Originally Posted by
zoooropa
I am totally biased, but I still can't identify what legal right YX has to the flying.
The YX/RAH transaction is similiar to the ATA/SWA transaction, in my opinion. One could even argue that ATA was in a stronger financial position than YX before ATA ceased operations.
The big difference between the two is that SWA didn't change their name to ATA after they acquired the ATA assets. Everyone one of ATA's pilots was on the street.
I think SWA bought the assets of ATA. Republic legally merged Midwest and Republic.
TPG is holding stock and a board position at Republic.