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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.
[loud snoring]Originally Posted by Mason32
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.