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Atlas to be sold? Hmmm...

Old 08-01-2022, 11:08 AM
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Default 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.
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Old 08-01-2022, 11:16 AM
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Meet the new boss, same as the old boss.
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Old 08-01-2022, 11:27 AM
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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.
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Old 08-01-2022, 11:40 AM
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Apollo Global Management also owns Sun Country, since 2017. Or did. Interesting
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Old 08-01-2022, 11:50 AM
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Looks like they've also dabbled in aircraft leasing and have loaned money to Air France (for parts stock) and AeroMexico (for reorganization).
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Old 08-01-2022, 12:15 PM
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Aeromexico and Sun Country still exist, so at least there's that.
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Old 08-01-2022, 12:24 PM
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All we need (again) is Management that have no affinity with the product.
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Old 08-01-2022, 12:32 PM
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Originally Posted by TiredSoul View Post
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.
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Old 08-01-2022, 12:42 PM
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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? 🤞
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Old 08-01-2022, 12:46 PM
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Originally Posted by Elevation View Post
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.
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