Originally Posted by
sab1250
According to the guys at the union meeting I attended last month, the company has never asked for Pref Bid. It's never even been brought up during negotiations. Apparently it takes 2-3 years for a company to get their money back when implementing pref bid. Would lead me to believe these guys don't plan on being around much longer.
I've heard the same thing from NC members regarding prefbid.
Now, I understand that everyone believes that Indigo Partners is in the business of flipping little airlines into ULCC cash machines, and that racing to IPO is part of their strategy; I have no argument against that. I think that after an IPO that Indigo's involvement in management of the airline will back off. But do they have any reason to exit entirely as majority stockholders? Besides Spirit do we have any example of them quickly exiting an airline investment? They are still invested in Whizz Air and Volaris. I think we may be attached to them for some time to come.