Well, t-minus 9 days until October 6th... and still no one important selling MAIR Holdings. Yes, Mr. Steenland has left the board, but lets all remember that Mr. Anderson also left the board just prior to announcing (in 2003) that NWA would be terminating the Avro leases. After an extension on that decision until February 2004 (all the while saying they would still be going), the pilots union settled on its current contract in January 2004. Low and behold its a miracle! The Avros stayed! During that whole process, again, no one important was selling their shares of MAIR Holdings (save a few scheduled automatic sales).
So again, here we are amid a falling sky of Northwest cash. The news is dire everywhere. Nevertheless, the good card players have watched how NWA and Mesaba management played their hands in the past. The good card players have watched for signs of that "killer hand" that says "they are not bluffing", yet the good players cant help but deduce that this, again, all a bluff.
There is more to this... a WHOLE lot more. Northwest needs that 70-110 seat capacity. The Avros barely bridge that gap in the short term -- with 85 seats in them. The Avros buy time for Northwest to fill that 70-110 seat void with proper aircraft -- with 85 seats in them. The schedule is for 9 Avros to go away October 31st. Fall-winter schedules are a great time to take away a chunk of Avros for modifications. The last time a chunk of Avros went away it was during the fall-winter schedule and they came back either painted or steam cleaned.
Any takers on this theory?
So again, here we are amid a falling sky of Northwest cash. The news is dire everywhere. Nevertheless, the good card players have watched how NWA and Mesaba management played their hands in the past. The good card players have watched for signs of that "killer hand" that says "they are not bluffing", yet the good players cant help but deduce that this, again, all a bluff.
There is more to this... a WHOLE lot more. Northwest needs that 70-110 seat capacity. The Avros barely bridge that gap in the short term -- with 85 seats in them. The Avros buy time for Northwest to fill that 70-110 seat void with proper aircraft -- with 85 seats in them. The schedule is for 9 Avros to go away October 31st. Fall-winter schedules are a great time to take away a chunk of Avros for modifications. The last time a chunk of Avros went away it was during the fall-winter schedule and they came back either painted or steam cleaned.
Any takers on this theory?