Originally Posted by
FriendlyPilot
You just don't pay whatever the going market cap is and you get the planes. Its not like buying a car. If you buy Spirit you also get to take on $3B in debt and very few assets since they are all leveraged or sold and then have to carry the ongoing losses (almost $1B a year) until you can get everything integrated to get the efficiencies. Trying to do that while also figuring out how to put HA/AS together would be a mess.
Read the part where I said (not including debt) if you include total debt. JB has 6 billion and Spirit has 7 billion. So with market cap and debt, a 3 billion dollar difference. Just because aircraft are leased does not mean the aquiring party doesn't get them so not exactly sure why they wouldnt be considered assets? No they aren't fully paid for but a bunch of fully paid off old airbus's from 2002 in JB's cases aint exactly very valuable either. You aren't wrong abou the ongoing HA/AS stuff. Just simply pointing out spirit is a much cheaper option/value.