Originally Posted by
Texxx
2. This is correct up until UAL found out that AA was the majority share owner, 20%, of Mesa when they filed an IPO in July. There are other signs of this if you do your homework.
UAL likely would not have found out for the first time with Mesa’s IPO that AAL owned 20% of Mesa with a 10% voting stake. But, I doubt it. Any due diligence by UAL during the CPA negotiations would have discovered AAL’s ownership and voting stakes a long time ago. AAL is also now at 10% ownership stake with 5% voting rights.
I also believe that UAL may retire the oldest CRJ700’s in their fleet. In that case, Mesa loses 20 CRJ700’s and GoJet loses 5 CRJ700’s. That math also makes sense.