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Old 10-24-2019 | 07:28 PM
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Originally Posted by Tranquility
If I recall correctly, consolidation was brought up, but for the life of me I can’t remember the gist of the answer.
They asked management

“We are not asking about consolidation directly, that's not really the issue. But with the new aircraft contract, did you build any, I don't know, deliberate contract flexibility into that as part of the order? Should you end up participating in M&A at any point during the delivery stream?”

Answer

Hey, Jamie, it's Ed. So we were pretty thoughtful throughout the course of this order for a variety of things. And as Scott mentioned in his comments, flexibility was a component of our fleet desires going forward and that flexibility went up or down within gauge, and we built a balance sheet to enhance that by the way. So we're very excited about the growth prospects. We feel good about the setup. We have the desired fleet flexibility to move within gauge to get more airplanes that we want, to retire aircraft, to sell aircraft. We have flexibility within the contract as well. So I would say, broadly speaking, I think, we're in a good spot.
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