Originally Posted by
dhc8guru
I'm not sure it was strictly because they couldn't afford them. They sold the planes to Skywest in order to gain a cash infusion to keep the operation running.
Maybe having the cash on hand was to avoid something in the short term like bankruptcy? Which doesn't bode well with investors.
I'm no economist, but it sounds like a smart move.
What is public knowledge is that:
1. Compass shut down this year
2. Trans States shut down this year
3. SkyWest was going to lease 29 CRJ700 airframes to GoJet, but GoJet had to return three and could not accept the remaining 13 due to financial issues. This is per the SkyWest earnings statement.
4. Now SkyWest is purchasing 21 airframes from GoJet and leasing them back to them.
Everything else is speculation from the evidence and clues.