Originally Posted by Nevets

There you go again making stuff up. Skywest Inc bought xjt for $133, which xjt had as liquid assets at the time by the way. ASA didn't have any cash position, Inc does. And even if ASA had a 9 figure cash position, doesn't that make it one dollar short of $10M, at best? Seems to me that even using your $26M number, you fall short. And just because some smart attorneys write some fancy words and create shell companies to affect the transactions doesn't mean that Inc didn't buy xjt. That was all part of the game they played to try to show that our scope and holding letter doesn't apply. We all know that there is ONE CEO and ONE BOD. It's the same CEO and BOD ASA had before Skywest bought xjt and it's the only CEO and BOD that makes the decision to purchase an airline. Otherwise you would have us believe that the ASA COO BH concocted the idea and executed the purchase of xjt and then told his CEO and BOD about it. Either you think we are stupid or someone else is.


Nobody is talking about SLI. The fact that that is even in your thought process shows that your position doesn't hold water. Xjt wasn't going anywhere. Cal was not going to let 244 aircraft be parked in a chapter 7 liquidation as you allude to. Dal couldn't even let pinnacle go under and they had fewer aircraft. Fact is that xjt was starting to turn it around and was in talks with airways. If you read the merger agreement, Inc required xjt to halt all negotiations with airways. And guess who got that flying shortly thereafter?

Anyway, stop trying to say things that aren't true. You get called out on them at least half the time. How many syllables does Acey have? One right? You still holding on on to that one?

Ps here is a wsj article quoting the president of Skywest inc, not the president of ASA.

SkyWest to Buy ExpressJet for $133 Million - WSJ

SkyWest Inc. agreed to pay $133 million in cash for ExpressJet Holdings Inc.

Brad Rich, SkyWest's chief financial officer, didn't rule out further deals as the regional sector tries to handle pressure from the majors to cut costs and improve efficiency.
Rich said the new deal is completely different as it has reached a new pact to fly on behalf of Continental that extends the existing term and will ease its aircraft replacement plans.
Rich said SkyWest aimed to combine the airlines within 12 months, and forecast a 45-50 cent boost to annual earnings from $60 million to $70 million in cost savings.

Originally Posted by Dunkin

Check again on what 9 figures means, ASA had at least $100 million in the bank which counted as part of Inc's total cash on hand when Inc woud report their numbers. They bought XJT for about a net payment of $26 M because of the liquid assets and cash on hand that XJT had at the time of purchase. It is not that hard to figure out but most pilots are so business illiterate that it does not surprise me you are having difficulties. Maybe your aviation forum time would better be spent getting an MBA so you could understand some of these things, it might even help with your plan B and C! Not knowing how much 9 figures amounts to is worse than not knowing how many syllables ACEY has.

Originally Posted by Jefferson

You guys have He Said/She Said up this forum until it is almost useless, all the while missing the real question.

Just how long do you think St. George is going to lose money until they start to cut their losses?

Originally Posted by RamenNoodles

Where have you been? They're already cutting the fat by not renewing unprofitable contracts and retiring those aircraft.

Originally Posted by Jefferson

I guess my question was a bit shrouded. One side seems to be acting like they are bullet proof.... My question is just how long do you think INC. is going to put up with it.

Originally Posted by Jefferson

I guess my question was a bit shrouded. One side seems to be acting like they are bullet proof.... My question is just how long do you think INC. is going to put up with it.

Originally Posted by Firsttimeflyer

Well Inc has a history of profits and relative cooperation from one side, the other side they have a history of fighting, childish acts, losing a lot of money, and unprofitable aircraft/contract/etc.



You decide.

Originally Posted by captlonestar

"You decide"

I've decided that your a douchbag. Please **** all of you!