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Old 11-15-2016 | 06:55 PM
  #45  
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Dave Fitzgerald
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Joined: Mar 2012
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From: 777
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Regardless of the aircraft deferral, this muddies the water with respect to the RJ issue.

This move does not make sense as a stand alone. Everyone is speculating on another RJ order which is not in evidence.

The economic reason the 737-700's were ordered in the first place stands. The RJ's are bleeding money, and by deferring the 737's for the Max's, which I think is a good move BTW, still leaves us bleeding the RJ conundrum. Scope choke is already here, so something smells rotten.

Hence the new guy's love of RJ's? He will bleed today's dollars in capital expenditures at the expense of even near future revenue? The only way that makes sense is a stock buy back where they need immediate cash, which screws us and the operation.

This could be a good move, but the way it was announced does not make any sense, and mortgages our future. There's something afoot, "Long live the RJ!"

Given the management's recent history, this is not a good move. Think longer than next summer.
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