That is what I have been thinking. I have though that since DAL/NWA wrote off the investment the whole thing has started to stink.

That is how I understood it. You may write the loss off but you still control the stock, etc.
DAL had to have knowledge and IMO give consent for the transaction to take place.
To me that means DAL has their hands all over the RJET actions as of late. It is all a little too cozy.
Some think that DAL is going to buy Rjet, some think that the 175's of Rjet are going to come to CPS/DAL, some think that CPS is going to be sold to Rjet.
All the while the MEC chair thinks/states that Republic is not going to be a DCI carrier much longer.
This is the stuff that does not have decent implications, I do not care how you slice and dice it.