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Mr_Creepy · August 9th, 2003, 23:10

There were several people that did not get all that was promised to them. I know you may argue with me here, but there are also several that are really exaggerating how much they lost.

There was a large class in December, but things got really bad in Jan and Feb. The personal finances really had nothing to do with it, it was just the expense of running an operation like ATA with no new money coming in.

There was not enough flow through (pilots going to airlines) to generate a positive cash flow. This was a result in part of 9-11, and also in part of some other problems.

Several "agreements" that ATA had with airlines were ruined by students calling the airline directly and trying to make their own deals. Sometimes pilots can be their own worst enemies.

At any rate, the common belief that the Williams' "fleeced" a bunch of students and ran off with their money is just not true. The only group of people who is making out of this deal are the lawyers, and they are making out like bandits.

August 9th, 2003, 23:10	#23
Mr_Creepy Old Skool Join Date: May 2003 Location: In the O-zone Posts: 5,812	Re: Current or former students? There were several people that did not get all that was promised to them. I know you may argue with me here, but there are also several that are really exaggerating how much they lost. There was a large class in December, but things got really bad in Jan and Feb. The personal finances really had nothing to do with it, it was just the expense of running an operation like ATA with no new money coming in. There was not enough flow through (pilots going to airlines) to generate a positive cash flow. This was a result in part of 9-11, and also in part of some other problems. Several "agreements" that ATA had with airlines were ruined by students calling the airline directly and trying to make their own deals. Sometimes pilots can be their own worst enemies. At any rate, the common belief that the Williams' "fleeced" a bunch of students and ran off with their money is just not true. The only group of people who is making out of this deal are the lawyers, and they are making out like bandits.