Originally Posted by
No Lies
UA already put money into and has a large ownership in C5 (just under 50%). A couple of C5 board members are from UA (2 of 5) and you will never see anything official from either company. That's the reason for the under 50% ownership by UA. A lot of key players at C5 are from UA or CO.
We were also told by the boss that UA will not outright buy a regional. It appears that was done once before under the CO name and it did not turn out very well. They seem to want something that they can wash their hands of if they need to.
C5 may be private, but UAL is not, and any significant investment in another entity would have to be disclosed to the stockholders. And C5 wouldn't be the first regional to have mainline management on its board of directors. Its happened many times before.