Originally Posted by
ToiletDuck
You asked that same question before to someone and here was their reply.
You still haven't explained how RAH getting a $91m claim for DAL surrendering RAH shares during their bankruptcy equates to "owning $91M worth of Comair."
That's right, because it doesn't. At least not directly...
It doesn't make financial sense to me (admittedly not an accountant) for RAH to purchase Comair. Why buy a company with a largely bitter, militant pilot group that has a mostly old, dissimilar fleet from your own? Of course the CHQ CRJs could be shifted to Comair for DCI flying and CHQ/DCI 145s could be shifted to CAL...but that'd create a shiatstorm of untold magnitude across the board.
If I'm not mistaken, Wexford has or is in the process of divesting itself of RAH shares. That certainly doesn't mean they wouldn't provide $$$ for a future deal, however...