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Republic to buy Comair?

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"No way Delta is gonna piss away a company that they paid over a 1.8 billion dollars for (Is that right, 1.8 Billion? Can't remember)! If they do, they just lost there arse on that investment."

DAL already took the hit for a loss on CMR and ASA. If I'm not mistaken, it was either 3rd or 4th quarter of '05 to the tune of about $2.2B. That means any revenue generated by the sale of CMR goes in the plus column. Right now a couple hundred million bucks would help DAL continue to survive in BK.
 
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OK... Heres the deal. This is from a reliable source of whom I can not disclose for legality purposes. Bedfords meeting in ATL last week had everything to do with RP buying CMR. The situation is this, if Republic wants to maintain its position as a DCI player, it needs to relieve some of the financial burden that is on DL right now. This is not new... we all remember the USAir situation where Republic actually invested $125 million into the bankrupt carrier, this is a somewhat similar situation except for the fact that if RP does not buy CMR, it could jeopardize the future of RP, DL and the DCI affiliation.
 
JJs Cantina said:
OK... Heres the deal. This is from a reliable source of whom I can not disclose for legality purposes. Bedfords meeting in ATL last week had everything to do with RP buying CMR. The situation is this, if Republic wants to maintain its position as a DCI player, it needs to relieve some of the financial burden that is on DL right now. This is not new... we all remember the USAir situation where Republic actually invested $125 million into the bankrupt carrier, this is a somewhat similar situation except for the fact that if RP does not buy CMR, it could jeopardize the future of RP, DL and the DCI affiliation.
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Sounds possible, but without specifics, this goes into the rumor category.
To put it plainly..prove it.

This is an unofficial forum, what is said here is all hearsay, so drop the " legality purposes" and spill the beans. Otherwise, I call bluff.
 
ASH said:
Sounds possible, but without specifics, this goes into the rumor category.
To put it plainly..prove it.

This is an unofficial forum, what is said here is all hearsay, so drop the " legality purposes" and spill the beans. Otherwise, I call bluff.
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Hey. I know you are smart because you are an airline pilot and you fly a jet and all... but I thought I did just spill the beans. I can not disclose the SOURCE of the information. As you said, this site is all hear say. I heard, so I said. Get over it.
 
This is gonna be a LOOOOOOOOONNNNNNNNNNNNNNG thread, ain't it fellas?

Oh, the big giant impending Poo-Storm that this potential acquisition would cause, seniority integration-wise. Betcha we could get THAT thread up to around 300 pages or so. :rolleyes:

Don't think anybody wants to see it, especially CHQ/CMR guys.

But, if it has to be CHQ or MESA, then for CMR's sake and for God's sake, I hope it's CHQ.
 
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Caveman is correct. Not only has DAL already eliminated any loss attributed to comair, they saved millions over the years in taxes when they were profitable. It is called a "cost center", and that is one of the main purposes of having a wholly owned. CAL executed an even bigger score. They used expressjet as a cost center when they were profitable, saving hundreds of millions of dollars. Then, when the economy took a dump they sold a portion of express-jet back to the public and made another few hundred million. Every time I hear how much DAL paid for cmr and asa I shake my head. They have recouped that money ten fold. Consider the asa-skywest transaction. They paid 750 million for asa and then sold them for 450 and shed over $1 billion dollars in aircraft leases that Skywest is now responsible for. You can look at it two ways, DAL basically doubled their money over a decade or they got free use of a few hundred rj's. We are not talking about buying and selling a house here, the holding period of the WO's is were the coin is, not the buy/sell transaction.
 
CHuh--Chunk

Those sobs bumped me on a flight once!!! Commie air can go to the bottom!!!!!
 
sleddriver77 said:
This is gonna be a LOOOOOOOOONNNNNNNNNNNNNNG thread, ain't it fellas?

Oh, the big giant impeding Poo-Storm that this potential acquisition would cause, seniority integration-wise. Betcha we could get THAT thread up to around 300 pages or so. :rolleyes:

Don't think anybody wants to see it, especially CHQ/CMR guys.

But, if it has to be CHQ or MESA, then for CMR's sake and for God's sake, I hope it's CHQ.
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Well i dunno, Mesa seems to roll over on things alot quicker, so maybe for integration sake cmr will be better off at mesa in the long run.
 
If Comair is indeed bought by RAH, precedence would not lean in Comairs favor. It would be better for Comair to be bought by Mesa. Better chance for some seniority, and some good compromise. RAH MEC won't budge an inch. While I am thankful to have benefited from our MEC's toughness, it would not bod well for our Comair bretheren I fear.

All sheer, 100% speculation.
 
FDJ2 said:
Well certainly DAL's market Cap is worthless, but how much is DAL is worth? That's a different question. I suspect you'd have to pay significantly more than DAL's market cap to acquire the airline.
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No kidding. The last I heard, Delta was $28 billion in the hole and burning through $5 - $6 million a day.
 
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Delta is gonna threaten CHQ and MESA with losing their contracts to fly for Delta unless they "BUY COMAIR".

CHQ or MESA, which ever, will NEVER MERGE THE LISTS WITH COMAIR.

I can't believe any of you really think there will ever be a merger, staple, etc.

Has anyone seen what has been going on at SKYWEST/ASA?

That is what you'll see.

The two companies will have to UNDERCUT EACH OTHER FOR FLYING FOR YEARS TO COME.

Being bought by CHQ or MESA is going to be bad no matter what.

Every time more flying is proposed they'll say, "Who wants it more?" or even worse, they'll say "If you don't take more paycuts we'll transfer your planes to CHQ!"

Jet
 
jetflyer said:
Delta is gonna threaten CHQ and MESA with losing their contracts to fly for Delta unless they "BUY COMAIR".

CHQ or MESA, which ever, will NEVER MERGE THE LISTS WITH COMAIR.

I can't believe any of you really think there will ever be a merger, staple, etc.

Has anyone seen what has been going on at SKYWEST/ASA?

That is what you'll see.

The two companies will have to UNDERCUT EACH OTHER FOR FLYING FOR YEARS TO COME.

Being bought by CHQ or MESA is going to be bad no matter what.

Every time more flying is proposed they'll say, "Who wants it more?" or even worse, they'll say "If you don't take more paycuts we'll transfer your planes to CHQ!"

Jet
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If (and this is a big IF) Mesa were to buy Comair, JO would have to merge the companys and lists. This is the only thing Mesa pilots got in the last contract. Scope. And one Seniority list. That said, you don't want to be bought by Mesa. I know, I work there. -Bean
 
Beantown said:
If (and this is a big IF) Mesa were to buy Comair, JO would have to merge the companys and lists. This is the only thing Mesa pilots got in the last contract. Scope. And one Seniority list. That said, you don't want to be bought by Mesa. I know, I work there. -Bean
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Good point Bean,

I didn't know if Mesa bought someone they would have to merge. Good way to prevent a little bit of whipsaw.

I think it's going to be CHQ that is forced to buy Comair anyways. They've been getting threats that they're going to lose their contracts lately.

Jet
 
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CHQ pilot contract also forbids flying outside of it's seniority list. No whipsaw. No alter-ego @ RAH. If we bought Comair they would have to be on our list to fly.
 
ASH said:
CHQ pilot contract also forbids flying outside of it's seniority list. No whipsaw. No alter-ego @ RAH. If we bought Comair they would have to be on our list to fly.
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Ok, disregard everything I said! :) Thanks for correcting me.

So will it be a staple or a merger? :) Sucks for everyone.....

Jet
 
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