Guys, these regionals are running out of ways to make money. The days of FFD contracts are dying, and management knows scope isn't going anywhere. Therefore, if these regionals want any hope of survival they have to think of new ways. Hence the regional mergers and ordering larger airplanes. I really think ACL is on to something. These regionals know their gravy train is drying up, & if they become a leasing company they have found a new survival method.