Despite downgrades, Western Global still operating
Financial shortcomings lead charter carrier to ditch 777F order
Western Global Airlines, hampered by downgrades to its corporate bonds and laden with negative cash flow, continues operating — for now. Steve Dix, vice president of sales and marketing at the charter carrier, told Air Cargo Next Friday that the company is still flying, regardless of ratings downgrades by Moody’s Investors Service on March 23. […]
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