Originally Posted by
No Land 3
The fact that JO finances everything, owns nothing but the worlds only 200 to have a D check, I'd say he only cares about the shell game and making himself rich.In times of trouble, it's easier to furlough pilots and turn in leases than to invest the money so no debt is owed and can weather bad times like a more reputable company would do.
I am in the JO cashing out camp. However, there is an argument that the IPO is timed to raise cash for the initial payment against the 25 Ejets to replace the 700’s. As we see with Republic and SkyWest, United would prefer its regional partners buy the Ejets rather than tying up its own capital.