Pinnacle about to get bought?

[DoinTime]

N8390A (the spirit of orange mound)

Orange Mound needs some spirit. I guess rampant gang vilolence, out of control crime, and extream poverty is its own form of spirit but those qualities don't really set it apart from any other part of Memphis.

 

[surplus1]

Didn't NWA recently use the value of Pinnacel to back its own underfunded pension fund? On that basis, who would want it?

 

[erika]

Pinacle Purchase

You heard it here first.....

Express Jet/COEX will bid on Penucle.

Erik

 

[DoinTime]

Re: Pinacle Purchase

You heard it here first.....

Express Jet/COEX will bid on Penucle.

Erik

Soon after GIA will leverage a buyout for a controlling position of the new CoEx/Pinnacle. The right seat of 200+ RJ's will go on sale for $100/hour for aspiring airline pilots. With the annual block time that this Mega-Regional will produce their entire loan required for the purchase will be paid for in under three years. GIA executives are also so confident that they will be able to undercut all other competition (even low-ball artists Mesa Airlines) that will progressively absorb all remaining regional traffic flying the United States over the next five years.

I can't wait to get on board!!! Think of all the growth!

 

[amcnd]

Does COEX have that kind of money floating around to buy another regional?

 

[T-Gates]

Re: Pinacle Purchase

You heard it here first.....

Express Jet/COEX will bid on Penucle.

Erik

ummmmmm.........anybody up for a snowball fight in hell?

I think we may just have one.....

 

[justmeinmsp]

Re: Pinacle Purchase

You heard it here first.....

Express Jet/COEX will bid on Penucle.

Erik

How did you know so soon?

 

[George Jetson]

Believe it or not...

ExpressJet Holdings, Inc. DID make an offer on Pinnacle Airlines to NWA. The offer was made in stock, not cash. It has a very slim chance of success, according to our VP of Flight Ops. While NWA wants to take PCL public, the capital markets/Wall Street thinks otherwise and as such, NWA's bankers came to XJT and asked them to make an offer. An offer was made...but nothing has been made public yet. This is real - very real. Discuss amongst yourselves.

GJ

PS - A company doesn't need cash to buy another company. Leveraged buyouts and stock swaps happen all the time.

 

[Heavy Set]

Sounds like Expressjet wants to reduce the risk associated with being aligned to just one airline - Continental... Looks like more consolidation could be on the way................... Watch out Mesa!!!!!