Originally Posted by
ConnectionPilot
would I be surprised if we got bought? Not at all. Delta? maybe. Buy a carrier for 100-200 million, turn around and sell it in 2-3 years for a billion dollars? Yea I'd do it if I was Delta.
Zac 9E isn't worth that much, look at the Mesaba purchase, Delta sold XJ to 9E for chump change.
I personally think Delta gave 9E money because they controlled 36% of the regional flying for DL and it was a too big to fail scenario, that's alot of feed to lose.
9E doesn't own any assets except for the personel and maybe a few filing cabinets in MEM. Keep in mind Frontier was sold to Republic for $108 million in bankrupcy and that was with the aircraft. I think you would be looking at a price range close to or exceeding the Mesaba acquisition, but that all depends on what the value of the company is in bankrupcy. If Delta can turn this place around you may see a sale fore 100 million, but who knows where we would be when that happens.