[QUOTE=Monocoupe;2655426]
Originally Posted by
calmwinds
"The republic - trans states rumor is pretty old and predates the Mesa IPO by months. The fact the IPO at $12 per share still went forward shows that whatever the intent of the IPO by Mesa management still existed last Thursday, or the IPO would have been withdrawn. Mesa needs the cash for a reason and it still existed last week.
Rumors are a dime a dozen in the airline business (until they happen). Remember, United was rumored to be buying ExpressJet from SkyWest in Fortune earlier this year. There are even rumors out there that American would continue to increase its ownership stake in Mesa after the IPO to a controlling stake. I think it is easier to buy lotto tickets than believe airline business"
First, out of pure curiosity, how exactly old is this republic-trans states rumor? Would you happen to have any evidence, perhaps any speculation of it that you could share?
It is at least two years old. Just read the posts on their forums here to find Republic - Trans States “rumors”. Rumors are rumors unless they come from board members or executives. And, unsubstantiated, unnamed resources in news articles and blogs are just rumors.
As not just a pilot but an investor in this industry, I don’t put a lot of stock in these rumors. First, regionals don’t really have a lot of assets beyond their CPA’s and their pilot base. Their aircraft are tied up with their lenders. Republic has not really freed itself yet from its bankruptcy. Who do you think really owns Republic? It is their former lenders from before the bankruptcy.