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Old 10-27-2010 | 07:47 AM
  #50959  
texavia
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Originally Posted by Check Essential
Here's the info we were looking for on RJ codeshare agreements.
It is buried in the notes to the consolidated financial statements:


Look at pages 86, 87 and 88. The outsourcing agreement details and durations are on page 88.

The really stunning number is that we are on the hook for $16.6 billion in "minimum fixed obligations" to our contract carriers over the life of those agreements. That's some serious cash. And it doesn't even count Comair, Compass or Mesaba.

e10vk
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So is that some of that off-balance sheet financing that some say is supposed to make a balance sheet look "better" to banks, Wall Street and retail investors?