Originally Posted by
sulkair
So Indigo has successfully purchased, transformed and sold at least a handful of airlines around the world, correct?
Surely there is an aviation financial buff out there that has an understanding of how they did this each time. That person I am not.
Anyone know? Care to share? Can we reverse engineer a likely playbook?
Playbook isn't the greatest...
Spirit was a win.
Wizzair was a failed IPO.
Tigerair is down -23% YOY, -43% two year and -75% five year.
Private Equity will establish a cost center where it needs a cost center and create a "win" where it needs a win. You can't reverse engineer this bucket of money. With that being said, if you invested in all three and expected a return on your investment I would imagine you would be looking for a win by this point. Is F9 that win? That remains to be seen. The current management behavior suggests no.