Originally Posted by
elitetraveler
- They claim to have $70 million in assets and only $34 million in debt. Maybe that doesn't relate to cash on hand to run the business, or they want to wind it down and pay off debtors since the financing fell through? Any thoughts on this.
The assets will probably be the aircraft. You can't pay your bills with aircraft!
It does indeed seem that the $50m they were crowing about recently wasn't actually fully in the bag
I hope no-one booked a ticket on the back of that announcement.