Pretty sure cash on hand and paid for aircraft make it a very valuable company. The stock price at $163 is still 4 times that of any other airline. Your on track with the business model part but I think you derailed with the assets part. I doubt we are on the radar of anyone nor do they have the cash for a buyout. As for a straight merger, doubt Maury would give an inch of control to anyone.

I'm more interested where Harfst lands. Ive been scouring the net to see any news about where he ends up.