Notices

Atlas to be sold? Hmmm...

Old 08-04-2022, 07:04 AM
  #81  
In a land of unicorns
 
Joined APC: Apr 2014
Position: Whale FO
Posts: 6,401
Default

Originally Posted by 160to4 View Post
I’m not sure. Why didn’t they purchase Titan then? Purchasing an airline with 767/747s with an average airframe age of 20+ years is very short sighted if you’re thinking of turning it into aircraft leasing. The value of Atlas Air as we know has tripled since the pandemic, so I just don’t see such a large bid for it to turn it away from what it actually does right. Time will tell
No-one offers 52% premium over trading if they plan to shrink us.
dera is offline  
Old 08-04-2022, 07:26 AM
  #82  
Gets Weekends Off
 
Joined APC: Oct 2018
Posts: 300
Default

Originally Posted by dera View Post
No-one offers 52% premium over trading if they plan to shrink us.

Exactly my point. It has always been about shareholders and now that they’re handsomely paid and gone, risks can be taken to grow this place
160to4 is offline  
Old 08-04-2022, 07:52 AM
  #83  
All is fine at .79
 
TiredSoul's Avatar
 
Joined APC: Sep 2016
Position: Paahlot
Posts: 4,045
Default

Originally Posted by 160to4 View Post
Exactly my point. It has always been about shareholders and now that they’re handsomely paid and gone, risks can be taken to grow this place
No offense, who will it be for then?
Someone has a plan, you don’t buy anything without a plan.
TiredSoul is offline  
Old 08-04-2022, 07:55 AM
  #84  
Gets Weekends Off
 
Joined APC: Sep 2015
Posts: 666
Default

Originally Posted by TiredSoul View Post
No offense, who will it be for then?
I would suspect that the idea is that, as a privately held company, the owners are free to pursue a long-term vision without worrying about answering to investors every quarter. Whether or not that materializes remains to be seen.
RyeMex is offline  
Old 08-04-2022, 07:56 AM
  #85  
Gets Weekends Off
 
Swakid8's Avatar
 
Joined APC: Apr 2015
Posts: 2,412
Default

Originally Posted by TiredSoul View Post
No offense, who will it be for then?
The owners now since Atlas Air will be taken private.
Swakid8 is offline  
Old 08-04-2022, 08:30 AM
  #86  
Gets Weekends Off
 
Joined APC: Oct 2018
Posts: 300
Default

Given our track record, it’s easy to look at things more as a pessimist than an optimist. Think like an investor; someone has seen Atlas Air’s potential as a cash cow and has moved quick to undertake it. I still stand by my opinion that no one really wants to add aging fleets to their portfolio, so the idea that we will become a leasing arm just doesn’t hold much logic. As someone previously mentioned; there is no executive round table to please every quarter anymore.

We can’t compare Jetblue to Atlas, but Spirit is the cash cow, with plenty of new birds on order and a very large market share. The plan (at least in JetBlue’s eyes) is to introduce a 4th major airline with an improved product (all subject to final approval of course).

I hope for all of us, we go that direction.
160to4 is offline  
Old 08-04-2022, 08:57 AM
  #87  
Line Holder
 
Joined APC: Dec 2007
Position: B744/8 CA at Atlas
Posts: 83
Default

Originally Posted by 160to4 View Post
I’m not sure. Why didn’t they purchase Titan then? Purchasing an airline with 767/747s with an average airframe age of 20+ years is very short sighted if you’re thinking of turning it into aircraft leasing. The value of Atlas Air as we know has tripled since the pandemic, so I just don’t see such a large bid for it to turn it away from what it actually does right. Time will tell
They did purchase Titan - its a subsidiary of AAWW!
WorldDC10 is offline  
Old 08-04-2022, 09:09 AM
  #88  
Gets Weekends Off
 
Joined APC: Oct 2018
Posts: 300
Default

Originally Posted by WorldDC10 View Post
They did purchase Titan - its a subsidiary of AAWW!

You are correct. Initial email a few days ago mentioned only “Atlas Air”, whereas today it clearly mentions “Atlas Air Worldwide”
160to4 is offline  
Old 08-04-2022, 09:19 AM
  #89  
On Reserve
 
Joined APC: May 2022
Posts: 17
Default

It's a stock buyout. There is no Atlas Air stock, only Atlas Air Worldwide Holdings.
flaperon is offline  
Old 08-04-2022, 12:26 PM
  #90  
On Reserve
 
Joined APC: Jul 2007
Posts: 14
Default

From a Hill City Capital insider:

The plan is to fragment the airline, breaking into two airlines and profit off the sales of each individual airline once restructured. Needs to go private to get done outside shareholder approval.
Amazon is taking 737, 767, 777s and the remaining 747s will be restructured back into the old Atlas Air model.
Amazon wants their own airline without the Teamsters Union and without the high pay scales, they want all pilots starting on year one pay, all pilots brought on Amazon property will need to apply.
Talks of strong union members being denied. From my understanding a large social media campaign researching the pilot group has already been implemented to weed out strong union supporters.
jtg76 is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
1st Supersonic
Atlas/Polar
20384
03-20-2024 10:15 PM
Guard Dude
Delta
201720
04-06-2022 06:59 AM
zerozero
Atlas/Polar
12
05-11-2021 05:54 PM
Royaldane
Charter
251
02-11-2019 03:43 AM
GIANT PILOT
Cargo
33
06-13-2008 05:22 PM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Thread Tools
Search this Thread
Your Privacy Choices