Originally Posted by
RockyBoy
Beech2jet is at one end of the extreme and you are at the other. I can tell you that the XJT of today is not the XJT of 5 years ago. The only 2 quarters in history to lose money were the last two. The stock price is at a point that the risk of takeover is significant. I'd bet that if management doesn't find a way to go private from public, someone will buy XJT and I wouldn't want to be there when that happens. If XJT can get CAL to let them fly some of the jets for other carriers under a CPA, then XJT will be fine in the future. I know that Delta would probably throw more jets in the mix with XJT, but XJT is limited on what CAL will let them do. They have to fly the jets at risk for Delta or else they have to charge the same price to CAL that they do at Delta. I also don't think they can codeshare with the branded stuff due to restrictions from CAL. With that said, I'd go to XJT over most regionals. They have the best pay, retirement, vacation, work rules, and the relationship with pilots is great. You do have to admit that it is not the same XJT of years past, and that there are some significant risks of coming to work for XJT right now.
This is part of the problem....this nonsense that we will be bought out because of the stock price. CAL will not let that happen. As the former parent company, they negotiated the option to buy back the company if an outside suitor attempted to buy us or merge...there's no way CAL would allow us to be purchased when the price is so low, CAL would make a profit buying us back at these prices...and XJT getting bought back buy CAL would fix the whole "stability" issue now wouldn't it? The more likely scenario is XJT buying back its own stock and going Privately Owned for a few years, then re-issuing Common Stock, again at a profit.