Originally Posted by
duvie
Try to be objective here, I know you don't want this to be a bad thing, but I don't think any regional partner has come out ahead when their major partner starts to try and distance themselves from them. Comair & XJT both come to mind.
"COULD be a good thing" just like buying a lottery ticket means you COULD be about to have a ton of money.....Yes, it could be good, but I really don't think the odds are there. Just trying to keep things real for ya, no need to overreact the other way either, I wouldn't leave if I was at Eagle, but you gotta be ready for BOHICA in this business.
Comair and Expressjet were stuck with a bunch of airplanes. They are transfering the planes to AA/AMR ownership and leasing them to Eagle.
Eagle has two operating certificates... one which can continue to fly small scope planes for AA... and the second which will be free to purchase larger aircraft. Eagles current planes will be completely paid off with 2 years. Eagle also obtained DOT authorization to fly anywhere under the open sky's agreement. Eagle itself is a member of the One World program and would be free to codeshare with any of the other One World partners.
It would also be free, with the larger planes certificate, to fly existing Eagle routes for AA as an interline provider like jetblue does except with larger planes.
They just did an end run around scope with the money coming back to the same shareholders.
Nope, AMR isn't splitting the stock to existing shareholders to lose value... that would be career suicide.