To piggy back this statements since I had to hit post and answer a call...

TransStates Holding Co did not have a DCI ASA prior to today. There was no secondary benefit to sell them to these guys. Selling them to RJET or SKW would have allowed they to alter the FFD structured ASA's to the "At Risk" structure. It appears that is the structure of the new agreement with TSA, but there is no other real benefit since they were a WO.

The only other bennies I can see is the DOT3 et al will now e paid by someone one else. We may see some A/C obligations removed from our balance sheet as well. We are getting out of the WO game. There are going to be wants/desires on these flows and my guess is that if we do not play ball these airlines will be sold again.