Originally Posted by
hockeypilot44
Watch them sale the Frontier Airbuses. Just the planes, not the airline. Your pilot group could easily suffer a Midwest fate. You'll have a better spot on the seniority list than the Midwest pilots, but you will be furloughed due to your fences and no openings. It's not going to work out the way you hope it is.
You assume that there is equity remaining in the aircraft. Unfortunately there is not.
Paul Tate, former CFO of Frontier, liked to consider the untapped equity as his "piggy bank". Frontier cashed in that piggy bank during the summer of 2008.
RAH is not going to sell 60 airbuses and net a handful of millions. RAH is going to IPO a 60 airbus airline and net a few hundred million.