all CAL said was unless we renegotiate our rates down to the savings offered in the skywest deal then they will pull the additional airplanes starting in DEC 2009. That is still a long way off. Our management may be looking to renegotiate on their own with CAL and this may have been a persuasion tactic to get our management to reduce our fleet size, drop pass benefits, bring XR's back from our branded operation... all things that they were previously not willing to cave on.

If our management receives a realistic offer from a buyer (3.50 a share doesnt even cover cash on hand) then they may be forced to sell by the BOD but i am sure they will try like hell to renegotiate with CAL independently. SKYWEST needs to up their offer and CAL would need to stonewall their negotiations for us to be sold anytime soon. They are earning a around 10% profit on 205 Airplanes until DEC 2009.