Originally Posted by
svergin
Its more than $4B to buy Virgin America because of the debt that was assumed.
"Under the deal, Alaska Air will pay $57 in cash per Virgin share. Virgin closed Friday at $38.90. The companies described the entire value of the deal at about $4 billion, including debt and aircraft leases."
Estimated Total Cost for Virgin America at $4B
This under no circumstances seems like a good deal. What did they pay for exactly? This sounds like they are trying to spin a stupid decision into something beneficial.
I can't argue your statement. Right now I'm a skeptic optimist. Maybe Jet Blue just kicked our ass at the auction house. Those bean counters are smarter than me when it comes to finance. It is what it is. They didn't ask any of us our opinions. They have done a good job so far. I have to trust them for now. There is nothing I can do about it. I just move the metal. They sign the checks.