Originally Posted by
Flyby1206
Hey folks, sorry to interject. Just saw this article and was curious about the $2bil valuation they are shooting for the IPO. Does F9 own all of its fleet? Or leased?
VX was about $1.6bil valuation before the crazy bidding war began, but they had some high priced real estate in SFO.
To my knowledge all of "our" aircraft and future aircraft orders are leased-back after being sold to GE Capital.
The only valuable real estate F9 had was in Denver, and our management volunteered to cut the number of gates in half; at the same time every newspaper was claiming Denver as the fastest growing city in the U.S. There is no long-term vision for this company, it exists solely for short-term profits.