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Hey what do I know? I'm justApilot who voted NO!
G4G5 said:And say, Yes to an Eagle IPO!
Divest 49% of Eagle while still maintaining the controling interest of 51% (ala Comair/ASA). Then use the money to pay down debt and order the inevitable ERJ170 series. Think it won't happen, think again.
Now that AA mainline has the 70/90/110 seaters. Problem solved. Or did you actually think that AA was planning on operating an airline with just 25-70 seaters and nothing else between 70 and 129 (MD80's)?
What is the benefit of owning 100% of your feed? Anybody else doing it? Take a look at CAL, they are the most recent major to wave good by to their regional and the flow up to mainline. So, in relatively short order you guys will not be able to flow up at all but at least you've got your contract and letter 3.
Big picture, letter 3 and sup W are all just window dressing until the stock market and the market for IPO's turns around. With 2004 being an election year, that should not be all that far away.
Or does someone this board actually think that AA would leave all that cash on the table and be the only major that owns 100%?