I hate to burst anyones bubble... but
First off, their first and foremost priority is to spend what capital Group can obtain on obtaining EMB-170/5's for MDA. There is no other reason for the creation of Mid Atlantic other than the competitive advantage and operational restucturing that these large RJ's will enable. Dave S has staed in clear terms the urgency and necessity to get MDA up and running ASAP. He HAS NOT labeled the remaining WO's own aquisition of RJ equipment as time critical and has almost made a point NOT to say what is in store for the the three of us at all...
Dave S was quoted specifically that he wanted 40 a/c on the MDA property by the end of 2003. He was quoted a figure of near 60 aircraft at the "other express" carriers. Do not be so self absorbed to assume that that meant ALG, PDT, or PSA...
To be blunt, economic reality is that US Airways Group can only so much with the capital that is available. MDA will take priority now and into next few years. There is no "investor fairy" that will magically throw billions (yes, that is how much hundreds of RJ's cost) into US Airways for nothing. Years from now when US Airways has proven it's vitality and the economy is stronger there will be enough lenders willing to serve US Airways' needs with a simple lease or loan, but nowadays... Things are more complicated
If you need a more likely senario, an investor may already be planning to purchase/obtain all or part of ALG, PDT ,and PSA in return for providing the capital necessary to equip these carriers with RJ's over the next 5 years. Thus the sudden change in negotiating position of managment over sucessorship (which coincides with their current negotiations to finance a large RJ order).
We'll see, but remember if we get sold, there's no future flow anymore into anywhere
First off, their first and foremost priority is to spend what capital Group can obtain on obtaining EMB-170/5's for MDA. There is no other reason for the creation of Mid Atlantic other than the competitive advantage and operational restucturing that these large RJ's will enable. Dave S has staed in clear terms the urgency and necessity to get MDA up and running ASAP. He HAS NOT labeled the remaining WO's own aquisition of RJ equipment as time critical and has almost made a point NOT to say what is in store for the the three of us at all...
Dave S was quoted specifically that he wanted 40 a/c on the MDA property by the end of 2003. He was quoted a figure of near 60 aircraft at the "other express" carriers. Do not be so self absorbed to assume that that meant ALG, PDT, or PSA...
To be blunt, economic reality is that US Airways Group can only so much with the capital that is available. MDA will take priority now and into next few years. There is no "investor fairy" that will magically throw billions (yes, that is how much hundreds of RJ's cost) into US Airways for nothing. Years from now when US Airways has proven it's vitality and the economy is stronger there will be enough lenders willing to serve US Airways' needs with a simple lease or loan, but nowadays... Things are more complicated
If you need a more likely senario, an investor may already be planning to purchase/obtain all or part of ALG, PDT ,and PSA in return for providing the capital necessary to equip these carriers with RJ's over the next 5 years. Thus the sudden change in negotiating position of managment over sucessorship (which coincides with their current negotiations to finance a large RJ order).
We'll see, but remember if we get sold, there's no future flow anymore into anywhere
