News / Legal wrangle over Western Global finances as airline eyes bankruptcy

© Ninlawan Donlakkham |

Fascinating details of the finances, customers and owners of Western Global Airlines (WGA) are beginning to emerge as the US cargo carrier considers filing for bankruptcy.

There is something of a perfect storm at the airline, which saw Moody’s Investors Service last week withdraw its rating after a series of downgrades.

The employees have filed a putative class action against shareholders James and Carmit Neff and family trusts, claiming an employee share ownership plan had “drastically overpaid” for stock purchased from the ...