How much cash on the books? LBO firms like to use a company's own cash to help pay down debt used in a buyout.
1.6 Billion
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How much cash on the books? LBO firms like to use a company's own cash to help pay down debt used in a buyout.
Gary Kelly was interviewed on CNBC two weeks ago and stated that he did not think SWA was a good LBO candidate because the culture would have to be preserved for it to be successful. In an LBO, the corporate culture of SWA would probably be diminshed. I also read that the poison pill provision was eliminated to improve flexibility of the board for various provisions, not just a possible LBO maneuver.
Mr. Kelley will not have any say in the matter.
Translation: you guys will need to fly even more flights per day. Instead of 4-6 legs per day you will be flying 6-8 legs with 15 minute turns. Wow - that will be interesting to watch...
That's why you're going to buy AirTran.Is there anything to stop him from acquiring more debt by buying another airline?
Mr. Kelley will not have any say in the matter. If a group of investors want to LBO SW it will be to enrich themselves. Its "just business". He will go along with their plan or deliver the "leaving for personal reasons" speech. Then you will see a hitman such as Neil Cohen come in and the raping will begin. You will not be able to do anything but layback and enjoy the raping. Don't get me wrong, I don't wish this to happen as I have many friends and family in your pilot ranks. I want you guys to get raises and an improved contract, so at some point in the next decade us bottom feeders at NWA can have something to shoot for. But don't think for one minute GK or any of the current mgmt. team have any say in the matter. Good luck.
Heh heh...Air Tran guys get the red eyes.