Originally Posted by
MatchPoint
It must be rough going through life so disgruntled, unhappy and angry. Life is far too short so you might want to seek some help before it's too late.
SkyWest was willing purchase ASA because it secured a 15 year contract through 2020 with nice margins for both sides. That contract also guaranteed a minimum percentage of DCI flying in both SLC and ATL but even with the profits ASA's making XJT's dragging them into the red. Remember Comair was also a cash cow for Delta who paid $1.8B for them in 1999 and then shut them down almost 13 years later (2012).
Would you rather Delta had shutdown ASA as well or are you so delusional as to think they wouldn't have?
FYI, Delta shutdown Comair after paying $1.8B in 1999 whereas they only paid $700M for the remaining 78% of ASA in 1999 (that puts ASAs value in 1999 just under $900M or half of Comairs). Delta then sold them for $425M (see link below). Delta didn't give 3-sheets about ASA, they were nothing more than a pawn in play and Inc. cashed in.
http://www.nytimes.com/1999/02/17/business/delta-to-buy-rest-of-stake-in-atlantic.html
http://inc.skywest.com/invest/investor_releases/2005/Aug/Delta_PR_8-15-05.pdf
Last edited by MatchPoint; 07-06-2013 at 07:10 PM.