What "new" order is everyone writing about? There were 737-800's planned for delivery in 2002 that were pushed back to 2005. Delta does not have the cash to buy new airplanes, but they can try to re-write the 737-800 order to something smaller that better suits their needs. Despite the fact the E170/190 is a hot product at the moment Delta already has a deal with Boeing that will cost money to cancel.
My bet as to the reason for a lot of non wholly owned DCI growth is that Delta can acquire airplanes without the debt load showing up on the books. In my humble opinion it is a legitimate accounting trick because Delta does actually obligate the company for the non-owned airplanes because Delta has to buy them, or pay penalties, if the codeshare agreement is cancelled.
This was why I was SCREAMING on this board about the Delta MEC's actions on scope. Delta is now in the deals and can not cancel them short of bankruptcy. Those of you who dream of returning Delta flying to Delta pilots (like me) have watched our hope for attaining this goal dashed just within the last 36 months as the Delta MEC let the codeshare cat out of the bag, blocked the Comair and ASA MEC's from negotiating with Delta and continued the ALPA apartied plan of keeping us separate.
By the time the RJDC brings this to a stop, it may be too late. The damage might not be repairable.
By the way, sold my Airtran at $17.12 a share. I bought it at $2.40. Not that I have anything against Airtran at the moment. Just figured that was the lukiest I would ever be. Now if I can just get a job at an airline with a future.