Do you have a cost breakdown of were the $750,000 comes from?
During the investor's conference calls I've been hearing a nice, round, million. Maintenance expenses are getting most of the credit. They did not elaborate on the break down, but there may also be some cross collaterizing on engines and other components.
For example - When mechanics work on airplanes they pull the engines and inlets, cowling, jetpipes and associate hardware together and swap these parts around from one ship to the next. However, the engines are usually leased separately from the airplane and when ownership changes you have to run down all the parts that belong with that jet. Then you either have to get the "airplane" back together, or negotiate adjustments with the lessor. You know the Delta Connection Dornier jets on the ramp in MYR? This is the same problem that has made these airplanes difficult to re-sell. A buyer has the airplane for three months, then someone from Germany calls and says "give back my cowling," followed by a lawyer from Dubai saying "that right engine is ours." It is a mess.
Then there is the requirement to meet the requirements of the new lessor who will become "owner" of the jet. Then there are the requirements to modify the jet for SkyWest's Certificate and standards.
In the future it appears Delta will remain the lessor, at least on paper, to better facilitate these transfers. I have heard Jerry Atkin already has the insurance arranged so that aircraft can flow from one carrier to another.
But consider if your typical house closing costs $5,500 on a $300,000 mortgage - then the costs of moving a $21,000,000 jet with the specialized knowledge and skill set of intermediaries in the aviation market place have to be expensive.
When everything is considered, $1,000,000 sounds about right, 5% of the deal. Then there are $30,000 training costs times 11 pilots. But SkyWest has two year Captains. Killing longevity for 11 people probably pays for the $150,000 a year attorneys and managers to do their thing.