Originally Posted by
HermannGraf
[/B]
oj, oj, oj
talk about needing to relax.
Who do you think made the money for Skywest Inc. yes Skywest Airlines,....and the money that they paid for ASA?, Yes Skywest Airlines. And who do you think made all the cash that Skywest Inc is trying to invest in buying another company? Yes Skywest Airlines and in the future hopefully ASA too.
So when any of our pilots say that "we bought" another company like when we bought ASA it is because it was done with money that we among others working at Skywest Airlines made for Skywest Inc.
Without Skywest Airlines and the money from its operation Skywest Inc would not exist in the first place.
Skywest Airlines and Skywest Inc being two different companies is just a financial strategic (for tax, investment and financial protection) issue and we (at least me) does not see it like two different companies but more like two departments of the same company.
Buying additional airlines is not necessarily a good thing. Mesaba owned big sky and our holding company (MAIR) funneled all of our cash to keep Big Sky running. Bottom line, Mesaba pilot profits went to keep afloat a dying Big Sky. So acquisition is not always a good thing, but I am sure you and Jerry already have this all figured out.