Originally Posted by
JamesBond
Source. Proof. Waiting.
You are absolutely naïve if you think that the Delta management team that bought and turned around VA with an updated fleet plan and transformed the route structure from a predominately Asia to a predominately Europe and Atlantic model had nothing to do with the purchasing of the new fleet.
This union is a
Joint Venture which Delta own 3/4 of. All of Delta plus half of VA. I don't mind the business plan so long as the flying done in lieu of Delta still pays Delta pilots handsomely via profit sharing. I have no control over the direction of the business, in fact this practice will continue to expand because of its proven profitability. Those JVs will help Delta's profits but will limit Delta pilot jobs. Maybe by the 1000s gzsg is talking about.
As far as proof, I can offer GOL SEC filings and transcripts that describe the same strategy. VA was the initial equity + JV virtual merger and the model for GOL, Aeromexico etc. Past statements from RA and EB speak to the preferred expansion method over organic growth. These companies are being run as one. VA is privately held so no disclosure is required by the SEC. All this information has come out from time to time in investor meetings and presentations.
Here's the JV + equity "virtual merger" plan.
https://www.sec.gov/Archives/edgar/d.../image_017.jpg
Word search this document for the word Delta.
https://www.sec.gov/Archives/edgar/d...rm20f_2015.htm