Ty Webb
Hostage to Fortune
- Joined
- Dec 10, 2001
- Posts
- 6,524
ATA For Now! said:It look like we have a winner as the forcasted deal, over a time period, is worth over TRIPLE what the AAI deal is worth and it keeps ATA a viable entity, only takes 6 gates and protects the ATSB and Unsecred creditors the best way possible...by keeping the Aircraft flying!
Uh, that would be one way to look at it, but through a highly subjective prism. I think this is just more "jockeying for position" and in the end, the gates will be divvied up.
Just hope that ATA ends up with as good a deal as either offer. If Airtran only gets a handful of gates, we won't need to buy them, wet-lease or codeshare, which would be good for AirTran, but bad for ATA.
It seems to me like if this deal goes through (doubtful) SWA keeps AirTran out of the picture, and with those expensive leases, high fuel prices without hedging, the money will only be a short-term fix. I say "doubtful" because not only would this have to pass muster with the bankruptcy court, but also with with the FTC (Federal Trade Commission) and it reeks of antitrust (monopoly) concerns to me.
Also, AirTran's offer was not only for $90 mil but also provided twice the annual revenue for ATA ($100 mil/ a year), that SWA's deal offered, yet you keep saying that SWA's offer is for more money. How about showing us where those numbers are coming from, because it sure looks like wishful thinking on your part.