Aug 30, 2004
The Chairman of US Air, David Bronner, demanded a third round of concessions from the airline's workers. He said they had 30 days to give the concessions or he might liquidate the company. Bronner said that Retirement Systems of Alabama, the pension fund he heads and which is the biggest owner of US Air, would be better off if the company were forced to sell off its planes, gates and routes. And – so he said – he could open up another airline, called Bama Air.
Yes, and he might just take the money and run to the Bahamas.