Originally Posted by
1234
I have a hard time believing that our deal has anything to do with the refinery. Reports say that Delta would buy for $150 million and JP Morgan would finance the refining. Hard to believe those small terms would justify a quick settlement for management. But what do I know.
I agree with this. How much did they invest on GOL? 150 million is peanuts and would not precipitate a need for adding 500ln-900bln to the pilot costs. Its something else.
On a side note, I have been sitting here today pondering RA's comments about LHR. I have been focusing on OneWorld and BA, but his words could also be an indication that they want to go ahead and buy Singapore's 49% stake in Virgin Atlantic. Now that would require financing, and that would precipitate a desire for a quick deal with the pilots.