Originally Posted by
viper548
Chip talked to my class about a month ago and was asked about this. He said he'd like to get another contract (US Air, or CAL) but not at the expense of buying a company losing $10M per month. Mesa has even worse problems right now. I wouldn't be surprised if SKY bought pieces of mesa to get more CR7's and CRJ9's or to get in with US Air. SkyWest has a lot of money in the bank and have always been a cautious company, that will continue. Jerry and Chip are smart guys.
When I said I had it on good authority I should have said GREAT authority. This is not an idle rumor. The fact is SKYW is actively and seriously considering the purchase of MAG or XJT. Just remember I told you so. If it hasn't been announced in 6-8 months it will mean they changed their minds or couldn't work out the terms they wanted, not that this wasn't true. At current market caps, the could write a check for both.