Cal doesn't own them anymore. My point was that should CAL feel pressured by other regionals, ie RAH, and with XJT's low stock price they could start picking up shares then pull a hostile takeover. Right now, from what I've been told by so-so credible sources, CAL is making money by leasing all the aircraft to XJT. If they would own their own aircraft they'd be sitting better as they'd have more assests to liquidate but right now they don't.