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Posts | 1389 |
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Alias Born | 12/02/2011 |
Friday, November 23, 2012 11:26:15 AM
A merger or buyout is laughable, why would anyone even think it? Avstar/Twin Air only has debt and liability, nothing at all to offer anyone. No planes, no exclusive rights to any routes, no FAA or DOT authority, no property. My guess is creditors will now be lining up to file suit. If bankruptcy comes, you can't file on taxes, fines or any government costs, which Twin Air has many. The State of Florida and the US Goverment has already filed liens against Twin Air as a part of Avstar.
The big question is, if Avstar has not been paying for anything (this is pretty clear), where did the millions in income go since Gamber took over? Someone been paying off personal debt?
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