Originally Posted by
C5Pilot
He just got all this for $44 million when you take XJT's 90 million in the bank.
$108 in cash and restricted cash
Originally Posted by
bender
I'm not sure that's correct. During the earnings call Brad Rich was asked if the new 10 year CPA was a condition to the purchase of XJT, to which he responded no. That could mean that ASA still has a new CPA with Continental even if this deal falls through.
I don't remember that. In fact, they did say that this deal is not contingent on the UAL/CAL merger.