SWA - AAI question

[ivauir]

Ty,

If EVERYONE is SO misinformed, why not post real numbers? Let's compare the finances of the two companies.

Go ahead.

 

[FIREMAN]

Yes, numbers do not lie. But your 51 options for 737's is not a option for AT. The reason why is, AT does not have the cash to exercise those options (can't grow without cash). You admitted it earlier, you are afraid of getting furloughed. Why should any original SWA guy ever get furloughed?

View printer-friendly version<< BackAirTran Airways Completes Boeing 737-700 Financing Facility Agreement With NORD/LBCommitted Financing in Place for All 2011 Aircraft Deliveries- ORLANDO, Fla., Sept 15, 2010 /PRNewswire via COMTEX/ -- AirTran Airways, a subsidiary of AirTran Holdings, Inc. (NYSE: AAI), today reported that it has signed a new financing arrangement with Norddeutsche Landesbank Girozentrale (NORD/LB), one of the largest state-owned banks in Germany, to provide permanent financing to the airline for Boeing 737-700 deliveries in 2011

They are orders not options.

 

[dicko]

View printer-friendly version<< BackAirTran Airways Completes Boeing 737-700 Financing Facility Agreement With NORD/LBCommitted Financing in Place for All 2011 Aircraft Deliveries- ORLANDO, Fla., Sept 15, 2010 /PRNewswire via COMTEX/ -- AirTran Airways, a subsidiary of AirTran Holdings, Inc. (NYSE: AAI), today reported that it has signed a new financing arrangement with Norddeutsche Landesbank Girozentrale (NORD/LB), one of the largest state-owned banks in Germany, to provide permanent financing to the airline for Boeing 737-700 deliveries in 2011

They are orders not options.

Jets that will never fly in AirTran paint. Jets that will be delivered to SWA in 2011.

AirTran pilots will not upgrade in those jets. AirTran new hires will not fly them.

SWA pilots will.

 

[XRMEFLYER]

What could possibly be your reason for a response like that to what seemed to be a simple answer to an earlier question about whether or not AAI had the resources to take delivery of the aircraft they had on order pre 9-27?

What a tool! Your screen name is apparently well chosen.

 

[dicko]

What could possibly be your reason for a response like that to what seemed to be a simple answer to an earlier question about whether or not AAI had the resources to take delivery of the aircraft they had on order pre 9-27?

Easy there .... We work for the same company. It's a shame you didn't take the time to think about it. Maybe you'd like to re-edit. Again.

I was pointing out to our angry future brothers that;

1. The deliveries will not benefit AirTran pilots. Our upgrades and hiring will stagnate due to this process.

2. The jets that they believe we can't afford are arriving for their benefit. Not ours. Unless you believe this silly 'work together for a stronger company' concept. Which I do.

 

[roughneck]

Originally Posted by FIREMAN
http://media.corporate-ir.net/media_...es/printer.gif View printer-friendly version<< BackAirTran Airways Completes Boeing 737-700 Financing Facility Agreement With NORD/LBCommitted Financing in Place for All 2011 Aircraft Deliveries- ORLANDO, Fla., Sept 15, 2010 /PRNewswire via COMTEX/ -- AirTran Airways, a subsidiary of AirTran Holdings, Inc. (NYSE: AAI), today reported that it has signed a new financing arrangement with Norddeutsche Landesbank Girozentrale (NORD/LB), one of the largest state-owned banks in Germany, to provide permanent financing to the airline for Boeing 737-700 deliveries in 2011

They are orders not options.

These aircraft (2 to be exact) were granted final approval for financing just 2 weeks prior to the public announcement that SWA was buying AirTran. There is no doubt the bank knew that SWA was the guarantee behind the deal. All other AirTran orders or options were either pushed back to later years, again, or transferred to SWA.

The DOJ has yet to rule and the shareholders haven't voted. It is a far stretch to think this is a done deal. Do you really think AirTran would be giving away airplanes if they had a place to put them or money to get them? The reason the are willing to do it now, prior to DOJ approval, is because plan B if the SWA savior doesn't pan out is to shrink not grow. The business plan doesn't work anymore and they have no place to put new aircraft or money to get them.

AirTran had hit the wall and SWA was willing to buy them for 32 gates in Atlanta and a few more orders on the books. AirTran's future was and is bleak outside of a SWA white knight scenario.

 

[dicko]

These aircraft (2 to be exact) were granted final approval for financing just 2 weeks prior to the public announcement that SWA was buying AirTran. There is no doubt the bank knew that SWA was the guarantee behind the deal. All other AirTran orders or options were either pushed back to later years, again, or transferred to SWA.

The DOJ has yet to rule and the shareholders haven't voted. It is a far stretch to think this is a done deal. Do you really think AirTran would be giving away airplanes if they had a place to put them or money to get them? The reason the are willing to do it now, prior to DOJ approval, is because plan B if the SWA savior doesn't pan out is to shrink not grow. The business plan doesn't work anymore and they have no place to put new aircraft or money to get them.

AirTran had hit the wall and SWA was willing to buy them for 32 gates in Atlanta and a few more orders on the books. AirTran's future was and is bleak outside of a SWA white knight scenario.

Your lack of a balanced perspective will not serve you well.

 

[Ty Webb]

Your lack of a balanced perspective will not serve you well.

Are you referring to some of our "Flat Earth Society" members? :laugh:

 

[roughneck]

Just the facts Ma'am.

 

[roughneck]

So you guys think AirTran is giving away all of their future growth airframes on the HOPE that this deal goes through? The truth is they are giving away the airframes because they don't have the ability to get them or do anything with them.

SWA is the only option AirTran had.
AirTran is one of the options SWA had.
BIG difference.