The company has received preferential government loans to subsidize financially unsound projects.
The merged firm employed a recruiting and growth strategy that proved to be financially unsound, which led to a talent exodus.
The only support for the governor came from the hard-line conservative Republicans in the Assembly, who said the budget was financially unsound.
This system proved unworkable, however, as there was no way to ensure competitive balance, and financially unsound clubs often failed midseason.
Along with other losing bidders, it criticized the winning bid for being financially unsound.
His Fiduciary Notes Bill was denounced as financially unsound by orthodox economists and the banks.
He said he did not think the measure was considered financially unsound and did not recall anyone challenging it or calling it improper.
A federal panel created last year to help airlines deal with the aftershocks of the Sept. 11 attacks declared that the company's business plan was "financially unsound."
In addition, by eliminating airlines that are financially unsound, passengers will be free from the risk created by the possibility of their carrier going bankrupt.