Originally Posted by
itsmytime
so you’re saying United would keep their investment in xjet, but wind them down? Doesn’t make sense. What I’m saying is if United keeps their investment, xjet survives. Obviously if they sell them off, anything goes.
XJT was purchased for 70mill.. plus parts, ect. So lets say UA’s 43% is 50 mill. Start a stop
watch for 5 hrs. UA just burned 50 mill in losses!!! There investment is. Crumbs at this point. Airlines need cash to survive this. How much “cash on hand” does Mana have??? Because UA isn't paying allowance right now.. I do believe XTJ is in better position then some UAX carriers though...