Originally Posted by
fastneat
Sir, may I make a statement? I have a pilot friend at Breeze who bought in in August 2020. Ten months later when they released B shares, his initial investment at Breeze was valued at 5x. (on top of his options..)
he's pretty good with it.
Until it’s publicly traded, it’s kind of hard to place a valuation on the company. And that 5x was based on a basically self-proclaimed 1.5bn valuation if I’m not mistaken. Pretty aggressive if you ask me. I’m not saying that early investors won’t do well. It probably will. I’m not arguing the merits of an investment in breeze. I am arguing that they are underpaying, and as a start up, ought to at least be providing equity in the company to compensate for low wages and poor work rules. But, no real reason to do it when “it’s better than my regional, barely” keeps classes full, and attrition doesn’t cancel flights or cost more money in hiring/training than paying enough to keep people.