Originally Posted by deadstick35

The AirTran offers were shot down by a media blitz of "Save the Cookie" and playing up the Milwaukee hometown airline.

Originally Posted by zoooropa

I am not trying to incite a riot or pile on the YX gents, but the fact that people keep saying that midwest "had been doing just fine" or had "$180 Million in cash" need to take five minutes and read some SEC filings. MAG lost more than $200 Million between 2001 and 2007. The airline had one profitable year (2007) since 2000.

Additionally, TPG has ZERO stake in MAG as it exists today. Republic acquired 100% of the equity of the company from TPG, and they accomplished the acquisition for one dollar.

Originally Posted by MD80

Wrong

You guys need to read Republics SEC filings too...


Item 2.01


On July 31, 2009, pursuant to the terms of the Agreement and Plan of Merger, dated as of June 23, 2009, among Republic Airways Holdings Inc. (the “Company”), RJET Acquisition, Inc. and Midwest Air Group, Inc. (“MAG”), as amended (the “Merger Agreement”), RJET Acquisition, Inc. merged with and into MAG (the “Merger”) with MAG continuing as the surviving corporation and becoming a wholly-owned subsidiary of the Company. Pursuant to the Merger Agreement, at the effective time of the Merger


Only 1-2 airlines made money during 2002-2006. The regionals did make money and that is way future regional contracts are going to change.

Originally Posted by zoooropa

I am not trying to incite a riot or pile on the YX gents, but the fact that people keep saying that midwest "had been doing just fine" or had "$180 Million in cash" need to take five minutes and read some SEC filings.