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Atlas to be sold? Hmmm...

Old 08-04-2022, 07:04 AM
  #81  
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Originally Posted by 160to4
Iím not sure. Why didnít they purchase Titan then? Purchasing an airline with 767/747s with an average airframe age of 20+ years is very short sighted if youíre thinking of turning it into aircraft leasing. The value of Atlas Air as we know has tripled since the pandemic, so I just donít 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.
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Old 08-04-2022, 07:26 AM
  #82  
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Originally Posted by dera
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 theyíre handsomely paid and gone, risks can be taken to grow this place
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Old 08-04-2022, 07:52 AM
  #83  
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Originally Posted by 160to4
Exactly my point. It has always been about shareholders and now that theyíre 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 donít buy anything without a plan.
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Old 08-04-2022, 07:55 AM
  #84  
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Originally Posted by TiredSoul
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.
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Old 08-04-2022, 07:56 AM
  #85  
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Originally Posted by TiredSoul
No offense, who will it be for then?
The owners now since Atlas Air will be taken private.
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Old 08-04-2022, 08:30 AM
  #86  
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Given our track record, itís easy to look at things more as a pessimist than an optimist. Think like an investor; someone has seen Atlas Airís 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 doesnít hold much logic. As someone previously mentioned; there is no executive round table to please every quarter anymore.

We canít 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 JetBlueís 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.
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Old 08-04-2022, 08:57 AM
  #87  
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Originally Posted by 160to4
Iím not sure. Why didnít they purchase Titan then? Purchasing an airline with 767/747s with an average airframe age of 20+ years is very short sighted if youíre thinking of turning it into aircraft leasing. The value of Atlas Air as we know has tripled since the pandemic, so I just donít 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!
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Old 08-04-2022, 09:09 AM
  #88  
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Originally Posted by WorldDC10
They did purchase Titan - its a subsidiary of AAWW!

You are correct. Initial email a few days ago mentioned only ďAtlas AirĒ, whereas today it clearly mentions ďAtlas Air WorldwideĒ
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Old 08-04-2022, 09:19 AM
  #89  
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It's a stock buyout. There is no Atlas Air stock, only Atlas Air Worldwide Holdings.
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Old 08-04-2022, 12:26 PM
  #90  
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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.
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