The problem with a spin off is two fold. If Carty tries to spin off 49% of Eagle, he does not get around Scope because he still has the controlling interest. So this idea makes no sence.
If he spins 51% off then he has lost control of Eagle, that's not something that he wants to do. That becomes and IPO and he would receive too much pressure from the BOD. Why an IPO in this economy only to divest an asset?
SCOPE, it has reached a time when he needs to deal with the APA. The simple thing to do is sell Executive in SJU that will get him below the ASM cap but now he has lost control of an asset.
The simplest and smartest thing to do would be to have AA mainline fly the 70-90 seat RJ's. The would eliminate his ASM problem and allow unlimited RJ growth. Their aren't too many furloughed TWA LLC pilots who wouldn't be happy flying an RJ for the new 18 year Comair rates.
He knows this and IMHO all the rumors are just his grumblings while behind the scenes they negotiate
If he spins 51% off then he has lost control of Eagle, that's not something that he wants to do. That becomes and IPO and he would receive too much pressure from the BOD. Why an IPO in this economy only to divest an asset?
SCOPE, it has reached a time when he needs to deal with the APA. The simple thing to do is sell Executive in SJU that will get him below the ASM cap but now he has lost control of an asset.
The simplest and smartest thing to do would be to have AA mainline fly the 70-90 seat RJ's. The would eliminate his ASM problem and allow unlimited RJ growth. Their aren't too many furloughed TWA LLC pilots who wouldn't be happy flying an RJ for the new 18 year Comair rates.
He knows this and IMHO all the rumors are just his grumblings while behind the scenes they negotiate