AMR Corporation Plans to Divest American Eagle

[atlcrjdriver]

http://biz.yahoo.com/prnews/071128/law084.html?.v=101

Any thoughts...

 

[Goose Egg]

I know much better than to stir the pot like this, but...

Welcome to the SkyWest family!!!



-Goose

 

[MarineGrunt]

Maybe American is the "fourth partner" and not SW???

 

[propsarebest]

I know much better than to stir the pot like this, but...

Welcome to the SkyWest family!!!



-Goose

What other airline out there has the cabbage to buy Eagle besides OO???

 

[RiddleEagle18]

Just my 2 cents but I would expect a spin off and IPO.

 

[ReverseSensing]

What other airline out there has the cabbage to buy Eagle besides OO???

Might not be an outright sale:

AMR continues to evaluate the form of the divestiture, which may include a spin-off to AMR shareholders, a sale to a third party, or some other form of separation from AMR.

To more directly answer your question, Alaska Air Group is sitting on $900 million. That might be enough cabbage.

 

[GOULET!]

How long til Mesa takes Eagle's place to feed American?

 

[siucavflight]

Ill be damned. Spacecadet was right.
Word around the Eagle boad is that it will be OO, they are the only ones with enough cash on hand to buy AE, this could get interesting if it were to be the case, pretty much our entire list is more senior then OO's.

 

[ROSWELL41]

Ill be damned. Spacecadet was right.
Word around the Eagle boad is that it will be OO, they are the only ones with enough cash on hand to buy AE, this could get interesting if it were to be the case, pretty much our entire list is more senior then OO's.

Please tell me you're joking...

 

[siucavflight]

Please tell me you're joking...

Nope, not joking. Bad or good news?

 

[Burt Reynolds]

Just what SKYW, Inc needs, another group of unhappy pilots...

 

[siucavflight]

Actually the pilots here are pretty happy, we will be happier to get rid of such horrible management.

 

[Goose Egg]

Wow, if it really did happen, then the OO empire would be HUGE!! Personally I'm not holding my breath though. I've heard zero rumors on the SKW side, so I think you guys are probably safe...
Or are you... (jk)

I think my money is on MQ becoming independent ala Express or Comair. I mean, all that AA flying they do isn't going to just go away.

Then again, it would be interesting to see OO flying for AA. Stranger things have happened. I guess the only thing I'm sure of is that I'm going to the jet in 9 months.

-Goose

 

[Goose Egg]

Actually the pilots here are pretty happy, we will be happier to get rid of such horrible management.

If it did happen, let's just hope that SGU doesn't botch it like they did with ASA. I think it would be much easier as a manager to maintain employee trust, rather than have to regain it.

But then again, I'm a rare breed that believes in employee satisfaction to begin with.

-Goose

 

[Erlanger]

Jerry Atkin was asked about buying other regionals several months ago and he said that buying other regionals is a waste of money but ASA was bought because it was basically forced on them if they wanted to keep the Delta codeshare. He said that Skywest, Inc. wants "assets", not people.