Originally Posted by
shiznit
Ok.... No one else wants to comment on the news out today that DAL wants to increase their investment in GOL from 3% up to 20%???
Lots of articles on yahoo major airline news about it...
Let's do the math:
GOL 3% stake = $200,000,000 from DAL coffers
roughly 1% = $66,666,666 million for each 1% investment
Increasing the DAL stake by 17%....
DAL puts out an additional $1,133,333,333. Yes, OVER ONE BILLION DOLLARS!!!!!
That says the company is seeing VERY strong revenues and will be able to pay up for the restoration of the pilot contract!
I need to look it up in the PWA, but isn't our threshold for ownership 25%?
I also saw it, but just got back from running my momma duties.
That is a lot of money, and it makes me wonder why DAL wants to protect this feed so much? I mean. this would basically allow them to move them to a different alliance if they wanted to, or control their schedules.
That is a lot of money to invest for any ole reason.