LAS losing subsidies

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Big Bird Anonymous
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LAS losing subsidies

Post by Big Bird Anonymous »

I was at an investors meeting last week and learned London Air's parent company will stop providing subsidies in the 3rd quarter. Can this company remain viable without the operating capital since much of their work is bid at cost? They also reported the company may be back up for sale.
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cdnpilot77
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Re: LAS losing subsidies

Post by cdnpilot77 »

I've noticed a couple of their birds have been for sale for a long time.
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leftoftrack
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Re: LAS losing subsidies

Post by leftoftrack »

If not, orca Is ready to step in with their 1972 Lear 35. They offer granola bars to the crews so no need for perdiems
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leftoftrack
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Re: LAS losing subsidies

Post by leftoftrack »

If not, orca Is ready to step in with their 1972 Lear 35. They offer granola bars to the crews so no need for perdiems
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SRV
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Re: LAS losing subsidies

Post by SRV »

It will be Anderson and Omega the survivors again. Same old YVR, not a strong charter market.
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U/S
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Re: LAS losing subsidies

Post by U/S »

Interesting theory, however LAS is 100% privately owned. There are no investor meetings. The aircraft that are for sale are in keeping with business model.
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plhought
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Re: LAS losing subsidies

Post by plhought »

London Air may not have investment meetings, but some stakeholder outfits definitely do.
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Big Bird Anonymous
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Re: LAS losing subsidies

Post by Big Bird Anonymous »

U/S wrote:Interesting theory, however LAS is 100% privately owned. There are no investor meetings. The aircraft that are for sale are in keeping with business model.
No, but the box store does! Who would want to invest in a charter operator.
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