Originally Posted by
FWAAA
CO actually leases the planes (rather than own), and I don't think that CO would hesitate to put XJT out of business. It would then contract with Republic or Skywest or Mesa or someone else to fly them for CO.
OK...XJet leases them from CO, which means CO is on the hook to pay for them if XJet goes under, right? I had thought that CO owned them but if CO is leasing from someone else it might be even worse, as the costs to continue the leases or buy them out might be an issue.