ASA/expressjet & skywest

[rfa]

I for one welcome our new skywest overlords

 

[johnpeace]

Crap man, I barely even want to come back to this crap.

 

[STINKER]

We were treated fine, we were just in negotiations for five years. Not sure if you've ever faced any adversity in your life, it sounds like your a golden spoon riddle rat who's always gotten everything you've wanted. If the majority of the XJT guys are like you, I hope they kill the deal, the last thing we need is a bunch of little future widgets running around.

Widgets we are not...

 

[COOPERVANE]

I for one welcome our new skywest overlords

I'd like to remind them that as a trusted TV personality I could be helpful in rounding up others to toil in their underground sugar caves!!

 

[sweptback]

Crap man, I barely even want to come back to this crap.

So don't come back?

 

[johnpeace]

So don't come back?

An option, but I don't think I'm ready to go that extreme yet.

I'll come back and give it 6 mos.

 

[ExHeloGuy]

Can someone explain why Express Jet was sold for the paultry cost of $133 million, with close to $100 million in the bank that would make the cost of over 200 50 seaters and over 2000 pilots for $33 million, the cost of 1 seventy seater. I'm confused as to why so cheap????

 

[79%N1]

http://www.mysmartrend.com/news-bri...evel-efficiency-airlines-industry-xjt-pncl-sk

 

[Nevets]

http://www.mysmartrend.com/news-bri...evel-efficiency-airlines-industry-xjt-pncl-sk

Revenue in the regionals is not apples to apples. For example, at XJT under the CAL CPA, CAL pays the leases and fuel for all aircraft and flights directly to the lessee or fuel vendor. In the UAL CPA, the rates take into account that XJT pays the sublease on the aircraft and pass the fuel costs along to UAL. Therefore, all that money is counted as revenue even though its not really revenue, its pass thru costs.

At the end of the 2nd quarter, XJT reported total assets minus liabilities of $171 million. So in other words, you can look at it as though SKW is buying XJT for 75 cents on the dollar (about a nickel less than two years ago).

 

[asayankee]

Can someone explain why Express Jet was sold for the paultry cost of $133 million, with close to $100 million in the bank that would make the cost of over 200 50 seaters and over 2000 pilots for $33 million, the cost of 1 seventy seater. I'm confused as to why so cheap????

XJT does not own any aircraft...they lease them from Continental.