Can't imagine alaska being the buyer. They don't even want their own 700's. Kind of hard to imagine them wanting a company that is all 700 and 717's. Plus don't see the synergies. And if airtran made a move to buy alaska can't imagine delta not stepping in. Only people I ever hear this rumor from is airtran pilots. And how they would want relative seniority.
Besides the fact that ALA could write a check for AAI tomorrow, and AAI would have to finance the world to purchase ALA... Naw, won't happen anytime soon, and if it does, ALA will be the purchaser!