a venture capital /private equity company takes over. Service and quality is not seen as profitable.