Originally Posted by
Flex81
My understanding is that he could've sold 51% of Frontier which would've prevented the obligation to comply with your contract. BB chose not to sell. However, I believe it is a chess game for Bedford. He is waiting to see how it plays out, while in the meantime, he gets to keep it separate like he wants it. If it comes down to: A) Merge lists and it costs a ton of $$, or B) Sell off 51% of Frontier, he will no doubt choose B. If we wind up like UsAir/Cactus, then he doesn't have to take the blame for the lists not being combined.
My guess is he sells 51%+ of the fixed fee operation based on the current environment. Any takers?