Originally Posted by
boxer6
BS..Maybe...then maybe not.
2.5B or maybe its 1.5B. Would that change your mind about whether leverage on the company exists?
You want proof? Perform some due diligence and vet his information out. The most informed vote is the best vote.
If you're so skepitcal Then what's your hypothesis as to why mgmt is SO eager for a TA? Oh..your answer should be related to dollars and not some hypothetical "position us to better compete" fluff. Mgmt lives in a concrete world.
The MEC was given the same brief as the Delta Board of Directors. The net cost saved is not even close to $2.5 B. In fact it is not even a 1/10 of that. I can't believe some guy posts on the internet that he knows a guy that knows a guy that says this is $2.5 B and anyone even puts a grain of confidence behind that. Next, we are getting into the space aliens theories.
If you can get one MEC member, even one who voted no, to back up that number then let me know. They are going to keep about 1/3 of the 50 seaters that they have now, so the costs of that engine maintenance is not saved. By the way, $2.5 billion spread out over 218 50 seaters comes to over $11 million per jet for engine overhauls. Are they putting gold plated turbine blades on those things? You can buy an entire used CRJ-200 for about $3 million now.