Originally Posted by
ToiletDuck
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.
They'd also have significantly less cash on hand. And as anyone who bought a car they can't afford will tell you, you can't take a tire into the grocery store and buy a loaf of bread. Even leasing aircraft from CAL, cash flow is not a problem for XJT. Besides, having an asset to liquidate is only worth while if there is a market for said asset. And there ain't much of a market for 10 year old Jungle Jets. Here's my longshot: CAL pulls more flying, stock price slips further further, XJT gets bought by SWA and turned into SWExpress.
