I have done some reading today, and I am by no means an expert in this area, so I am hoping someone can comment on this:
What I have read is that there are two reasons for termination, and neither of these were mentioned in the 8k--termination for cause and termination for convenience.
I also read about "corrective actions" and from my reading those appear to be specific issues that need to be dealt with by the contractor.
But in this case, the "Navy has informed TriStar Air LLC that a decision has been made to take corrective action." As written, the Navy is the one to take corrective action, not TMPS, the contractor. We can analysis this all day and still end up needing clarification in a filing, but I am interested in your thoughts on this.
My posts are my opinion. Always do your own research or DD.
