Originally Posted by
SmitteyB
You guys have got to relax. RAH isn't going anywhere.
I agree this is a huge push by BB and the RAA to get relief from 1500 hour rule. This creates massive publicity and allows BB to go to the aviation subcommittee and and say- we are about to put 7000 employees out of jobs.
Let's relax, breathe, and understand that RAH has long term CPAs which can be used as collateral to borrow against. As well as the equity in already owned EJETS.
No doubt they are pushing for repeal or other changes to the law, but this is much deeper than that. You don't let your stock fall 50%+ in a single day, and analysts don't arbitrarily downgrade the stock just for political posturing. Nor do you hire an external consulting firm just to prove a point. There is something much bigger going on. I'm not saying it's the end of RAH but this is not just BB or others pushing for regulatory change or publicity.