Airline Pilot Central Forums

Airline Pilot Central Forums (https://www.airlinepilotforums.com/)
-   Atlas/Polar (https://www.airlinepilotforums.com/atlas-polar/)
-   -   Atlas to be sold? Hmmm... (https://www.airlinepilotforums.com/atlas-polar/138800-atlas-sold-hmmm.html)

NoJoy 08-01-2022 12:08 PM

Atlas to be sold? Hmmm...
 
Interesting news if accurate. Letís hope it does not go through-

https://seekingalpha.com/news/386397...-worldwide-wsj
Atlas Air Worldwide (NASDAQ:AAWW) +13.9% in Monday's trading after The Wall Street Journal reported a group led by Apollo Global Management (NYSE:APO) is in advanced talks to buy the company.

A deal could come soon assuming talks do not fall apart, according to the report, which did not provide any potential deal specifics.

flyguy23 08-01-2022 12:16 PM

Meet the new boss, same as the old boss.

Elevation 08-01-2022 12:27 PM

Investment firms often use airlines to cross-subsidize failing investments (North American). I'd look at the state of their other assets to see what this means for our airline.

NoJoy 08-01-2022 12:40 PM

Apollo Global Management also owns Sun Country, since 2017. Or did. Interesting

BrazilBusDriver 08-01-2022 12:50 PM

Looks like they've also dabbled in aircraft leasing and have loaned money to Air France (for parts stock) and AeroMexico (for reorganization).

Elevation 08-01-2022 01:15 PM

Aeromexico and Sun Country still exist, so at least there's that.

TiredSoul 08-01-2022 01:24 PM

All we need (again) is Management that have no affinity with the product.

dera 08-01-2022 01:32 PM


Originally Posted by TiredSoul (Post 3471083)
All we need (again) is Management that have no affinity with the product.

For now we don't know if they will change the management.

ACMIguy 08-01-2022 01:42 PM

For whatís itís worth some of their investments are extremely successful (Caesars, AMC). Sun Country has grown substantially during the period of Apolloís investment. So maybe itís a good thing? 🤞

Atlasvet 08-01-2022 01:46 PM


Originally Posted by Elevation (Post 3471078)
Aeromexico and Sun Country still exist, so at least there's that.

They have their hands in 512 billion in assets, plenty of successful ventures, Harrahs (Caesarís Palace) AMC theaters, a couple of cruise lines, Yahoo, ADT, etc. It will be interesting to see what impact they have if it goes through.


All times are GMT -8. The time now is 10:42 PM.


User Alert System provided by Advanced User Tagging v3.3.0 (Lite) - vBulletin Mods & Addons Copyright © 2022 DragonByte Technologies Ltd.
Website Copyright ©2000 - 2017 MH Sub I, LLC dba Internet Brands